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STRATEGIC POLICIES AND PRIORITIES COMMITTEE

A G E N D A

SPECIAL MEETING

Date of Meeting: Wednesday, October 28, 1998 Enquiry: Frances Pritchard
Time: 9:00 a.m. Interim Contact
Location: Committee Room A

2nd Floor - Metro Hall

55 John Street, Toronto

392-7039

E-mail address

fpritcha@city.toronto.on.ca

DECLARATIONS OF INTEREST PURSUANT TO

THE MUNICIPAL CONFLICT OF INTEREST ACT.

COMMUNICATIONS/REPORTS.

1.MOTION RESPECTING TAX POLICY OPTIONS OF THE MULTI-RESIDENTIAL PROPERTY CLASS

City Clerk

(October 23, 1998)

Forwarding the action of the Assessment and Tax Policy Task Force from its meeting of October 22, 1998, to the Strategic Policies and Priorities Committee and Council, and recommending that:

(1)City Council pass a by-law prior to October 31, 1998,(the legal deadline for 1999) opting to have the new multi-residential property class apply to the City of Toronto beginning with the 1999 taxation year;

(2)the Province be requested to permit the municipality to extend the maximum period for applying the new multi-residential property class beyond eight years (ie. in perpetuity);

(3)the Chief Financial Officer and Treasurer be requested to report back to City Council, through the Assessment and Tax Policy Tax Force, on the tax rate which would be applied to the new multi-residential property class;

(4)the Association of Municipalities of Ontario be requested to support making the new multi-residential property class permanent;

(5)City Council request the Province to grant the City legislation which would permit the City to create a new property class for Rooming Houses, Bachelorettes and other housing accommodation for the poorest and most vulnerable residents in the community;

(6)the Federal Government be requested to treat the construction of new rental accommodation units in the same fashion as residential housing with respect to G.S.T. tax relief;

(7)City Council reaffirm its intent to create a permanent solution to ensure property tax equity between homeowners and tenants; and the workplan to that end be developed in 1999, as set out by Council at its meeting held on July 21 and 23, 1998.

 

   
Please note that council and committee documents are provided electronically for information only and do not retain the exact structure of the original versions. For example, charts, images and tables may be difficult to read. As such, readers should verify information before acting on it. All council documents are available from the City Clerk's office. Please e-mail clerk@city.toronto.on.ca.

 

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