HomeMy WebLinkAboutFIN-09-137 - Applications for Canc of TaxesJ
F-mrncialServirts
REPORT
Report To: Mayor Carl Zehr and Members of Council
Date of Meeting: December 14, 2009
Submitted By: Dan Chapman, General Manager of Financial Services
Prepared By: Joyce V. Evans, Director of Revenue (Ext. 2895}
Ward(s) Involved: All
Date of Report: December 8, 2009
Report No.: FIN-09-137
Subject: Applications for Cancellation, Refund, Reduction or Levy of Taxes
December 14 Hearing
RECOMMENDATION:
That the applications to City Council for cancellation, reduction, refund or levy of taxes totaling
$243,457.86 as attached to Financial Services Department report FIN-09-137, be approved,
pursuant to Section 357 of the Municipal Act.
BACKGROUND:
One hundred and twenty four applications for adjustment of taxes under Section #357 of The
Municipal Act, S.O. 2001 were processed, resulting in a net reduction of taxes in the amount of
$243,357.86. The required notices to the affected parties were sent out in accordance with the
relevant legislation.
FINANCIAL IMPLICATIONS:
The tax reductions are shared with the Regional Municipality of Waterloo and the School
Boards. The net effect to the City of Kitchener amounts to $64,923.45 in tax levy reduction.
ACKNOWLEDGED BY: Dan Chapman, CA, MPA
General Manager of Financial Services & City Treasurer
5 -1