Loading...
HomeMy WebLinkAboutKIN 83 4548 Frontge Chrg Refund CORPORATION OF THE TOWN OF KINCARDINE BY-LAW NO. 4548 BEING A BY-LAW TO AMEND THE FRONTAGE RATES CHARGED TO PROPERTY OWNERS as authorized by By-law No. 4310 as amended by By-law No. 4400 and as approved by the Ontario Municipal Board. . WHEREAS the Corporation of the Town of Kincardine has constructed sewage works to the unserviced areas of the municipality; AND WHEREAS the Corporation of the Town of Kincardine has charged a frontage rate calculated on the basis of the budgeted net cost of the project; AND WHEREAS the Corporation of the Town of Kincardine, under By-law No. 4424, has realized an amount from the sale of debentures and from the commutation of charges which is in excess of that required for the work in the amount of One Hundred and Forty-Seven Thousand, One Hundred twenty-three dollars and sixty-five cents ($147,123.65); AND WHEREAS the debentures sold are not redeemable; AND WHEREAS the Corporation of the Town of Kincardine desires to credit the amount received in excess of that required for the work to the properties charged as authorized by By-law No. 4310 as amended by By-law No. 4400; NOW THEREFORE the Council of the Corporation of the Town of Kincardine ENACTS as follows: 1. That By-law No. 4400, being a by-law to amend By-law No. 4310 passed on the 17th day of June, 1982, be and is hereby repealed. That paragraph 7 of By-law No. 4310 be deleted and the following substituted therefore: "7. The sewer rate shall be imposed annually for a period of fifteen (15) years, commencing in 1982 and shall be computed by a combination of the following methods: a) A frontage rate of $ 4.99 per metre per annum on the lands described in paragraph 6 which front on or abut the streets or parts of streets described in Schedule "A" hereto, or connected to sewers constructed thereon. 2. 3. b) An annual mill rate on the assessed value of the lands designated in paragraph 6." That the amount received in excess of that required for the work, being One Hundred and Forty-Seven Thousand, One Hundred twenty-three dollars and sixty-five cents ($147,123.65) be credited to the properties charged under By-law No. 4310 as amended by By-law No. 4400 in accordance with the following procedure: (1) All Properties Assessed Frontage Charges The amount of One Hundred and Forty-Seven Thousand, One Hundred twenty-three dollars and sixty-five cents (147,123.65) shall be credited to those properties assessed front gage charges under By-law No. 4310, as amended by By-law No. 4400, in the same ratio as the individual assessed frontages bear to the total assessed frontages. . ..... .2 (2) . (3) - 2 - By-law 4548 Properties with Frontage Charges Commuted The amount of Sixty-Eight Thousand Five Hundred and Twelve Dollars and seventy-nine cents ($68,512.79) which represents the amount of frontage charges hereby credited to properties where the original frontage charges were cOIT~uted, shall be refunded within thirty days after this by-law is approved by the Ontario Municipal Board and such refunds shall be paid to the person or firm which originally paid the frontage charges. Properties with Frontage Charges Not Commuted (a) The amount of Seventy-eight Thousand six Hundred and ten dollars and eighty-six cents ($78,610.86), which represents the frontage charges hereby credited to properties where the original frontage charges were not commuted, shall be placed in reserves, and one-fifteenth (1/15) shall be transferred to the revenue fund each year for thirteen years beginning in 1984, totalling thirteen-fifteenths (13/15) of the amount to be credited under this subsection. (b) For properties where the frontage charges were not commuted, the amount paid in 1982 and 1983 over and above what would have been paid under the revised frontage rate in this by-law shall be refunded to the registered owners of the properties within thirty days after this by- law is approved by the Ontario Municipal Board. Said refunds shall total two-fifteenths (2/15) of the amount to be credited under subsection 3(3)(a) and shall be paid from the reserves established by that subsection. (c) Properties where the original frontage charges were not commuted shall have their yearly frontage rate reduced to the amount specified by Section 2 of this by-law. That this By-law shall come into force and take effect upon its approval by the Ontario Municipal Board obtained pursuant to Section 64 of the Ontario Municipal Board Act, R.S.O. 1980, Chapter 347. READ a FIRST and SECOND time this 4 day of August 1983. 4. ~~ ~~A~ C~r READ a THIRD TIME and FINALLY PASSED this 15 day of September 1983. -'- . ~~/ Mayor ~ 2:2trA~ Cle.Pt" ~ ::: -, v, ':;:-