Common Council voting unanimously in favour of looking into the 2005 property tax deal for Irving Oil to build the LNG terminal at Canaport.
Councillors also want to know whether or not the province knew about the 22.5 million dollars a year revenue the company is earning each year from the L-N-G terminal.
Councillor Gerry Lowe says Saint Johnners deserve to know the truth. Councillor Shirley McAlary says there doesn’t appear to be a lot of information except for a document from Enterprise Saint John.
Councillor Bill Farren, who was on Council in 2005, says they only had about an hour to decide after finding out about the proposed tax concession in closed session and then voting later in open session.
Irving Oil pays only 500 thousand dollar property tax a year which, without the deal, would be more like 8 million.
The 25 year tax deal was agreed upon in 2005 by Common Council and the provincial government headed by then Premier Bernard Lord.
