Financing of Sales

Legislative History: Enacted September 19, 2017 (By-law No. CPOL. -175-427); Amended July 24, 2018 (By-law No. CPOL.-175(a)-434)

Last Review Date: July 25, 2023

Service Area Lead: Director, Realty Services

1. Policy Statement

The purpose of this policy is to formalize and clarify practices on financing of sales on City-owned land and/or buildings.

2. Definitions

Not Applicable.

3. Applicability

This policy applies to the financing of sales on City-owned land and/or buildings.

4. The Policy

The City of London shall not entertain requests for the provision of long term financing on the sale of City-owned land and/or buildings as it is not a function of the Municipality to provide mortgage funds.