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HomeMy WebLinkAboutKIN 94 062 Amend No. 94 55 · . · · . THE CORPORATION OF THE TOWN OF KINCARDINE -'_.-.c.... 'I)' . ~-'\ .....'....." " BY-LAW BY-LAW NO. 1994-62 A BY-LAW TO AMEND BY-LAW NO. 1994-55, BEING A BY-LAW TO AUTHORIZE THE SIGNING OF AN AGREEMENT WITH THE CORPORATION OF THE TOWNSHIP OF KINCARDINE TO ADJUST THEIR MUNICIPAL BOUNDARIES AS PROVIDED FOR UNDER THE MUNICIPAL BOUNDARY NEGOTIATIONS ACT. WHEREAS the Council for The corporation of the Town of Kincardine has entered into an Agreement with The Corporation of the Township of Kincardine to adjust their municipal boundaries as provided for under The Municipal Boundary Negotiations Act; AND WHEREAS the Council for The corporation of the Town of Kincardine deems it expedient to affix an additional Schedule to the Agreement; NOW THEREFORE the Council for The Corporation of the Town of Kincardine ENACTS as follows: 1. THAT the attached "Property Tax Impact Report" be hereby denoted as "Appendix B" to the Annexation Agreement and be hereby attached to the Agreement as "Appendix B". 2 . THAT the mayor and clerk be and are hereby authorized and directed on behalf of the Corporation to affix their initials to the said "Appendix B" which will form part of the Annexation Agreement. 3 . This its upon by-law shall come into full force and effect final passage. 4. This by-law may be cited as the "Kincardine Township Annexation Agreement Amendment By-law". READ a FIRST and SECOND time this 6th day of October, 1994. READ a THIRD time and FINALLY PASSED this 6th day of October, 1994. .~~ Mayor APPENDIX "B" By-law No. 1994-55 and By-Law No. 1994- · THE CORPORATION OF THE TOWN OF KINCARDINE THE CORPORATION OF THE TOWNSHIP OF KINCARDINE BOUNDARY ADJUSTMENT · PROPERTY TAX IMPACT · September 27, 1994 . · · · . 2. 4. TABLE OF CONTENTS 1. pacre properties Affected by Boundary Adjustment.... 1 1994 Mill Rates - Town and Township ......... . 2 3. Tax Comparison - Town and Township ........... 3 Tax Impact Proposal.......................... 5 Page 1 PROPERTIES AFFECTED BY BOUNDARY ADJUSTMENT · IN THE TOWNSHIP OF KINCARDINE 1994 Roll No. Name and ProDertv Assessment $ 1-09100-0000 Ontario Hydro (P.LL. ) CP 1,831 1 SDR Pt 1 1-09100-0001 ontario Hydro (P.LL. ) BP 1,095 1 SDR Pt 1 1-09200-0000 Canadian Agra RP 6,908 Part 1 1-09400-0000 stewart, Kevin RP 42,389 Parts 2 and 3 1-09401-0000 Milne, D. RP 29,516 Part 2 · 1-09500-0000 Farrell, E. RP 19,468 Part 4 1-09501-0000 Ball/Donahue RS 25,120 Part 4 1-04300-0000 592068 ontario Ltd. RP 26,689 Robson, R. Parts 1 and 2 1-04405-0000 Scharfenberg/Mohindra RP 6,280 Part 3 1-04500-0000 Goar, C. RP 18,839 Part 4 1-00100-0000 Sanna1yn Developments RP 83,146 Parts 1, 2 and 3 Sannalyn Developments CP 14,362 Sannalyn Developments CS 1,086 Sannalyn Developments BP 4,305 · 1-00100-0003 Rogers cantel BS 325 Parts 1 and 2 1-00101-0000 Kincardine Vet Management CP 71,232 1-00101-0001 Thompson, R. BP 35,615 1-00200-0000 R. G. & G. Farms RP 22,607 · · · · · Page 2 1994 MILL RATES Town of Township of Municipal Portion Kincardine Kincardine Residential Public 25.391 12.692 Residential separate 25.391 12.692 commercial Public 29.871 14.932 Commercial Separate 29.871 14.932 Business Public 29.871 14.932 Business separate 29.871 14.932 . ,...-..- . . Page 3 1994 TAX COMPARISON - MUNICIPAL PORTION ONLY 1994 Taxes 1994 Taxes Tax Name Pro rtv Townshi Town Increase $ $ $ Ontario Hydro (P.I.L. 27.34 54.69 27.35 1 SDR pt 1 Ontario Hydro (P.I.L. 16.35 32.70 16.35 1 SDR pt 1 Canadian Agra 87.68 175.40 87.72 Part 1 Stewart, Kevin 538.00 1,076.29 538.29 Parts 2 and 3 Milne, D. 374.62 749.44 374.82 Part 2 Farrell, E. 247.09 494.31 247.22 Part 4 Ball/Donahue 318.82 637.82 319.00 Part 4 592068 Ontario Ltd. 338.74 677.66 338.92 Robson, R. Parts 1 and 2 Scharfenberg/Mohindra 79.71 159.45 79.74 Part 3 Goar, C. 239.10 478.34 239.24 Part 4 Sannalyn Developments 1,055.29 2,111.16 1,055.87 Parts 1, 2 and 3 Sannalyn Developments 214.45 429.00 214.55 Sannalyn Developments 16.22 32.43 16.21 Sannalyn Developments 64.28 128.59 64.31 Roll No. 1-09100-0000 1-09100-0001 1-09200-0000 1-09400-0000 1-09401-0000 1-09500-0000 1-09501-0000 1-04300-0000 1-04405-0000 1-04500-0000 1-00100-0000 . .- Tax Increase $ 4.85 1,064.13 532.05 287.08 5,507.70 . . Page 4 1994 TAX COMPARISON . MUNICIPAL PORTION ONLY (continued) 1994 Taxes 1994 Taxes and Propertv Township Town $ $ Rogers Cantel 4.85 9.70 Parts 1 and 2 Kincardine Vet Management 1,063.64 2,127.77 Thompson, R. 531. 80 1,063.85 R. G. & G. Farms 286.93 574.01 5,504.91 11, 012.61 Roll No. 1-00100-0003 1-00101-0000 1-00101-0001 1-00200-0000 (e Page 5 TAX IMPACT PROPOSAL · Due to the substantial tax impact to the ratepayers currently located within the Township of Kincardine and who will, fOllowing the boundary adjustment, be located within the Town of Kincardine, a grant will be given to those ratepayers which will mitigate the tax adjustment over a ten-year period. This will apply to taxable property only, and will not include properties subject to a grant-in-lieu of taxation (i.e. government-owned property). Based on the 1994 difference between the Town and Township's 1994 municipal portion of tax, the affected property owners will receive the following grants: % Grant Total Year of 1994 Difference Grant $ 1995 90% 4,917.51 · 1996 80% 4,371.14 1997 70% 3,824.72 1998 60% 3,278.35 1999 50% 2,731.96 2000 40% 2,185.53 2001 30% 1,639.13 2002 20% 1,092.74 2003 10% 546.34 Each property owner may calculate his own grant by multiplying the figure in the last column on pages 3 and 4 of this report by the percentage figure for each year's grant. · ·