Item - 2019.MM11.6
Tracking Status
- City Council adopted this item on October 29 and 30, 2019 without amendments.
MM11.6 - Protecting small businesses from condominium speculation Assessment Tax - by Councillor Mike Colle, seconded by Councillor John Filion
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on October 29 and 30, 2019, adopted the following:
1. City Council request the Chief Financial Officer and Treasurer to report to the Executive Committee, as part of the ongoing review of additional property tax and legislative change, on options to support businesses on options to mitigate the adverse impact of "highest and best use" valuation when using direct sales comparison approach by Municipal Property Assessment Corporation to determine Current Value Assessment for commercial properties.
2. City Council request the Chief Financial Officer and Treasurer to request a meeting with Provincial Ministry of Finance officials to seek tax relief from the impact of "highest and best use" valuation of small business properties.
Background Information (City Council)
Motions (City Council)
Speaker Frances Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM11.6 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.
Vote (Waive Referral) Oct-30-2019 2:23 PM
| Result: Carried | Two-Thirds Required - MM11.6 - Waive referral |
|---|---|
| Total members that voted Yes: 24 | Members that voted Yes are Paul Ainslie, Ana Bailão, Brad Bradford, Shelley Carroll, Mike Colle, Gary Crawford, Joe Cressy, John Filion, Paula Fletcher, Michael Ford, Mark Grimes, Stephen Holyday, Jim Karygiannis, Cynthia Lai, Mike Layton, Josh Matlow, Jennifer McKelvie, Denzil Minnan-Wong, Frances Nunziata (Chair), James Pasternak, Gord Perks, Anthony Perruzza, Michael Thompson, Kristyn Wong-Tam |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 2 | Members that were absent are Jaye Robinson, John Tory |
Vote (Adopt Item) Oct-30-2019 2:24 PM
| Result: Carried | Majority Required - MM11.6 - Adopt the Item |
|---|---|
| Total members that voted Yes: 24 | Members that voted Yes are Paul Ainslie, Ana Bailão, Brad Bradford, Shelley Carroll, Mike Colle, Gary Crawford, Joe Cressy, John Filion, Paula Fletcher, Michael Ford, Mark Grimes, Stephen Holyday, Jim Karygiannis, Cynthia Lai, Mike Layton, Josh Matlow, Jennifer McKelvie, Denzil Minnan-Wong, Frances Nunziata (Chair), James Pasternak, Gord Perks, Anthony Perruzza, Michael Thompson, Kristyn Wong-Tam |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 2 | Members that were absent are Jaye Robinson, John Tory |