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March Report From Queensl Park by Julian Reed Halton- Quite a number of businessmen especially of shopping plains Jiavc expressed concern amendment to Assessment Act which was time assessment wos based on the ana occupied by a but the new formula is based on the total assessment value of the entire tenant occupied property I for Example plaza the tenants in proportion to the fair market of the space they each occupy This means in effect the tenant who pays a higher rent will also be paying higher taxes No exceptions are made for existing leases and tenants are locked into fixe or fen leases having been given to understand that be paying of a certain amount based on actual taxes already being paid in similar malls elsewhere However they have been faced with tax bills Jia much as ten times as high as those projected Both large and small tenants ore virtually trapped in existing lease arrangement since they were not aware of amendment to the Assessment Act In some cases large tenants have had their taxes sub reduced 150 In one case below the ions made at the time of en Into tin lease arrangement The shift of the tax burden onto small tenant is being appealed by many but in the no they are faced with the possibility of bankruptcy because of this situation Not only has the change in legislation led to a con shift of tax burden onto the small business but from a pratical point of view it Is very cumbersome Any change in rental by any one store may involve reassessment of all the others Realty taxes continue to be paid by developers but the assessment office apportions thd total among the various tenants taking Into eon location access to main corridors use of facilities provided etc Assessments are increased therefore where the rents are higher and assessment Is taxed at percent and decreased where assessments arc taxed at percent Large tenants are charged much leas rent per square foot due to their attraction value for the shopping mall Smaller tenants pay higher rent because their space is used much more intensely and they usually have direct access to a common area In the mall providing facilities for their customers Some Inequity may exist in this situation Possibly when the legislation was considered and passed by all three par ties It was not fully realised that rents charged by shopping malls varied to such a great extent Ministry officials are of he opinion that prior to the amendment the small businesses were not paying their fair share of the taxes When the government In traduced the legislation to amend Iho Assessment Act It was stressed by the minister that it was the intention to provide a formula which would rnkne a fair apportionment of the assessment value among tenant In accordance with market rental value of Hit space they occupied so that tenants occupying the most valuable would be for a greater portion the total of the total property than tenant Confd Next Page Promise from the Man in the Bright Red Jacket OLYMPIC LOTTERY TICKETS AVAILABLE AT ASP FOOD Pork Loin Roasts Rib Portion Rib Half Loin Tenderloin Portion Tenderloin Half Loin 109 lb I lb Centre Cut Loin Rib Loin Pork Chops 1 59 Spare Ribs ALL PRICES SHOWN IN THIS AD GUARANTEED EFFECTIVE THROUGH SAT MARCH Look for the Man in Red at AP The bright new lacket worn by our store manager is a symbol his renewed to be more responsive to vou You tan go to him it vou have a question if you have a problem 01 if you have a special need Oui tan do a lot to help make your shopping easier and more satisfying And he will Were aj proud of him If We Cant Do It Nobody Can PORK LOIN QUARTERS CUT INTO PORK CHOPS 29 2 Rib Chops 2 Loin End Chops 6 Centre Chops 10 CHOPS A PKG FROZEN FOODS Lmon SARA LEE CAKES CAKE JuK From Field ORANGE JUICE TINS SI DOW MY FLAKE Frozen Waffles vt SUPERRIGHT QUALITY SLICED BEEF LIVER Side Bacon Luncheon Meats 44 UN WITH MAPLE LEAF COOKEDPICNIC STYLE Deluxe Pizza P Shoulders 8 9 Wieners Corned Beef STORE PACK HEW Beef Pork Sausages 8 9 Lamb Shoulder Chops Fresh Produce FLORIDAS FINEST INDIAN RIVER PINK LARGE SIZE 32s GRAPEFRUIT 5 99 A COLOURFUL FLOWERING PERENNIAL PRIMULA PLANTS TEXAS WASHED PACKED FRESH DAILY SPINACH 3 CALIFORNIA SWEET SEEDLESS NAVEL ORANGES PACKED FRESH DAILY COLE SLAW FLORIDA PACKED FRESH DAILY CELERY HEARTS MEXICAN LARGE SIZE PINEAPPLE irdtrnittuj I L CocaCola Instant Coffee 1 1 lona Peas 1 1 Princess Cookies ACTION ORANGE PEKOE action priced SaladaTea Bags INCLUDING DINNER TIME candies PEGGY ANN lb cello Mother Parker PURE Maiola Com oil ARTIFICIALLY MAPLE Old Tyme Syrup WHITE PINK YELLOW ACTION PRICED Delsey Tissue Serve Quality Baked Goods and Save MARVEL BRAND SLICED BUY 4 LOAVES SAVE White Bread JANE PARKER SAVE 16c Snow lake Rolls 39 pko of CHECK THESE LOW PRICES Hot Cross Buns i69 IAMC DADLfED DIFC JANE PARKER 10c Jnllll I Cake DoiUltS 59 full SLICED OR IMS WHOLE WHEAT OR CRACKED BLUEBERRY CHERRY RAISIN Jane Parker Bread mi 79t- 95 CHOICE PEAS CARROTS MIXED FLOI TIN ACTION Libbys Vegetables 3100 LUXURY FOOT BEEF BEEF CHUNKS Dr Ballards men I id Hold Bon Pit Adorn Hair Spray REGULAR CRESCENT OR DINNER ROLLS Pillsbury Biscuits PROCESS CHEESE ACTION PRICED Kraft Velveeta LUX LIQUID COTTAGE CHEESE KLEENEX TOWELS MISS MEW PLASTIC