SOLD OUT - UDI Seminar: Legal Updates 2018
Name:
SOLD OUT - UDI Seminar: Legal Updates 2018
Date:
December 4, 2018
Time:
7:15 AM - 9:15 AM PST
Event Description:
PAUL SULLIVAN PRESENTATION
ED WILSON PRESENTATION
MARK LEWIS PRESENTATION
1 hour of CPD credit applicable
We are excited to conclude 2018's seminar season with our December breakfast on updates to a few critical legal issues for our industry:
- Recent details on Speculation Tax (under Bill 45)
- Property Tax
- City of Vancouver Vacant Home Tax
- Luxury School Tax
- Pre-Sale Assignment Registry - regulations just released ten days ago, with requirements that developers must follow effective Jan. 1, 2019
- Land Owner Transparency Act (LOTA)
Mark Lewis of Bennett Jones will moderate this discussion as we explore these crucial matters with our distinguished panel.
- Paul Sullivan, Principal, Burgess Cawley Sullivan
- Ed Wilson, Partner, Lawson Lundell
- Mark Lewis, Partner, Bennett Jones (moderator)
BIOS
PAUL SULLIVAN - Principal, Burgess Cawley Sullivan & Associates
Paul Sullivan is a senior partner at Burgess Cawley Sullivan & Associates, will use recent case studies to review how developers can protect themselves from unnecessarily large tax bills stemming from both air space parcel subdivisions and split class tax assessments. In 2010, Paul led UDI's Taxation Committee to successfully amend the regulation on vacant mixed-use development land. Prior to the amendment, mixed-use sites were often classified as 100% commercial; now, mixed-use may be considered 'split class'. However, recent appeals have revealed shortcomings with the wording in zoning bylaws that have resulted in higher property taxes being paid by developers. Paul will share his thoughts on how zoning bylaws should be written to take full advantage of the amendment.
ED WILSON - Partner, Lawson Lundell
Ed practices in the real estate and municipal law fields with a specialty in real estate development. He has assisted clients in such projects as: redevelopment of industrial sites to permit multi-family residential uses; heritage designation and density bonusing arrangements; rezoning and redevelopment of shopping centres; development of office and industrial parks; development of numerous condominium projects; development and marketing of strata title hotels; restructuring of strata corporation bylaws; purchase of abandoned mining towns; development of mine sites; subdivision of pulp mills and saw mills; assisting municipalities on the redevelopment of downtown urban centres; and commercial lease negotiations for a wide variety of tenants and landlords. He is also one of the leading experts on strata corporation windups having completed a number of strata corporation windups as well as the first court approved windup in BC. Ed has been an active member of a number of committees over the years proposing changes to strata property law, including the BC Law Institute's committee that recommended changes to the Strata Property Act that allows for more the flexible rules facilitating windups.
MARK LEWIS - Partner, Bennett Jones
Mark Lewis is a partner at Bennett Jones. He practises in the areas of real estate development, commercial lending and commercial real estate leasing, with an emphasis on residential, commercial and resort developments, and commercial financing transactions. Having worked on numerous projects for developers and lenders, Mark has extensive experience in the following areas: structuring co-ownership, joint venture, limited partnership and limited liability partnership relationships for real estate development projects; representing institutional lenders in real estate financing transactions; representing private capital lenders in connection with mezzanine, equity and profit participation loans; representing surety companies in deposit protection insurance transactions; representing both landlords and tenants in commercial, retail and industrial leasing transactions and advising clients with respect to zoning, bylaw and other real estate regulatory compliance matters. He has been a UDI Board member, and has chaired UDI's Legal Issues Committee, since 2012.
