TORONTO, Oct. 23, 2014 /CNW/ - City of Vaughan councillors, Michael Di Biase and Gino Rosati, are facing conflict of interest allegations in a $2.5 million suit filed in Ontario court by Di Poce Management Limited.
The suit alleges they are in a conflict of interest for deliberately delaying final zoning approvals of the lands owned by the company on the west side of highway 27, south of Rutherford Road in Vaughan.
Despite the rezoning being supported by City of Vaughan staff, the two councillors continued to vote against it. They falsely cited ratepayer concerns, even though the registered ratepayer group filed a letter of support and appeared before council in support of the rezoning and the project.
With both city staff and ratepayers onside, it is fair to ask why Di Biase and Rosati kept voting against.
The suit alleges the motive of Di Biase and Rosati in stalling approvals was to cause financial harm to Di Poce Management, and advance the interests of other developers who are competitors of Di Poce as well as being long-time political and financial backers of the two councillors.
If and when all approvals are in place, FedEx plans to buy the property and construct a 400,000 square foot distribution centre, plans which have now been delayed, putting at risk hundreds of jobs.
A copy of the statement of claim is attached.
SOURCE: Di Poce Management Ltd.
For further information: Jim Maclean, 416 919 4319