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HomeMy WebLinkAboutBRU 92 017 conveyance of land THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 92-17 BEING A BY-LAW to impose the payment of money in lieu of the conveyance of land, on the granting of consents in the Township of Bruce and to establish a reserve fund for such funds to be used for park or other public recreational purposes within the Township of Bruce. WHEREAS the Planning Act, R.S.O. 1990, Chapter P.13, Section 42 and Section 53(3) authorizes the Council of a municipality to pass by- laws requiring the payment of money in lieu of the conveyance of land on the giving of a Land Division Consent. AND WHEREAS the Municipal Act, R.S.O. 1990, M.45, Section 163 and 164 authori zes the Council of the municipal i ty to establish a reserve fund for specific municipal purposes. NOW THEREFORE be it enacted by the Council of the Township of Bruce as follows: 1. That all persons receiving a consent to sever land within the Township of Bruce pursuant to Section 53 of the Planning Act, shall pay to the Corporation of the Township of Bruce the following amount of money: (a) For land proposed for development or redevelopment for commercial or industrial purposes an amount equal to 2% (two percent) of the val ue of the land to a maximum amount of $500.00. (b) For land proposed for development in all other cases, an amount equal to 5% (five percent) of the value of the land to a maximum amount of $500.00. 2. The value of the land shall be determined as of the day before the day of the giving of the consent. -. 3 . The person receiving the consent shall file with the Clerk- Treasurer of the Township of Bruce evidence in writing sufficient to establish the value of the land and the amount payable shall be determined by the Council of the Township of Bruce based on such evidence filed. 4. The Council of the Township of Bruce may request further and other evidence of value as may be required from time to time to determine the value of the land. THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 92-17 PAGE 2 -. 5. The amount payable shall be levied against each separate lot created in the Township of Bruce. 6. The amount payabl e shall be paid to the Township of Bruce before any consent is finalized. 7. The Clerk of the Township of Bruce is authorized to impose the payment of the said amount as a condition on the granting of all consent applications in the Township of Bruce. 8. There shall be established a reserve fund by the Township of Bruce pursuant to the provisions of the Municipal Act and all amounts received pursuant to this by-law shall be paid in to the said fund and shall be used for park or other public recreational purposes in the Township of Bruce. By-law introduced and read a First time this NINTH day of JUNE, 1992. By-law read a Second time this NINTH day of JUNE, 1992. By-law read a Third time and finally passed, signed, sealed, and numbered 92-17 this NINTH day of JUNE, 1992. ~, CLERK REEVE §EAL - --