Renovated Kelowna Property Could Be Subject To Tax Foreclosure If 574 000 Bill Not Paid Kelowna News

A property on which the city of Kelowna spent more than half a million dollars in remediation work could go to tax sale if the owner doesn’t pay up. The property at 2045 Loseth Road was purchased by Linten Developments Ltd. in 2017. The Calgary-based company’s owner, Linguo (Frank) Zhang, planned to build 35 townhouses on the property, despite having no prior real estate development experience. However, stability issues at the property caused trouble for Zhang, and the city was forced to step in in early 2019, imposing a “remedial action requirement” on Linten to fix the problems. Despite the city’s safety concerns, Zhang took no action to fix the problems, resulting in the city taking matters into its own hands in the spring and summer of 2019 and leaving Linten with a bill of 574,121, 45 dollars. But as of September 1st, that bill has not been paid. Linten recently lost a civil lawsuit against Kirschner Mountain Estates and Three Forks Sand & Gravel, the previous owners of the property. Linten had claimed that the previous owners were aware of the issues and breached their contract by failing to properly inform Linten. But in the end, Justice Alison Beames ruled that Linten could not prove he suffered damages as a result, and dismissed Linten’s claims. Linten has not developed the property and has taken no steps to sell it. City of Kelowna Risk Manager Lance Kayfish says the city is awaiting the conclusion of the civil action and the property will now be sold if the outstanding bill is not paid by September 26. The city holds an annual tax sale auction for properties that have unpaid taxes or other liens against them. If a property is sold at the tax sale, the owner has one year to pay the outstanding charges before the sale is finalized. “We are optimistic that Linten will pay the charges against the property before then,” Kayfish said. “I think it’s worth noting that the owner knew, right from the initial report where the hazardous condition remediation order was given on this property, that this was going to be the process. the work would be done if they did not complete it themselves and the charges would apply to the property tax roll. “And if those charges weren’t paid in a timely manner, the result would be that the property would go into tax sale.” If a property is sold through the tax sale, the city will receive what it is owed, and any funds left over from the sale will go to the former owner of the property. “It’s very unusual for properties to be sold at a tax sale,” Kayfish said. “It’s more common for landlords to pay the outstanding charges and keep the property. And sometimes that doesn’t happen until before the tax sale.” Kayfish says the city has been in communication with Linten through this process.

title: “Renovated Kelowna Property Could Be Subject To Tax Foreclosure If 574 000 Bill Not Paid Kelowna News Klmat” ShowToc: true date: “2022-12-03” author: “Janice Ruelas”

A property on which the city of Kelowna spent more than half a million dollars in remediation work could go to tax sale if the owner doesn’t pay up. The property at 2045 Loseth Road was purchased by Linten Developments Ltd. in 2017. The Calgary-based company’s owner, Linguo (Frank) Zhang, planned to build 35 townhouses on the property, despite having no prior real estate development experience. However, stability issues at the property caused trouble for Zhang, and the city was forced to step in in early 2019, imposing a “remedial action requirement” on Linten to fix the problems. Despite the city’s safety concerns, Zhang took no action to fix the problems, resulting in the city taking matters into its own hands in the spring and summer of 2019 and leaving Linten with a bill of 574,121, 45 dollars. But as of September 1st, that bill has not been paid. Linten recently lost a civil lawsuit against Kirschner Mountain Estates and Three Forks Sand & Gravel, the previous owners of the property. Linten had claimed that the previous owners were aware of the issues and breached their contract by failing to properly inform Linten. But in the end, Justice Alison Beames ruled that Linten could not prove he suffered damages as a result, and dismissed Linten’s claims. Linten has not developed the property and has taken no steps to sell it. City of Kelowna Risk Manager Lance Kayfish says the city is awaiting the conclusion of the civil action and the property will now be sold if the outstanding bill is not paid by September 26. The city holds an annual tax sale auction for properties that have unpaid taxes or other liens against them. If a property is sold at the tax sale, the owner has one year to pay the outstanding charges before the sale is finalized. “We are optimistic that Linten will pay the charges against the property before then,” Kayfish said. “I think it’s worth noting that the owner knew, right from the initial report where the hazardous condition remediation order was given on this property, that this was going to be the process. the work would be done if they did not complete it themselves and the charges would apply to the property tax roll. “And if those charges weren’t paid in a timely manner, the result would be that the property would go into tax sale.” If a property is sold through the tax sale, the city will receive what it is owed, and any funds left over from the sale will go to the former owner of the property. “It’s very unusual for properties to be sold at a tax sale,” Kayfish said. “It’s more common for landlords to pay the outstanding charges and keep the property. And sometimes that doesn’t happen until before the tax sale.” Kayfish says the city has been in communication with Linten through this process.

