Alberta · Receivership (court-appointed)
Affidavit of Cory Stark
Affidavit · 15 August 2025
What we verified from this filing4 verified
- secured creditorsnote: "107 Street Tax Debt"; Lands scheduled for tax sale by City of Edmonton in October 2025 if unpaid. · page: 6 · as of: 2025-07-10 · amount: 593796.26 · debtor: 107 Street Limited Partnership / 107 Street Lands · creditor: City of Edmonton (municipal property taxes) · currency: CAD · security: Municipal property tax arrears constituting a charge on the 107 Street Lands
- secured creditorsnote: "Azure Tax Debt"; Lands scheduled for tax sale by City of Edmonton in October 2025 if unpaid. · page: 6 · as of: 2025-07-10 · amount: 325235.38 · debtor: Azure Limited Partnership / Azure Lands · creditor: City of Edmonton (municipal property taxes) · currency: CAD · security: Municipal property tax arrears constituting a charge on the Azure Lands
- secured creditorsnote: "Cascadia Tax Debt"; Lands scheduled for tax sale by City of Edmonton in October 2025 if unpaid. · page: 6 · as of: 2025-07-10 · amount: 774938.8 · debtor: Cascadia Limited Partnership / Cascadia Lands · creditor: City of Edmonton (municipal property taxes) · currency: CAD · security: Municipal property tax arrears constituting a charge on the Cascadia Lands
- secured creditorsnote: Under the Loan, $12,236,709.71 owing plus separately a cost account of $36,250.27, both as at July 18, 2025 (Exhibit BB); interest continues to accrue at 7.45% per annum. Loan matured May 15, 2025 and demand issued May 16, 2025. Secured also by Full Liability Guarantees dated Jan 8, 2019 from GSRI Ltd. (related corporate guarantor) and George Schluessel (personal guarantee - individual director/shareholder of the Borrower entities). · as of: 2025-07-18 · amount: 12236709.71 · debtor: Luxor Land Ltd. and Mesa West Capital Corp. (the "Borrower") · creditor: National Bank of Canada · currency: CAD · security: Mortgage dated Jan 8, 2019 (instrument no. 192 019 916) over the Lands; General Security Agreement dated Jan 8, 2019 over all present and after-acquired real and personal property; General Assignment of Rents and Leases (Caveat instrument no. 192 019 917); Demand Note dated Jan 15, 2019; PPSA financing statement registered June 27, 2018 (Reg. No. 18122708633) covering all present and after-acquired property of the Borrower at the Lands