O. Reg. 330/16: REAL PROPERTY OWNED BY THE LIQUOR CONTROL BOARD OF ONTARIO
under Trillium Trust Act, 2014, S.O. 2014, c. 7, Sched. 32
Skip to contentrevoked or spent April 1, 2019 | |
December 6, 2018 – March 31, 2019 | |
October 3, 2016 – December 5, 2018 |
Trillium Trust Act, 2014
REAL PROPERTY OWNED BY THE LIQUOR CONTROL BOARD OF ONTARIO
Note: This Regulation was revoked on April 1, 2019. (See: 2018, c. 17, Sched. 43, s. 3)
Last amendment: 2018, c. 17, Sched. 43, s. 3.
Legislative History: 2018, c. 17, Sched. 43, s. 3.
This is the English version of a bilingual regulation.
Designation
1. The following assets are designated as qualifying assets for the purposes of the Act:
1. Real property owned by the Liquor Control Board of Ontario in the City of Toronto at the addresses known municipally as 95 Lake Shore Boulevard East, 15 Freeland Street and 8 and 15 Cooper Street.
Application
2. This Regulation applies with respect to the following assets:
1. The real property owned by the Liquor Control Board of Ontario described in paragraph 3 of subsection 3 (1) of the Act.
2. The real property owned by the Liquor Control Board of Ontario designated in section 1 of this Regulation.
Amount to be credited
3. For the purposes of section 6 of the Act, the following amount in connection with the disposition of the assets is to be credited to the Trillium Trust promptly after this section comes into force:
1. $246,215,325, being 100 per cent of the designated proceeds of disposition, as determined under section 4 of the Act.
Designated proceeds of disposition — s. 4 of the Act
4. For the purposes of paragraph 2 of section 4 of the Act, $3,553,741 is prescribed as the amount of costs incurred by the Crown in connection with the disposition.
5. Omitted (provides for coming into force of provisions of this Regulation).