Request to proceed with tax sale of Talisman up to judge 0
A request to proceed with a tax sale of Talisman Resort will be up to a judge, Grey Highlands chief administrator Dan Best told council on Monday.
Best said council's decision to proceed with a tax sale of the resort was communicated to the court appointed receiver, BDO Canada Limited.
Blair Davidson, the president of BDO's financial recovery services practice, said on Tuesday that he won't take a position for or against the municipality's plans to revert to a tax sale.
"We're not objecting, not consenting . . . there are other stakeholders, the former owner, the TD Bank that may want to make recommendations to the court," he said.
"All we'll do is report to the court what we've done and what the current status is," Davidson added.
Last fall Grey Highlands put off a tax sale and agreed to let the court-appointed receiver try to sell the property. But in a report to council late last month Davidson said although there were a couple of interested buyers none had made a firm offer or put down a deposit. At that time he wanted to list the resort with realtors to see if more potential buyers could be found.
But council turned down that option and voted in favour of asking the court to allow the resort to be disposed of through a tax sale.
The municipality is owed about $1.7 million in back taxes and outstanding sewer and water charges. That amount increases the longer the sale is delayed, Best said.
Davidson said as an officer of the court it's not the receiver's job to take a position for or against Grey Highlands' request.
"I will be there as court officer to advise the judge as to what has transpired in the receivership," said Davidson, who is waiting for a court date for the hearing.