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Motion for disclosure of manufacturing costs and equipment data granted to assess functional obsolescence.
The City of Guelph brought a motion for disclosure in an ongoing property assessment appeal concerning a Magna manufacturing facility.
The City sought detailed financial and operational data, including manufacturing costs and equipment replacement costs, to assess functional obsolescence using the cost approach.
Magna opposed the motion, arguing the requests were disproportionate and irrelevant as it was not using a full model plant methodology.
The Assessment Review Board granted the motion, finding the requested information relevant to the dispute over functional obsolescence and proportional to the significant valuation impact, ordering disclosure subject to confidentiality undertakings.
No co-appearing lawyers found.
No judges found.
