THE CORPORATION OF THE CITY GF PORT COQUITLAM M Finance Committee ‘E September 9, 198] J. Maitland City Treasurer taal > i RE: Property Taxes In cur normal course of business we provide tax information to the legal office doing the conveyancing on a property sale. . Last November we provided incorrect information and said there were no taxes owing on a ‘property that in fact had $1,466.18 owing on it. rps error came to light when the mortgage company for the new owner paid e 1981 taxes as well as the prior years and then advis sed the new owner that his mortgage payment would be increas ing approximately $150.00 per month because of property taxes. This is creating a considerable problem for the new owner. Options 1. Section 447 (3) of the Municipal Act says we are not legally liable for errors on statements such as these, so we could tell the new owner that it is unfortunately his problem. I have not done this nor do I feel it to be morally right to do this We could try to recover the monies from the previous owner, we have done this, unfortunately the previous owner has financial problems and is unable to make payment at this time. 3. The City could apply to Victoria to make an ex gratia payment to the new owner and in effect pick up the costs involved. ‘Recommendation I recommend that the Committee forward the following resolution to Council for their consideration: "RE: Lot 145 NW % Section 6 Township 40 Plan 46259 Roll #923055-003 Whereas the City erred in providing tax information regarding the above mentioned property, and Whereas the City's error is causing, undue hardship on the new owner of the property, the Council requests permission of the Department of Municipal Affairs to make an ex gratia payment in the amount of $1,406.18 to the new owner of the above mentioned property." JIM/kfr