Comment 77469

By Gary Santucci (anonymous) | Posted May 29, 2012 at 12:05:17

Both Malex and Steve are correct; Councillor Morelli maintains two residences, one on London Street Ward 4 and one in Winona opposite the Newport Marina Ward 11

Audit and Finance Committee meeting January 18 2010

Check out Item 6.1 Newport Marina

At 5:41 of the video record Councillor Morelli declares a conflict of interest as he owns property adjacent to the Newport Marina as they are about to receive a $ 250.000.00 tax break

4. Treasurers’ Write-Off of Taxes Proposal for Newport Marina, Under Section
354 of the Municipal Act, 2001 (FCS12006) (Ward 11) (Item 8.1)
That taxes in the amount of $260,209 be written off, under Section 354 of the
Municipal Act, 2001 for 239 properties, known as the Newport Marina, upon sale
of the marina to new owners; currently intended to be known as the Newport
Yacht Club – Stoney Creek, subject to the following conditions, namely:
(i) That all the subject properties be merged and consolidated into a single
ownership with a single Property Identification Number (PIN); and,
(ii) That the new owner of the subject lands agree, in a form satisfactory to
the City Solicitor, to indemnify and hold harmless the City from any liability
or damages to the City arising in any way as a result of the
implementation of this recommendation.

Just the Facts. I guess the question could be; Is is it really any of our business anyway?

Gary Santucci

Permalink | Context

Events Calendar

Recent Articles

Article Archives

Blog Archives

Site Tools