Embee Diamonds building to be sold after failure to pay back taxes
Prince Albert city council is moving forward with the sale of 1203 Central Ave.
The city acquired the property under the Tax Title Enforcement Act on Feb. 10, 2017. According to a report released by city administration, MFN & MB Holdings Inc., the parent company of Embee Diamond Technologies and previous minority owner of 1203 Central Ave., failed to pay $176,046 in taxes to date.
Ward 3 councillor Evert Botha is chief operating officer of Embee Diamonds and made a brief statement on behalf of the company after Monday’s meeting of council.
“We are working with our stakeholders and our partners, the majority partners in the property, and the bank, to find a speedy resolve which will see the property taxes squared up,” he said.