So I received an email this afternoon with the subject line ...
I've posted my frustration of this matter in this post, if you want to brief yourself on it.
This is what the email states:
Dear Ryan de Leon & Charisse de Leon,
I am pleased to be writing to you again to provide you with an update on the status of the Municipal Charge increase in the Region of Halton. Below is a copy of the text from a letter that has been mailed to you. I believe you will be pleased with the contents.If you have any questions, please let me know.
Thank you,
Laurie H.
Customer Care Administrator
Here is the letter (via email):
Re: Agreement of Purchase and Sale between Ryan de Leon & Charisse de Leon and Mattamy (Escarpment) Limited
We have previously written to you about an increase in municipal charges applicable to your new home that was imposed by the Region of Halton Council on July 15, 2009. As we indicated in our letter of October 2009, despite the increase, all parties remained committed to exploring alternatives and much effort was expended in this regard.
We can now advise you that these efforts have been successful. On November 18, 2009, Council approved a proposal providing that the increased charge will be recoverable. While not eliminating the increased charge, this new proposal reduces its overall cost significantly. In essence, current developments will be providing interest-free loans for the infrastructure works to which the increased charge applies, rather than wholly paying for these works.
Mattamy is pleased to advise that, in these circumstances, there will be no additional amount payable by you on closing with respect to this charge. Paragraph 9(c) of your Purchase Agreement still applies as it remains a defined form of “Levy” under the Purchase Agreement. However, in light of our success in dealing with the Region, we will not be relying on this clause to add in the charge to the cost of your home. The increased charge will be borne by Mattamy, as will the risk of delay and uncertainty with regard to future repayment.
We know that the prospect of you paying the increased charge has been the cause of concern. We have always shared your concern, advocated on your behalf, and are pleased to advise you of this resolution, which we believe you will find fully satisfactory.
Sincerely,
MATTAMY (ESCARPMENT) LIMITED
OMG. No fucking way. Shut the hell up.
How happy am I right now! I haven't shared the news with Ryan yet, but OMG ... a serious weight has been lifted off my shoulders. We now have extra cash for furniture, hahaha and/or that MacBook that I need.
Happy belated birthday to me.
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