At City Council – Expropriation of Business Improvement Area Land and Potential Compensation
GG18.38 – Expropriation of Business Improvement Area Land and Potential Compensation
(Deferred from December 17 and 18, 2024 – 2024.GG18.38)
For City Council Consideration on March 5, 2025 – Action
Wards: All
Committee Recommendations
The General Government Committee forwarded the item to City Council without recommendation.
Summary
At its October 9 and 10, 2024 Council meeting, during its consideration of Item GG16.3: Status of Outstanding Payments in Lieu of Tax Amounts for Federal, Provincial and Municipal Properties, a Motion to amend the item was carried requesting that the Chief Financial Officer and Treasurer report back to the November 20, 2024 General Government Committee meeting on:
– How the City of Toronto will determine and collect payments in lieu of taxes for those businesses which Metrolinx has expropriated and closed in Business Improvement Areas; and
– How the City of Toronto will compensate the Business Improvement Area levies for these properties.
This report is being written by Revenue Services in consultation with Economic Development and Culture and Legal Services.
Background Information (Committee)
(November 8, 2024) Report from the Executive Director, Finance Shared Services on Expropriation of Business Improvement Area Land and Potential Compensation
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-250399.pdf