City of Markham General Committee Meeting Minutes 2026-05-19
Markham Approves DC Deferral for Flato Hotel Project
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Description
The City of Markham approved a development charge deferral agreement with Flato Lifestyle City Centre Inc. for a 102-room hotel at 2695 Elgin Mills Road East. Charges plus interest will be deferred until first occupancy or May 31, 2028, secured by a Letter of Credit or Pay-on-Demand Surety Bond.
Contract Details
Vendor
FLATO LIFESTYLE CITY CENTRE INC
Agency
City of Markham, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Deferral of development charges until the earlier of first occupancy or May 31, 2028
Renewal Date
2028-05-31
Renewal Info
Section 27 Development Charges Act agreement defers payment until the earlier of first occupancy or May 31, 2028; no automatic renewal beyond that date is indicated.
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