Millard Properties: Locations and Ownership

[SnooperDuper]

So everything has been liquidated to cash? Every property, vehicle, tool, possession other than DM's personal items? Held in storage perhaps?

Was one of these helicopters the helicopter that DM was still flying right up until his arrest?

<rsbm>

http://t.thestar.com/#/article/news...lice_say.html?referrer=https://www.google.ca/

I'd think that might have some sentimental value if it is. Was it also sold?

4 aircraft still registered to MA, but neither of the above 2 machines:

http://wwwapps.tc.gc.ca/saf-sec-sur...mpRes.aspx?cn=||&mn=||&sn=||&on=MILLARD|&m=||

 

[Kamille]

4 aircraft still registered to MA, but neither of the above 2 machines:

http://wwwapps.tc.gc.ca/saf-sec-sur...mpRes.aspx?cn=||&mn=||&sn=||&on=MILLARD|&m=||

Thanks SnooperDuper. It's actually only 3 on that link. That 1992 Cessna got stuck in there. Easy to miss. Unless I'm looking at it wrong?

So it's one helicopter and two small aircraft? I wonder where they are being stored? Are they listed for sale anywhere? Maybe these three ARE sentimental?

 

[SnooperDuper]

Thanks SnooperDuper. It's actually only 3 on that link. That 1992 Cessna got stuck in there. Easy to miss. Unless I'm looking at it wrong?

So it's one helicopter and two small aircraft? I wonder where they are being stored? Are they listed for sale anywhere? Maybe these three ARE sentimental?

You're right, 3 aircraft. Sorry, cross-eyed.

Without the income properties and hangar, DM now has no means of generating cash other than to sell things. I wonder if the remaining aircraft will not be sold soon too.

 

[SnooperDuper]

It seems those pipers are a bit on the old side (1967, 1974) and the helicopter is even older than that...not a lot of dollars there, maybe $150k per?

http://www.globalplanesearch.com/no.../twin/large_touring/pa_31_navajo.htm?sort=age
http://www.globalplanesearch.com/listing/aircraft-for-sale/Splash/Bell-47G-2/151233

 

[matou]

The helicopter that DM was still flying has a more bubble shape to the front. It's a different one IMO.

 

[SnooperDuper]

The helicopter that DM was still flying has a more bubble shape to the front. It's a different one IMO.

yes both helis in the pics have different call numbers

 

[Arnie M]

So everything has been liquidated to cash? Every property, vehicle, tool, possession other than DM's personal items? Held in storage perhaps?

Was one of these helicopters the helicopter that DM was still flying right up until his arrest?

http://t.thestar.com/#/article/news...lice_say.html?referrer=https://www.google.ca/

I'd think that might have some sentimental value if it is. Was it also sold?

Hi Kamille .... no , they did not own that one , it is a Robinson R22 from a flight school where DM trained , and subsequently flew C-FFFM solo at the age of only 14.

Some years later that same R22 was involved in a midair with a Cessna 170 with fatal injuries to the pilot , the damaged Cessna was able to land in a farm field and the pilot survived.

Below is DM's helicopter , it is a Bell 47G2 ... the other picture on the beach was taken in BC before DM owned it. Depending on overhaul times they sell for $100k to $200k

.


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[swedie]

So everything has been liquidated to cash? Every property, vehicle, tool, possession other than DM's personal items? Held in storage perhaps?

Was one of these helicopters the helicopter that DM was still flying right up until his arrest?

http://t.thestar.com/#/article/news...lice_say.html?referrer=https://www.google.ca/

I'd think that might have some sentimental value if it is. Was it also sold?

So these are two different helicopters then. I never realized that until I saw the two pictures together. Good eye Kamille.

 

[hopingforjustice]

So everything has been liquidated to cash? Every property, vehicle, tool, possession other than DM's personal items? Held in storage perhaps?

Was one of these helicopters the helicopter that DM was still flying right up until his arrest?

http://t.thestar.com/#/article/news...lice_say.html?referrer=https://www.google.ca/

I'd think that might have some sentimental value if it is. Was it also sold?

I am really wondering if he is the sentimental type..??. that would require past reflection and he just does not appear to be that type..
But JMO MOO

 

[Arnie M]

.

