O. Reg. 330/16: REAL PROPERTY OWNED BY THE LIQUOR CONTROL BOARD OF ONTARIO

Trillium Trust Act, 2014

ONTARIO REGULATION 330/16

REAL PROPERTY OWNED BY THE LIQUOR CONTROL BOARD OF ONTARIO

Historical version for the period December 6, 2018 to March 31, 2019.

Note: This Regulation is 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).