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HomeMy WebLinkAboutKIN 93 004 Slope Stablity Cost . . THE CORPORATION OF THE TOWN OF KINCARDINE . . BY-LAW BY-LAW NO. 1993-4 A BY-LAW TO AUTHORIZE THE FINANCING OF A PORTION OF THE COSTS ASSOCIATED THE UNDERTAKING OF A SLOPE STABILITY PROJECT BY THE SAUGEEN VALLEY CONSERVATION AUTHORITY ON THE PENETANGORE RIVER SLOPE WEST OF QUEEN STREET AND SOUTH OF BARBOUR STREET AT AN ESTIMATED COST OF $3,850,000. WHEREAS The Corporation of the Town of Kincardine has requested the Saugeen Valley Conservation Authority to undertake a slope stability study in the Town of Kincardine; AND WHEREAS the Saugeen Valley Conservation Authority retained Golder Associates (Eastern Canada) Ltd. who prepared a report entitled "Slope Stability and Erosion Control Study" in July 1987, which stated that "This may result in sudden and dramatic loss of ground with little or no prior warning." and "Existing structures or facilities located immediately adjacent to presently unstable slopes are considered to be at imminent risk."; AND WHEREAS the Saugeen Valley Conservation Authority further retained D. H. Braun Consulting Engineers Ltd. to undertake and prepare the Environmental Study Report and the Preliminary Engineering Study for the Penetangore River Slope Stabilization Project which were completed in 1990 and April, 1989 respectively; AND WHEREAS Subsection 26(6) of the Conservation Authorities Act, R.S.O. 1990, c.C.27 permits municipalities to charge the municipality's costs against the rateable property in that part of the municipality. AND WHEREAS The Corporation of the Town of Kincardine wishes to proceed with this project and to apportion the municipal costs of the project between The Corporation of the Town of Kincardine and the benefiting property owners; NOW THEREFORE the Council for The Corporation of the Town of Kincardine ENACTS as follows: The penetangore River Slope Stabilization project (hereinafter called the "Project") shall be constructed under the provisions of the Conservation Authorities Act, R.S.O. 1990, c.C.27. 2. That the Saugeen Valley Conservation Authority are hereby requested to call tenders for the Project once confirmation is received from the Ministry of Natural Resources that a capital grant has been allocated at the rate of 85%. 1. . .2 Slope Stability Cost Apportionment By-Law Page 2 3. That the Saugeen Valley Conservation Authority, the mayor and clerk are authorized to cause a contract for the completion of the project to be made and entered into with some person or persons, firm or corporation, subject to the approval of this Council, to be declared by by-law. . 4. That The Corporation of the Town of Kincardine will cover 90% of the balance of the costs after deduction of the grant from the Ministry of Natural Resources. 5. That the rateable property owners outlined on Schedule "A" to this by-law shall pay 10% of the balance of the costs after deduction of the grant from the Ministry of Natural Resources. 6. That the special assessment for works completed shall be paid by rateable property owners either by ten annual installments with an applicable interest rate established by the Council of The corporation of the Town of Kincardine factored into each installment or by one lump sum payment due on the final tax billing date of the year in which the project commences. 7. Any debenture to be issued for a loan to be effected to pay for the cost of the project when completed, shall bear interest at such a rate as the Council The Corporation of the Town of Kincardine shall determine and be made payable within ten years. 8. That the lands fronting on the said project are hereby declared to be an area and ten (10) percent of the municipal share of the cost of the work, including debenture charges and the cost of management of the work, shall be assessed upon the lands fronting or abutting directly on the work and any debenture By-Law shall provide accordingly. 9. This By-Law shall come into full force and effect upon the approval of the Minister of Natural Resources. 10. This by-law may be cited as the "penetangore River Slope Stability Cost Apportionment By-Law". READ a FIRST and SECOND time this 17th day of December, 1992. READ a THIRD time and FINALLY PASSED this 7th day of January, 1993. (~~~¿-- . Mayor ~ - BY-LAW NO. 1993-4 SCHEDULE "A" property Estimated Roll No. Address Frontacre Cost 6-03200-0000 708 Queen St. 221.55 $11,323.42 . 6-03000-0000 722 Queen st. 70.80 3,618.59 6-02900-0000 724 Queen st. 17.90 914.87 6-02800-0000 726 Queen st. 56.44 2,884.65 6-02700-0000 728 Queen st. 32.00 1,635.52 6-02600-0000 732 Queen st. 38.00 1,942.18 6-02500-0000 734 Queen st. 44.50 2,274.39 6-02400-0000 Lot 8, WIS Queen 22.00 1,124.42 6-02200-0000 740 Queen st. 52.00 2,657.72 6-02000-0000 746 Queen st. 30.00 1,533.30 6-01900-0000 754 Queen St. 93.50 4,778.78 6-01800-0000 758 Queen st. 20.00 1,022.20 6-01700-0000 760 Queen st. 31. 25 1,597.19 6-01600-0000 286-290 Harbour st. 53.00 2,708.83 6-01500-0000 284 Harbour st. 14.00 715.54 6-01400-0000 Harbour Sls 44.00 2,248.84 6-01300-0000 274 Harbour st. 65.00 3,322.15 6-01200-0000 262 Harbour st. 56.00 2,862.16 6-01100-0000 260 Harbour st. 56.00 2,862.16 6-0l000-0000 232 Harbour St. 56.00 2,862.16 6-00900-0000 232 Harbour st. 56.00 459.99 Total $1.129.94 $ 55.349.06 .