The video in this article has a few seconds of DM flying the R22 trainer , a short speech by him , and then a few seconds of his Bell 47 in recent years.

http://www.chch.com/bosmas-truck-found-in-kleinburg/


This CTV video also has a short interview and flying from 1:26 to 1:40

http://www.ctvnews.ca/video?clipId=140029
.

 

[redheart]

You're right, hopingforjustice - he's probably not sentimental, IMO. But he probably likes reminders of his good old glory days of 14. After all, he hasn't really done anything else since.
JMO

 

[Alethea Dice]

The newest articles about Chartright moving into the hangar quote a construction price of $9.5M:



http://kitchener.ctvnews.ca/chartri...ormer-millard-air-hangar-councillor-1.2310027

There might be a gap between cost and market value of the hangar.

Many good points but I don't think WM's estate has been fully settled and DM can't inherit from him (property, insurance) so no doubt they are having to keep the monies in dispute (from WM's death) separate from the moneys DM has in his name free and clear.

It would be bad for DM's case if after all the liquidation, and the separation of the monies/property/insurance DM would have inherited from WM from the pile, if DM had no money. Cost overruns on the hangar could have eaten up a lot.

April 24 to learn more, I guess.

So the hangar went $3.1 million over target? The building permit was for a $6.4 million hangar. I had wondered if the recent articles confused the amount with the $9.1 million that the Region had approved to upgrade the airport for expansion prior to the hangar being built.

In 2010, council approved construction amounting to $9,142,801. This was spent to grade the vacant site in the airport's northwest corner, improve drainage, install utilities and servicing, reconstruct and install pavement and other works.

MillardAir also paid an additional $372,000 as their share in costs of servicing the site.

Millardair further agreed to pay $372,000 as its share of costs to service the site.

In July 2011, the firm secured a building permit for a $6.4 million hangar on two hectares owned by the public.

http://www.therecord.com/news-story/4485947-big-hangar-bold-plan-total-disaster-inside-the-secret-millard-negotiations/

If the $6.4 million hangar ending up costing them $9.5 million, I have a feeling that they won't be getting their investment back.

Interesting to note that Council and/or the airport was trying to get out of the original lease since back in May 2013.

In 2011, council approved a 50-year land lease with Millard Properties for about $19,000 a year, depending on final hangar design. Regional government has refused to release the lease, citing objections from Millard’s lawyer.

http://metronews.ca/news/kitchener/688568/waterloo-region-spent-5-4m-on-millardair/

 

[matou]

Didn't DM do a bunch of structural damage to the hangar via some renos he tried to do?

 

[swedie]

I am really wondering if he is the sentimental type..??. that would require past reflection and he just does not appear to be that type..
But JMO MOO

I wouldn't assume so. If he was sentimental he wouldn't have (allegedly) murdered his father who likely created a lot of fond memories for him and also helped him to obtain his record breaking title. Nor would he have (allegedly) murdered LB who was supposedly a friend who provided him with sexual favours. JMO though.

 

[Arnie M]

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I would be cautious before quoting that CTV article where it says .... "After shelling out a reported $9.5 million"

http://kitchener.ctvnews.ca/chartri...ormer-millard-air-hangar-councillor-1.2310027

Because that article is misleading and has errors ... they make it sound like the hangar is being leased from Waterloo airport for $70 k per year , (compared to the previous $19k)

The Hangar has been sold , not leased.

The airport ground (land) it sits on is all that is being leased (rented). Big difference

Same as the MAir hangars at Pearson , CM & WM owned them , but they did not own the airport land they sat on.

Typically a hangar owner-builder will enter a 50-year or 99-year land rental agreement before he hammers the first nail , he needs the assurance he can remain for a long period of time

As a matter of fact after the original Pearson 50-year lease with CM expired they (airport) notified WM it would not be renewed and that is why he had to tear down the old building and relocate

Places like Waterloo would love the huge new building and investment and typically enter into somewhat of a "sweetheart deal" in order to have the hangar there , thus the reasonable $19k land rent per annum with WM

Cities and towns do things like that on a regular basis to attract industries.

