Requirement for Trust Accounts for Commercial Properties

Year
2020
Number
NR29
Sponsor(s)
Fort St. John

Whereas there are commercial properties that are unable to pay property taxes that result in a loss of revenue for local government; And whereas the majority of rental and lease agreements include an amount in the rental fee that is allocated towards property taxes: Therefore be it resolved that UBCM be asked to lobby the Province to implement a requirement for commercial property landlords to establish trust accounts to deposit property tax payments collected as part of the leaserental agreements.

Convention Decision
Not Considered - Automatic Referral to Executive
Executive Decision
Not Endorsed