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Last week I brought you the story surrounding the inclusion of the China Investment Corporation
In documents provided to the City of Vancouver by Ernst & Young who the City had hired
After the deal the city put together for the sale and swap of land in Yaletown that wound up in the Supreme Court of BC
"Click" down here to see my follow up report
And to see what the City and Ernst & Young had to say on why it was included
And at the end of that report I showed you the 10 questions I sent the the City of Vancouver
Surrounding the original land swap deal
*tongue click noise*
Well folks the silence from the City has been deafening
not one peep, nothing back from them in over a week ...
So I even cut down my questions to 4 straight forward questions surrounding the original deal
And I want to go through my questions now
with you the viewer so you know exactly why it is so important that we get answers
Number 1
"Why did the city remain silent regarding the assessment complaint file by Feb 2nd 2015 "
This is a crucial question
In January of each year BC Assessments sends out an Assessment Notice estimating a property's value
In the case of this deal the property was assessed at $59,507,500 you can see it right here on the screen
But by Feb 2nd 2015 an Notice of Complaint was filed
That lead right into Question 2
Was the City the initial complainant of the Feb 2nd 2015 complaint?
When appeals are filed it is often the owner who does so because they believe their property has been assessed at the wrong value
In this case it is important to know who the complainant was because we know for a fact that after the complaint
BC Assessment for WHATEVER the reason dropped the property value by 50 Million dollars
down to $9,485,500 that's a whopping 83% reduction in the value of the land the City was about to swap with the developer
it matters if the city was the initial complainant because under the BC Assessment Act
Section 10 (2) the initial complainant must agree to the reduction
The City may try to claim they were not the complainant
But if they are the owner they must still agree to the reduction according to the Act
Of course the City may say "look the owner Luk Se 127 society for housing (Rebel please help can't understand what he said)
but by early 2013 the City ,127 society, and Brenhill Properties all signed a surrender of the lease
Which I will post as always with all our documents from the story bellow
So it appears as though the either the City knowingly agreed to wipe $50 million off a property they owned
or ... BC Assessment act without Legal Authority im dropping the value of this property
The problem is ... nobody at BC Assessment is willing to explain why this was done
Not Mr. Paul Borgo? the deputy assessor I visited myself
Who stone walled me giving me every excuse in the book not to give me an answer
and no the assessor on this file Jason Grant
Also from the Vancouver office who has not returned my calls
So my other 2 questions of the city have to do with their procurement and contracting procedures
First I wanted to know how much the city paid subcontractors hired by Ernst & Young as indicated in thier report ...
While the City paid Ernst & Young just shy of $140,000 it appears when you look at the detailed billing of 3rd party resources provided to Ernst & Young...
By both BCSA and Rennie Marketing Systems (On Screen) they contributed to the this report
And yet we have ZERO invoices on this subcontracting work and the City needs to provide us with those
My final question was one of simply following the proper procedure
We know from NPA Councillor George Afleck that this engagement letter from Ernst & Young was NEVER reviewed by City Council
And According the City's own rules in Section 4.3 of their Procurement Policy any work exceeding $75,000
Must be an OPEN BID and posted to the BC-BID website
So ... a simple answer of "yes" and here are the records of those postings should seem pretty easy right ?
Well ... no ... because I have not heard one single thing back from the City since they responded to my original inquires surrounding the reference
to the China Investment Corporation
Perhaps the "progressives" down at City Hall are just going to ignore me as a rebel and hope I'll go away
But that's no the case... I won't go anywhere ... and I know for a fact a few of my colleagues in the the main stream media are also asking these exact same questions
and the exact same silence deafening silence from Vision Vancouver controlled City Hall
So Mayor Gregor Robertson please give your tax payers and your citizens the answers they deserve
For the Rebel.Media I'm Christopher Wilson
Whoo that took a while... hope that captioning helps some folk who have hearing impairment (^ω^ )
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