Now that the hangar is being sold , the original lease with WM is no longer in effect , and the new owners must make their own lease before they sign on the dotted line to purchase the building.

And they have made those arrangements with Waterloo and that is the whole scope of the news release , it is a land rent issue , nothing really to do with the hangar itself.

And the revised (higher) rate is more in line with true value , Waterloo Airport does not need to offer a "sweetheart deal" to get the hangar there , it is already there.

 

[cansleuther]

Didn't DM do a bunch of structural damage to the hangar via some renos he tried to do?

Almost, but the contractor stopped him.

In fact, once when Mr. Millard needed some space he took a cutting torch and removed some structural components from the building, the contractor said. “That’s something you don’t do and I told him we have to put it back. And if he was a little more mechanically inclined, he would know that.”

http://www.theglobeandmail.com/news/national/inside-the-life-of-dellen-millard-the-man-charged-with-killing-tim-bosma/article12009016/

 

[SnooperDuper]

.

I would be cautious before quoting that CTV article where it says .... "After shelling out a reported $9.5 million"

http://kitchener.ctvnews.ca/chartri...ormer-millard-air-hangar-councillor-1.2310027

Because that article is misleading and has errors ... they make it sound like the hangar is being leased from Waterloo airport for $70 k per year , (compared to the previous $19k)

The Hangar has been sold , not leased.

The airport ground (land) it sits on is all that is being leased (rented). Big difference

Same as the MAir hangars at Pearson , CM & WM owned them , but they did not own the airport land they sat on.

Typically a hangar owner-builder will enter a 50-year or 99-year land rental agreement before he hammers the first nail , he needs the assurance he can remain for a long period of time

As a matter of fact after the original Pearson 50-year lease with CM expired they (airport) notified WM it would not be renewed and that is why he had to tear down the old building and relocate

Places like Waterloo would love the huge new building and investment and typically enter into somewhat of a "sweetheart deal" in order to have the hangar there , thus the reasonable $19k land rent per annum with WM

Cities and towns do things like that on a regular basis to attract industries.

Now that the hangar is being sold , the original lease with WM is no longer in effect , and the new owners must make their own lease before they sign on the dotted line to purchase the building.

And they have made those arrangements with Waterloo and that is the whole scope of the news release , it is a land rent issue , nothing really to do with the hangar itself.

And the revised (higher) rate is more in line with true value , Waterloo Airport does not need to offer a "sweetheart deal" to get the hangar there , it is already there.

The hangar has been sold AND the lease has been reassigned (still within the original 50 year limit) to the new guys...the lease was amended as of the 1st and the sale goes through the 24th.

The assignment of the lease comes after Millard Properties sold the hangar

http://www.cambridgetimes.ca/news-s...or-former-millard-hangar-at-regional-airport/

 

[Alethea Dice]

The hangar has been sold AND the lease has been reassigned (still within the original 50 year limit) to the new guys...the lease was amended as of the 1st and the sale goes through the 24th.

http://www.cambridgetimes.ca/news-s...or-former-millard-hangar-at-regional-airport/

Yes, I believe that is what Arnie is saying -

"And they have made those arrangements with Waterloo....."

The hangar has been sold and we don't know the selling price.

The land lease has been reassigned to the new owner of the hangar for the remaining 46 years, for approximately $47,000 more than the original $19,000 per year, or in other words, around $66,000 annually.

Toronto-based Penmore Holdings Inc. is taking over the remaining 46 years on the massive Millardair hangar lease at the Region of Waterloo International Airport.

Officials said they were not sure how much revenue the new lease, fuelling and landing fees would bring in, but airport general manager Chris Wood said lease fees are about $47,000 more annually than the $19,000 Millardair was paying.

"It will be increased for sure," Wood said.

http://www.cambridgetimes.ca/news-story/5537088-region-of-waterloo-lands-new-tenant-for-millardair-hangar/

 

[SnooperDuper]

^ yes nailed it

The city is also getting 40 jobs whereas MA had only promised 20.

 

[Alethea Dice]

^ yes nailed it

The city is also getting 40 jobs whereas MA had only promised 20.

So they say - 40 jobs "expected over time". Remains to be seen, I guess.

JMO