HomeMy WebLinkAboutKIN 85 4689 Impose Annual Rts
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THE CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW 4689
BEING A BY-LAW TO IMPOSE 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 $10,500.00 to be repaid
with interest by means of rates here~n 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) 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 3rd day of October, 1985.
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Mayor .~lerk
Read a THIRD time and FINALLY PASSED this 7th day of November
1985.
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Mayor ~Clerk