The tax sale announcement comes days after city staff disclosed (in response to an inquiry) that Barrie failed to pay back $4.79 million in construction loans for the Bear Mountain Interchange earlier this year. At least one of the larger lots secured as collateral for the interchange loan has now fallen into tax arrears. (See pdf link, below.)
The city of Langford suspended work on the controversial interchange in June without revealing its loan repayment problems. Now, Langford's mayor and council are dodging questions from the media, with the exception of Acting Mayor Lanny Seaton, who told A News last week that city staff did not advise him about the missing payment.
The two Bear Mountain parcels carry substantially larger debts than the other tax sale properties listed in the public notice. The land described as "Lot A, Plan VIP81958, Lots 81/82/84, Bear Mountain Parkway" owes over $351,000 in back taxes. That parcel is part of the area designated to pay a special tax to the city to recover the bank loan for the Spencer Rd Interchange.
A second lot, labeled "PID 025-088-106, 2198 Navigators Rise," owes over $75,000 in back taxes. In 2004, the city of Langford issued a development permit for that property to Len Barrie and his company, LGB9.
The Tax Sale auction is set for Monday, September 28, 2009 at 10 am, at Langford City Council Chambers on Goldstream Avenue. Minimum bids must be at least equal to the upset price (tax debt). The current owner has one year from the date of the auction to pay the taxes owing to the city, or the winning bidder assumes ownership. Buyer beware - the city takes no responsibility for the condition of the property or any covenants, liens, and mortgages outstanding.
In the event that no one makes a minimum bid on the property, the municipality takes ownership.
On Wednesday, September 16, the city of Langford posted its annual list of properties going to the auction block for back taxes. (See image link, below.) Two Bear Mountain properties are on the list, raising more questions about owner Len Barrie's financial future.
