Refund of Double-Repayment of Property Taxes - 50 Cumberland Street/37 Yorkville Avenue (Municipal Car Park 15)

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2023-04-21 · Toronto Parking Authority · adopted

As filed

The Board of Directors of Toronto Parking Authority: 1. Provided authority to the President, Toronto Parking Authority to pay $876,037.96 to PricewaterhouseCoopers Inc., LIT Receiver of 33 Yorkville Residences Inc. and 33 Yorkville Residences Limited Partnership. 2. Provided authority to the President, Toronto Parking Authority to instruct Toronto Parking Authority counsel to undertake any steps required in the receivership proceedings that related to this payment.

On the agenda

As the city filed it

This report is to obtain authority for Toronto Parking Authority staff to repay $876,037.96 to PricewaterhouseCoopers Inc., LIT Receiver of 33 Yorkville Residences Inc. and 33 Yorkville Residences Limited Partnership, on the basis that it represents a double-repayment for property taxes that were already refunded to the TPA on November 12, 2020 in the amount of $1,465,800.18.

Staff recommended

The President, Toronto Parking Authority recommends that: 1. The Board of Directors of Toronto Parking Authority provide authority to the President, Toronto Parking Authority, to pay $876,037.96 to PricewaterhouseCoopers Inc., LIT Receiver of 33 Yorkville Residences Inc. and 33 Yorkville Residences Limited Partnership; and, 2. The Board of Directors of Toronto Parking Authority provide authority to the President, Toronto

Show the rest of Staff recommended, 158 more characters as filed

Parking Authority, to instruct Toronto Parking Authority counsel to undertake any steps required in the receivership proceedings that related to this payment.

On the record

The item as the City filed it