Item - 2019.GL1.6
Tracking Status
- City Council adopted this item on January 30 and 31, 2019 without amendments and without debate.
- This item was considered by the General Government and Licensing Committee on January 14, 2019 and adopted without amendment. It will be considered by City Council on January 30 and 31, 2019.
GL1.6 - Grant of Exemption from Late Payment Fees - Tourism Space at Union Station
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Ward:
- 10 - Spadina - Fort York
City Council Decision
City Council on January 30 and 31, 2019, adopted the following:
1. City Council grant an exemption from the requirement to charge late payment fees of 15 percent per year for outstanding receivable balances and returned cheque fees (currently $40 per returned cheque) under the lease to Her Majesty the Queen in Right of Ontario, as represented by the Minister of Infrastructure (the "Tenant"), for space at Union Station for the promotion and marketing of tourism in Ontario.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-123104.pdf
GL1.6 - Grant of Exemption from Late Payment Fees - Tourism Space at Union Station
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 10 - Spadina - Fort York
Committee Recommendations
The General Government and Licensing Committee recommends that:
1. City Council grant an exemption from the requirement to charge late payment fees of 15 percent per year for outstanding receivable balances and returned cheque fees (currently $40 per returned cheque) under the lease to Her Majesty the Queen in Right of Ontario, as represented by the Minister of Infrastructure (the "Tenant"), for space at Union Station for the promotion and marketing of tourism in Ontario.
Origin
Summary
Infrastructure Ontario and Lands Corporation, on behalf of Her Majesty the Queen in Right of Ontario as represented by the Minister of Infrastructure, has been negotiating a lease agreement with the City for space at Union Station to be used for the promotion of tourism in Ontario and it has advised that it cannot agree to pay interest on late payments or returned cheque fees, as it does not have Treasury Board approval to do so, as required under the Financial Administration Act. Accordingly, this report seeks an exemption from the requirement to charge late payment fees and returned cheque fees under the lease.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-123104.pdf