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The city’s goodwill toward the owner of a dilapidated building at the corner of Bank and Somerset streets appears to be running out.

As he pledged to do last month, Ottawa Mayor Jim Watson will ask the finance committee next week to stop waiving encroachment fees for TKS Holdings, which owns Somerset House.

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The company has already been spared more than $43,000 for putting up hoarding on the city-owned sidewalk in front of 352 Somerset St. West. The three-storey building suffered a partial collapse seven years ago that forced the city to brace and stabilize it.

The building has remained in that condition ever since, while the city and TKS fought in court (the city was awarded costs in that action).

Council has twice approved the suspension of encroachment fees at the property in anticipation of work commencing, yet nothing has been done at the site, despite promises from TKS’ owner Tony Shahrasebi that reconstruction efforts are imminent.