Newspaper article The Canadian Press

City of Prince Albert Pays Domtar $5.1 Million over Tax Assessment Dispute

Newspaper article The Canadian Press

City of Prince Albert Pays Domtar $5.1 Million over Tax Assessment Dispute

Article excerpt

Prince Albert pays Domtar $5.1 million

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PRINCE ALBERT, Sask. - City council in Prince Albert, Sask., has authorized a $5.1-million settlement with Domtar in a tax dispute over the valuation of a pulp mill Domtar purchased from Weyerhaeuser in 2006.

Domtar had argued the assessment of its property was too high for 2009 and 2010 and requested a refund.

In a news release, the city said the settlement was negotiated by its legal team and formally approved by the two school boards involved and approved by city council on Monday night.

The city will have to pay $2.85 million; the Sask. Rivers Public School Division will pay $1.58 million; and the Prince Albert Catholic School Division will pay $678,403.

The pulp mill has since been closed. …

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