HomeMy WebLinkAboutKIN 86 4769 Shoreline Property
THE CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW NO. 4769
.
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 $18,300. to be repaid
with interest by means of rates herein after 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)
time
such
the attached Schedule may be amended from
to time by deleting the entries relating to
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 16th day of October, 1986.
~~~---------~
READ a THIRD TIME and FINALLY PASSED this 16th day of
October , 1986.
- -
~~~9·
Mayor - ~,erI<. "/
-.._.-
.
U1
0 '1j N
........., QI
cØ I/J I"-
::I QI QI 0 N
I:: "".0 """ l"-
I:: cØ Ei .
<0:: ...... N
'1j
QI
I::
cØ
0
,..:¡ 0
QI 0
. .0 ""
0 00
M
..., -
~
en '-'>
00
'"
M
QI
..., '-'>
cØ M
0 I::
cØ 1-0
'1j0 QI
QI"':¡ .0
I/J 0
Ol¡.. . .J
"""0 <J
0 0
1-0
p..,
W M
Z '-'>
......
0 "'I::
0:: McØ
< ......
U '1jp..,
Z '1j I::
...... I:: cØ ft
::<: cØ 00
,..:¡ -<tN
¡.. '" M QI
0 '-'> l¡.. ""1::
r-- :.: 0 ...,0.....
Z -<t 0"':¡'1j
:3 I:: ,..:¡ 1-0
0 W 0 . cØ
E-< 0 ,..:¡ ..... ft"" <J
Z :::> ..., ""p..,I::
W """ M .....
:I: ~ 0 ..... ft::<:
E-< W 1-0 ...,r--
,..:¡ :I: <J O-<tl¡..
¡.. I U I/J ,..:¡""O
0 ;>< en QI
~ 0 ""I::~
Z 1-0 cØ
0 cØ...... 0
...... p..,p..,E-<
E-<
~
0
p..,
I><:
0
U
1-0
QI
~
0
l¡..
0
I/J
I/J . 0
QI ...,.....
1-0 I:: en 1-0
'1j ..... cØ
'1j bDl-o""
< bDQlI::
...........0
'1j 1><:......
I:: ::I ftOO
cØ I/J¡" I::p..,
..... O-<t
. QI 1::'-'>'1j
Ei I::-<tl::;><
cØ QlN 0'"
Z OM"':¡Z
BY-LAW NO. 4769
Debenture Schedule
Dennis Riggin - Debenture No. 01 - $18,300
. PRINCIPAL ANNUAL
YEAR OUTSTANDING PAYMENT PRINCIPAL INTEREST
End of $ $ $ $
1987 17,036.75 2,727.25 1,263.25 1,464.00
1988 15,672.44 2,727.25 1,364.31 1,362.94
1989 14,198.98 2,727.25 1,473.46 1,253.79
1990 12,607.64 2,727.25 1,591. 34 1,135.91
1991 10,889.00 2,727.25 1,718.64 1,008.61
1992 9,032.87 2,727.25 1,856.13 871.12
1993 7,028.24 2,727.25 2,004.63 722.62
1994 4,863.24 2,727.25 2,165.00 562.25
1995 2,525.04 2,727.25 2,338.20 389.05
1996 Nil 2,727.25 2,525.04 202.21
27,272.50 18,300.00 8,972.50
.