WHEREAS the Council of the Regional Corporation enacted By-law 129-2011 on the 13th day of October, 2011 to authorize the construction of the works under Project 11-1701 as a local improvement at a total cost of $109,524;

AND WHEREAS, the Treasurer of the Regional Corporation has certified the local improvement roll attached as Schedule "A" to this by-law;

NOW THEREFORE the Council of the Regional Corporation enacts as follows:

1. The amount specially charged on each lot set out in the local improvement roll in Schedule "A" is sufficient to raise that lot's share of the cost in 15 annual payments.
   
   
2. A special charge shall be imposed in each year on each lot included in Schedule "A" equal to the amount of the payment payable in that year.
   
   
3. The number of annual payments permitted by this by-law does not exceed the lifetime of the works.
   
   
4. Notwithstanding the annual payment amount entered in the local improvement roll, an owner of a lot may make two or more annual payments to be commuted for a single payment equal to the present value of the annual payments, and the number of annual payments reduced accordingly.
   

READ THREE TIMES AND PASSED IN OPEN COUNCIL this 11^th day of September, 2014.

Schedule A to By-law 63-2014

Local Improvement Watermain Project on
Willow Lane in the City of Mississauga, Ward 11

Project 11-1701