Bill Pr12

Bill Pr122000

An Act respecting the City of Toronto

Preamble

The council of the City of Toronto (``city council") has applied for special legislation in respect of the matters set out in this Act.

It is appropriate to grant the application.

Therefore, Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

Municipal taxes reduced

1. (1)City council may pass a by-law providing that zero is the amount of the prescribed percentage referred to in subsection 136 (1) of the Tenant Protection Act, 1997 for residential complexes in the areas of the city specified in the by-law.

Same

(2)If a by-law is made under subsection (1), the prescribed percentage referred to in subsection 136 (1) of the Tenant Protection Act, 1997 shall be deemed to be zero for residential complexes in the areas of the city specified in the by-law.

Notice

(3)The by-law may also provide that, for 2000, the prescribed period referred to in subsection 136 (3) of the Tenant Protection Act, 1997 is the period specified in the by-law.

Same

(4)The prescribed period referred to in subsection 136 (3) of the Tenant Protection Act, 1997 shall be deemed, for 2000, to be the period specified in the by-law.

Commencement

2.This Act comes into force on the day it receives Royal Assent.

Short title

3.The short title of this Act is the City of Toronto Act (Tenant Protection), 2000.

EXPLANATORY NOTE

Currently, section 136 of the Tenant Protection Act, 1997 applies when the municipal property tax for a residential complex is reduced. It specifies that the lawful rent for rental units in the complex must be reduced if the municipal property tax for the complex is reduced by a percentage greater than the percentage prescribed under that Act.

The Bill authorizes the City of Toronto to pass a by-law specifying a different percentage for the purposes of that section of the Tenant Protection Act, 1997. As a transitional matter, the by-law may also specify a different deadline for 2000 for the city to give notice to landlords and tenants about any required rent reduction.