THE REGIONAL MUNICIPALITY OF PEEL
 
BY-LAW NUMBER 2-2012
 

A by-law to impose a special charge upon the owners of lands who will or may derive a benefit from the construction of a watermain on Highway 10, Town of Caledon, Ward 1.


WHEREAS the Council of the Regional Corporation enacted By-law 71-2007 on the 2nd day of August, 2007 to authorize the construction of the works under Project 07-1705 as a local improvement at a total estimated cost of $242,799.37;

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 12th day of January, 2012.

C.Reid
________________________

Regional Clerk

E. Kolb
______________________

Regional Chair


Schedule A to By-law 2-2012

Local Improvement Watermain on Highway 10, Town of
Caledon, Ward 1
Project 07-1705

Assessment Roll No.

Property Description

Actual Frontage (metres)

 

Assessed Frontage (metres)

 

2124030004197000000

15578 HURONTARIO ST CON 1 WHS PT LOT 1

51.83

 

51.83

2124030004195000000

15596 HURONTARIO ST CON 1 WHS PT LOT 1:RP 43R1815 PART 3

8.70

61.00*

2124030004192000000

15598 HURONTARIO ST CON 1 WHS PT LOT 2

8.70

61.00*

2124030004194000000

15602 HURONTARIO ST CON 1 WHS PT LOTS 1 AND 2:RP

78.71

61.00*

2124030003005000000

15615 HURONTARIO ST CON 1 EHS PT LOT 2:RP 43R28076 PART 4

131.67

61.00*

2124030003004000000

15581 HURONTARIO ST CON 1 EHS PT LOT 1

60.93

60.93

2124030003003000000

15567 HURONTARIO ST E/S CON 1 EHS PT LOT 1

67.64

61.00*

2124030004193000000

15624 HURONTARIO ST CON 1 WHS PT E LOT 2

60.98

60.98

*Irregular lots and/or development properties