AND WHEREAS Section 366 of the Act contemplates that a general upper-tier levy will be raised in each year and that a special upper-tier levy or special upper-tier levies may be raised in each year on some or all property in the upper-tier municipality rateable for upper-tier purposes;

AND WHEREAS the Council of the Regional Corporation has chosen to delegate to the councils of the area municipalities its authority to establish tax ratios for both regional and municipal purposes, in accordance with By-law 24-98;

AND WHEREAS such delegation effectively prevents the Council of the Regional Corporation from directing the council of each area municipality to levy a separate specified tax rate in order to raise the general upper-tier levy and any special upper-tier levy as otherwise contemplated in Section 366 of the Act;

AND WHEREAS Section 366(7) of the Act provides that the Council of the Regional Municipality of Peel shall ascertain and by by-law direct what portion of the aforesaid amounts shall be levied against and in each area municipality, on or before specified dates;

AND WHEREAS the cost of policing will be allocated so that the Cities of Mississauga and Brampton will be levied for the cost of the Peel Regional Police, with the allocation of costs to be levied on each municipality's pro rata share of the combined transition ratio weighted assessment for the two municipalities in accordance with the foregoing authority and in accordance with Ontario Regulation 230/99, as amended;

AND WHEREAS the Town of Caledon will be assessed the full cost of providing municipal policing services by the Ontario Provincial Police in accordance with the foregoing authority;

AND WHEREAS the Council of the Regional Corporation has adopted By-law 114-94 which provides for the establishment of a Waste Management rate per tonne based upon estimated tonnage amounts to be requisitioned from each area municipality at the same time as the Levy;

AND WHEREAS the difference between the Waste Management levy established for the prior year based upon estimated tonnage amounts and estimated expenditure amounts and the Waste Management levy that would have been established had the actual tonnage and expenditure amounts for the prior year been used to calculate the levy is to be corrected by an adjustment to the Waste Management levy to be established for the current year;

AND WHEREAS the Regional Council has adopted By-law 3-2001 which enacted an Interim Levy against the area municipalities in the year 2001;

AND WHEREAS the Council of the Regional Corporation has approved the 2001 Current Budget by Resolution 2001-190, on March 1, 2001 and has authorized the enactment of this by-law;

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

1. That a general upper-tier levy in the sum of two hundred and eighty-seven million, four hundred and forty-six thousand, four hundred and forty nine dollars, ($287,446,449) be levied against the area municipalities and that the area municipalities do pay the following apportionment of that total:

City of Mississauga	$ 190,253,971
City of Brampton	$ 80,776,573
Town of Caledon	$ 16,415,905
	$ 287,446,449

2. That special upper-tier levies for Peel Regional Police purposes in the Cities of Brampton and Mississauga and for Ontario Provincial Police purposes in the Town of Caledon in a total amount of one hundred and forty seven million, three hundred and nineteen thousand, one hundred and seven ($147,319,107) be levied against the area municipalities and that the area municipalities do pay the following:

City of Mississauga	$ 99,590,380
City of Brampton	$ 42,283,320
Town of Caledon	$ 5,445,407
	$ 147,319,107

3. That special upper-tier levies for waste management purposes based upon the estimated weight of waste originating within each area municipality in a total amount of forty one million, nine hundred and thirty four thousand, four hundred and forty four dollars ($41,934,444) be levied against the area municipalities on a Waste Management Rate of $111.63 per tonne of estimated weight managed by the Waste Management System and that the area municipalities do pay the following:

City of Mississauga	$ 25,993,904
City of Brampton	$ 13,520,084
Town of Caledon	$ 2,420,456
	$ 41,934,444

4. That the net consolidated general upper-tier levy and special upper-tier levies against each area municipality totaling four hundred and seventy six million, seven hundred thousand dollars, ($476,700,000) shall be as follows:

City of Mississauga	$ 315,838,255
City of Brampton	$ 136,579,977
Town of Caledon	$ 24,281,768
	$ 476,700,000

5. That the area municipalities shall be entitled to deduct from the consolidated levies in section 4 those monies, excluding interest, previously billed on the Interim Levy pursuant to By-law 3-2001 of the Regional Corporation as follows:

City of Mississauga	$ 153,707,992
City of Brampton	$ 64,531,438
Town of Caledon	$ 11,760,570
	$ 230,000,000

so that the balance owing from each area municipality shall be:

City of Mississauga	$ 162,130,263
City of Brampton	$ 72,048,539
Town of Caledon	$ 12,521,198
	$ 246,700,000

6. That the balance owing be paid to the Regional Corporation in accordance with the following Schedule:

Due Date	City of Misssissauga	City of Brampton	Town of Caledon
August 16, 2001	$ 32,426,052	$14,409,708	$ 2,504,239
September 17, 2001	$ 32,426,052	$14,409,708	$ 2,504,239
October 15, 2001	$ 32,426,052	$14,409,708	$ 2,504,239
November 14, 2001	$ 32,426,052	$14,409,708	$ 2,504,239
December 12, 2001	$ 32,426,055	$14,409,707	$ 2,504,242
Total	$162,130,263	$72,048,539	$12,521,198

7. That any amounts not received by the Region's bank via electronic funds transfer by the due date, or by the Regional Corporation before the close of business on the due date, that being 4:30 p.m., to allow the Region to receive value for the funds on that day, shall bear interest at a rate equivalent to the Region's lead bank's prime rate on the due date plus one and one half percent per annum to a maximum rate of fifteen percent per annum from the date that payment is due to the date that it is received.

8. That the Treasurer and Commissioner of Finance is hereby directed and authorized to do all acts necessary to collect these levies.

READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this 10th May, 2001.