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HomeMy WebLinkAboutKIN 87 001 Rate Bylaw-Shoreline . . THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW NO. 87-1 A BY-LAW IMPOSING SPECIAL ANNUAL RATES UPON LAND IN RESPECT OF WHICH MONEY IS BORROWED UNDER THE SHORELINE PROPERTY ASSISTANCE ACT, 1973. WHEREAS owners of land in the municipality have applied to the Council of the Corporation under The Shoreline Property Assistance Act, 1973, for loans for the purpose of constructing works or making building repairs on such land: AND WHEREAS the Council has upon their application lent the owners the total sum of $17,700.00 to be repaid with interest by means of rates hereinafter imposed. THE COUNCIL, pursuant to The Shoreline Property Assistance Act, 1973, ENACTS as follows: 1. The annual rates as set out in the Schedule attached hereto are, subject to the provisions of this by-law, hereby imposed upon such land as described for such period as is prescribed by the regulations under the Act, such rates to be levied and collected in the same manner as taxes. 2. Where an owner obtains a discharge of indebtedness pursuant to section 11 of the said Act in respect of land described in the attached Schedule: (a) no annual rate shall thereafter be imposed upon such land: and (b) the attached Schedule may be amended from time to time by deleting the entries relating to such land. 3. A certified true copy of this by-law shall be registered in the Land Registry Office. READ a FIRST AND SECOND TIME this 8th day of January, 1987. ~~~v~ Mayor Deputy Clerk READ a THIRD TIME and FINALLY PASSED this 8th day of January, 1987. ~~~ . . . . ~.-------- eputy- C~i-k-- ---\ - - . _.._.-.--~.,~. .,- . . . . ...... ... . '- "-...- . "0 Q) Q) ~'" ...... 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OO'\....-IN 1"""IMOll"l Z =-:~<z <'*100::':: UN::'::Z ....:IN....:IZ THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW NO. 87-1 . Debenture Schedule DEBENTURE NO. 2 - $ 17,700 principal Annual Year Outstanding PaYllent principal Interest SHEILDS - $9,700 1988 $ 9,030.41 $ 1,445.59 $ 669.59 $ 776.00 1989 8,307.25 1,445.59 723.16 722.43 1990 7,526.24 1,445.59 781.01 664.58 1991 6,682.74 1,445.59 843.50 602.09 1992 5,771.76 1,445.59 910.98 534.61 1993 4,787.91 1,445.59 983.85 461.74 1994 3,725.35 1,445.59 1,062.56 383.03 1995 2,577.78 1,445.59 1,147.57 298.02 1996 1,338.41 1,445.59 1,239.37 206.22 1997 1,445.59 1,338.41 107.18 14,455.90 9,700.00 4,755.90 QUEEN - $3,900 1988 3,630.79 581. 21 269.21 312.00 1989 3,340.04 581.21 290.75 290.46 1990 3,026.03 581. 21 314.01 267.20 1991 2,686.90 581.21 339.13 242.08 1992 2,320.64 581. 21 366.26 214.95 1993 1,925.08 581.21 395.56 185.65 1994 1,497.87 581.21 427.21 154.00 1995 1,036.48 581.21 461.39 119.82 1996 538.18 581. 21 498.30 82.91 1997 581.21 538.18 43.03 5,812.10 3,900.00 1,912.10 HOFFMAN - $800 1988 744.78 119.22 55.22 64.00 1989 685.14 119.22 59.64 59.58 1990 620.73 119.22 64.41 54.81 1991 551.16 119.22 69.57 49.65 1992 476.03 119.22 75.13 44.09 1993 394.89 119.22 81.14 38.08 1994 307.26 119.22 87.63 31. 59 1995 212.62 119.22 94.64 24.58 1996 110.40 119.22 102.22 17.00 1997 119.22 110.40 8.82 1,192.20 800.00 392.20 .. continued... , ,,-. . . ~. Year THE CORPORATION OF THE TOWN OF KINCARDINE Principal Outstanding BY-LAW NO. 87-1 Debenture Schedule - Page 2 DEBENTURE NO.2 - $17,700 Annual Payment Principal Interest ANDERSON - $3,300 1988 $ 3,072.20 $ 491.80 $ 227.80 $ 264.00 1989 2,826.17 491.80 246.03 245.77 1990 2,560.46 491.80 265.71 226.09 1991 2,273.49 491.80 286.97 204.83 1992 1,963.56 491.80 309.93 181.87 1993 1,628.84 491.80 334.72 157.08 1994 1,267.34 491.80 361. 50 130.30 1995 876.92 491.80 390.42 101. 38 1996 455.27 491.80 421. 65 70.15 1997 491.80 455.27 36.53 4,918.00 3,300.00 1,618.00 $26,378.20 $17,700.00 $8,678.20