Belong to an equity, or share, housing co-op?

January 12, 2010 - All Day

If so, you may be interested in connecting with the business group, Parkes & Company Ltd., or a similar enterprise.  

According to a note I've received, Parkes & Company specializes in appraising complex commercial properties and property assessment appeals. The note states that the Company won a precedent-setting assessment appeal in July 2009 that "affects every share co-op in the province." 

Quoting further from the note:

"We have proven that the BC Assessment Authority was assessing the Cultus Lake Holiday Park incorrectly. (The ownership and title structure for this holiday park is essentially the same as the way all share co-ops in the province are structured.) There is, therefore, a strong case for appealing the 2010 property assessments for share co-ops. A reduced assessment means lower property taxes. 

"The decision can be found at: 

http://www.assessmentappeal.bc.ca/Search/Decisions.aspx.

"Enter ‘John Parkes' in the ‘Miscellaneous Search Box' to see this decision (July 2009, Michael Monroe) as well as others he has been involved in. The deadline for appealing the 2010 assessments is January 29, 2010. Please contact us at your earliest convenience to discuss this further."

Please note that this item is posted for information only. The BCCA has no direct knowledge of the company or its bona fides, so proceed with prudence, as in any business transaction.

Rick Marcuse  

Category: Business