WHEREAS the Regional Corporation is required by Section 289(1) of the Municipal Act, 2001 (hereinafter referred to as the "Act") to adopt yearly estimates of all sums required during the year for the purposes of the Regional Corporation, including the sums required by law to be provided by the Regional Council for any local boards of the Regional Corporation;

AND WHEREAS Section 311 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 (collectively the "Levy") 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 lower-tier municipalities its authority to establish tax ratios for both regional and municipal purposes, in accordance with By-law 23-2008;

AND WHEREAS such delegation effectively prevents the Council of the Regional Corporation from directing the council of each lower-tier 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 311 of the Act;

AND WHEREAS Section 311(11) and (12) 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 lower-tier 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 a regulation to revoke and be substituted for Ontario Regulation 127/07, 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 114-1994 which provides for the establishment of a Waste Management rate to be applied to the weight of waste originating from sources within each lower-tier municipality and based upon estimated tonnage amounts, to be requisitioned from each lower-tier 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 the Waste Management levy that would have been established had the actual tonnage for the prior year been used to calculate the levy is to be included in the current year's Waste management levy;

AND WHEREAS the Council of the Regional Corporation has adopted By-law 123-2007 which enacted an Interim Levy against the lower-tier municipalities for the year 2008;

AND WHEREAS the Council of the Regional Corporation by resolution passed on March 20, 2008 authorized the enactment of a by-law to approve the 2008 Current Budget;

NOW THEREFORE BE IT RESOLVED THAT the Council of the Regional Corporation enacts as follows:

1. That a general upper-tier levy in the sum of three hundred and eighty two million, sixty five thousand, six hundred and thirty three dollars ($382,065,633) be levied against the lower-tier municipalities and that the lower-tier municipalities do pay the following apportionment of that total:
   
   

   	City of Mississauga	$237,834,769
   	City of Brampton	122,567,132
   	Town of Caledon	21,663,732
   	Total	$382,065,633

   
   
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 two hundred and sixty four million, fourty thousand, seven hundred and thirty dollars ($264,040,730) be levied against the lower-tier municipalities and that the lower-tier municipalities do pay the following:
   
   

   	City of Mississauga	$168,685,169
   	City of Brampton	86,931,182
   	Town of Caledon	8,424,379
   	Total	$264,040,730

   
   
3. That special upper-tier levies for waste management purposes based upon the estimated weight of waste originating within each lower-tier municipality in a total amount of seventy four million, nine hundred and twenty thousand, six hundred and thirty seven dollars ($74,920,637) be levied against the lower-tier municipalities on a Waste Management Rate of $152.34 per tonne of estimated weight managed by the Waste Management System and that the lower-tier municipalities do pay the following:
   
   

   	City of Mississauga	$ 41,973,538
   	City of Brampton	27,361,766
   	Town of Caledon	5,585,333
   	Total	$ 74,920,637

   
   
4. That the net consolidated general upper-tier levy and special upper-tier levies against each lower-tier municipality totalling seven hundred and twenty one million, twenty seven thousand dollars, ($721,027,000) shall be as follows:
   
   

   	City of Mississauga	$ 448,493,476
   	City of Brampton	236,860,080
   	Town of Caledon	35,673,444
   	Total	$ 721,027,000

   
   
5. That the lower-tier 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 123-2007 of the Regional Corporation as follows:
   
   

   	City of Mississauga	$ 213,702,796
   	City of Brampton	110,472,004
   	Town of Caledon	16,097,199
   	Total	$ 340,271,999

   
   
6. That the balance owing be paid to the Regional Corporation in accordance with the following schedule one day after the lower-tier municipality's Tax Bill Instalment Due Date to be established by lower-tier municipal by-law pursuant to s.342 of the Act:
   
   

   	Due Date	City of Mississauga	City of Brampton	Town of Caledon
   	Non capped classes - 1st installment	$52,199,961	$31,135,281	$8,433,615
   	Non capped classes - 2nd installment	$52,199,961	$31,135,281	$8,433,615
   	Non capped classes - 3rd installment	$52,199,962	$31,135,280	---
   	Capped classes - 1st installment	$78,190,796	$10,994,078	$1,354,508
   	Capped classes - 2nd installment	---	$10,994,078	$1,354,507
   	Capped classes - 3rd installment	---	$10,994,078	---
   	Total	$234,790,680	$126,388,076	$19,576,245

   
   
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 PASSED IN OPEN COUNCIL this 27^th day of March, 2008.