Bill ID 5131 (Legislature 17, Session 1)

L17 S1 5131

Alberta — Bills

1972 Bill Pro First Session, 17th Legislature, 21 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL Pre

An Act to Terminate 'Certain Agreements Between the Canadian Pacific Railway Company and the City of Calgary MR. FARRAN First Reading Second Reading .. Third Reading .... Printed by L. S. Wall, Queen's Printer, Edmonton

Preamble BILL Pre 7

AN ACT TO TERMINATE CERTAIN AGREEMENTS BETWEEN THE CANADIAN PACIFIC 'RAILWAY COMPANY AND THE CITY OF CALGARY ( Assented to ,1972)

WHEREAS The Canadian Pacific Railway Company entered into an Agreement with the City of Calgary dated the 10th day of March, A.D. 1911; and

WHEREAS by such Agreement the City of Calgary waived and released any or all claims it then had or might thereafter make or have to tax for any purpose (including local improvements, water, sewer, and other frontage taxa tion) any hotel property that may be constructed by The Canadian Pacific Railway Company on its station grounds in the City of Calgary; and

WHEREAS such waiver and release by the City of Cal gary was purported to be in perpetuity and as such is against public interest; and

WHEREAS The Canadian Pacific Railway Company built a hotel on its station grounds in the City of Calgary; and

WHEREAS The Canadian Pacific Railway Company and the City of Calgary entered into a further agreement dated the 2nd day of March, A.D. 1954 whereby, inter alia, the Agreement of the 10th day of March A.D. 1911 was sus pended during the effective period of the Agreement dated the 2nd day of March A.D. 1954; and

WHEREAS the Agreement dated the 2nd day of March A.D. 1954 was ratified, validated and confirmed and de clared to be legally binding upon each of the parties there to by The Calgary Taxing Agreement Act, 1954, being

chapter of the Statutes of Alberta, 1954; and

WHEREAS The Canadian Pacific Railway Company ~s no longer the operator of the hotel referred to in the saId Agreements; and

WHEREAS economic conditions have so changed since and since that the terms of the Agreements give the present owners and operators of the hotel an un fajr economic advantage over other citizens of the City of Calgary who are the owners of competing hotels and who pay full tax assessments on such hotels; and

Short title Agreements null and terminated Repeal Coming into force

WHEREAS the terms of such Agreements constitute a perpetual 'economic burden on the taxpayers of the City of Calgary: THEREFORE HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, en acts as follows: 1. This Act may be cited as The C.P.R. - Calgary Agree ments Termination Act. 2.

Those certain Agreements, one dated the lOth day of March, A.D. 1911 and the other dated the 2nd day of :March 1954, and any further Agreements made in conse quence thereof, between The Canadian Pacific Railway Company, of the First Part, and the City of Calgary, a municipal corporation in the Prov,ince of Alberta, of the Second Part are hereby terminated and discharged and declared to be of no further force or effect. 3. The. Calgary Taxing Agreement Act, 1954, being

chapter of the Statutes of Alberta, 1954, is hereby re pealed. 4. This Act comes into force on the day upon which it is assented to and upon so coming into force shall be deemed to have been ,in force at all times on and after January 1, 1972. 2 Title: 1972 (17th, 1st) Bill Pr7,

An Act to Terminate Certain Agreements Between the Canadian Pacific Railway Company and the City of Calgary

Document details

Collection	Alberta — Bills
Citation	L17 S1 5131
Type	bill
Volume / chapter	L17 S1 5131
Language	en
Format	json
Source	PROVINCIAL
Identifier	01eecafcad24d98e7c131ca7c7fa9096eefbf57e

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