Discharge of Lien

252 Torrens Avenue

The East York Community Council recommends the adoption of the following report (July22,1998) from the City Solicitor, East York Office:

Purpose:

The purpose of this report is to authorize the discharge of a Lien registered as Instrument No.A593248.

Funding Sources, Financial Implications and Impact Statement:

None.

Recommendations:

It is recommended that City Council:

(1)Authorize that the Lien registered as Instrument No. A593248 be discharged from title.

(2)Authorize the Solicitors for East York to prepare and register on title the required document.

(3)Authorize the City Clerk to execute such document on behalf of the City.

Background:

The owner of the property at 252 Torrens Avenue, James George, has fulfilled all of the obligations pursuant to the Lien registered as Instrument No. A593248. The Treasurer and Director of Finance has confirmed that the lien amount has now been paid in full. Mr. Castlemore, solicitor for Mr.George, has requested that this Lien be discharged.

Comments:

The lien was originally registered as a result of a loan made pursuant to the Housing Development Act. The lien has been paid off and therefore should be discharged.

Conclusions:

It is our opinion that it is appropriate for the said Lien to be discharged.

Contact Name:

Quinto M. Annibale

Loopstra, Nixon & McLeish

Tel. 416-746-4710

Fax 416-746-8319

qannibale@loonix.com