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1982, be and is hereby repealed.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,
':;:-