Alberta · Receivership (court-appointed)
3. Third Report of the Inspector
Court officer report · 2 June 2010
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified · 1 withheld
- cash on handnote: Net funds on hand shown in Schedule of Receipts and Disbursements · amount: 1346 · currency: CAD
- operational summaryCDI has been attempting to obtain development and building permits from the Regional Municipality of Wood Buffalo for the Fort McMurray Project, has exhausted funds from the Airdrie Land sale, discontinued servicing the Sterling Mortgage, and is now considering a joint venture arrangement with other developers to finance and develop the project.
- professional feesnote: Additional related fees also disbursed: Inspector's legal fees $250,750, Brownlee $272,993, Scott Hall LLP $43,398, Graham Price $10,000, Other counsel $7,500, plus GST $43,909 · party: Carling Inspector (Ernst & Young Inc.) · amount: 237131 · currency: CAD
- receipts cumulativenote: Comprised of Sale of Airdrie Land $2,165,890 and Interest income $4,030 · since: Sale of Airdrie Land / Settlement Agreement · amount: 2169920 · currency: CAD
- report date2 June 2010
- report noThird Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.