title: “Renovated Kelowna Property Could Be Subject To Tax Foreclosure If 574 000 Bill Not Paid Kelowna News Klmat” ShowToc: true date: “2022-11-04” author: “Teresa Johnson”

A property on which the city of Kelowna spent more than half a million dollars in remediation work could go to tax sale if the owner doesn’t pay up. The property at 2045 Loseth Road was purchased by Linten Developments Ltd. in 2017. The Calgary-based company’s owner, Linguo (Frank) Zhang, planned to build 35 townhouses on the property, despite having no prior real estate development experience. However, stability issues at the property caused trouble for Zhang, and the city was forced to step in in early 2019, imposing a “remedial action requirement” on Linten to fix the problems. Despite the city’s safety concerns, Zhang took no action to fix the problems, resulting in the city taking matters into its own hands in the spring and summer of 2019 and leaving Linten with a bill of 574,121, 45 dollars. But as of September 1st, that bill has not been paid. Linten recently lost a civil lawsuit against Kirschner Mountain Estates and Three Forks Sand & Gravel, the previous owners of the property. Linten had claimed that the previous owners were aware of the issues and breached their contract by failing to properly inform Linten. But in the end, Justice Alison Beames ruled that Linten could not prove he suffered damages as a result, and dismissed Linten’s claims. Linten has not developed the property and has taken no steps to sell it. City of Kelowna Risk Manager Lance Kayfish says the city is awaiting the conclusion of the civil action and the property will now be sold if the outstanding bill is not paid by September 26. The city holds an annual tax sale auction for properties that have unpaid taxes or other liens against them. If a property is sold at the tax sale, the owner has one year to pay the outstanding charges before the sale is finalized. “We are optimistic that Linten will pay the charges against the property before then,” Kayfish said. “I think it’s worth noting that the owner knew, right from the initial report where the hazardous condition remediation order was given on this property, that this was going to be the process. the work would be done if they did not complete it themselves and the charges would apply to the property tax roll. “And if those charges weren’t paid in a timely manner, the result would be that the property would go into tax sale.” If a property is sold through the tax sale, the city will receive what it is owed, and any funds left over from the sale will go to the former owner of the property. “It’s very unusual for properties to be sold at a tax sale,” Kayfish said. “It’s more common for landlords to pay the outstanding charges and keep the property. And sometimes that doesn’t happen until before the tax sale.” Kayfish says the city has been in communication with Linten through this process.

title: “Renovated Kelowna Property Could Be Subject To Tax Foreclosure If 574 000 Bill Not Paid Kelowna News Klmat” ShowToc: true date: “2022-12-10” author: “Mary Humble”

A property on which the city of Kelowna spent more than half a million dollars in remediation work could go to tax sale if the owner doesn’t pay up. The property at 2045 Loseth Road was purchased by Linten Developments Ltd. in 2017. The Calgary-based company’s owner, Linguo (Frank) Zhang, planned to build 35 townhouses on the property, despite having no prior real estate development experience. However, stability issues at the property caused trouble for Zhang, and the city was forced to step in in early 2019, imposing a “remedial action requirement” on Linten to fix the problems. Despite the city’s safety concerns, Zhang took no action to fix the problems, resulting in the city taking matters into its own hands in the spring and summer of 2019 and leaving Linten with a bill of 574,121, 45 dollars. But as of September 1st, that bill has not been paid. Linten recently lost a civil lawsuit against Kirschner Mountain Estates and Three Forks Sand & Gravel, the previous owners of the property. Linten had claimed that the previous owners were aware of the issues and breached their contract by failing to properly inform Linten. But in the end, Justice Alison Beames ruled that Linten could not prove he suffered damages as a result, and dismissed Linten’s claims. Linten has not developed the property and has taken no steps to sell it. City of Kelowna Risk Manager Lance Kayfish says the city is awaiting the conclusion of the civil action and the property will now be sold if the outstanding bill is not paid by September 26. The city holds an annual tax sale auction for properties that have unpaid taxes or other liens against them. If a property is sold at the tax sale, the owner has one year to pay the outstanding charges before the sale is finalized. “We are optimistic that Linten will pay the charges against the property before then,” Kayfish said. “I think it’s worth noting that the owner knew, right from the initial report where the hazardous condition remediation order was given on this property, that this was going to be the process. the work would be done if they did not complete it themselves and the charges would apply to the property tax roll. “And if those charges weren’t paid in a timely manner, the result would be that the property would go into tax sale.” If a property is sold through the tax sale, the city will receive what it is owed, and any funds left over from the sale will go to the former owner of the property. “It’s very unusual for properties to be sold at a tax sale,” Kayfish said. “It’s more common for landlords to pay the outstanding charges and keep the property. And sometimes that doesn’t happen until before the tax sale.” Kayfish says the city has been in communication with Linten through this process.