HomeMy WebLinkAbout85-130
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THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW 85-130
being a by-law imposing special annual drainage
rates upon land in respect of which money is
borrowed under The Tile Drainage Act, 1971
WHEREAS owners of land in the municipality have applied to the Council
under the Tile Drainage Act, 1971, for loans for the purpose of
constructing subsurface drainage works on such land;
AND WHEREAS the Council of the Corporation of the Town of Newcastle
has upon their application, lent the owners the total sum of $18,900.00
to be repaid with interest by means of rates hereinafter imposed.
BE IT THEREFORE ENACTED BY THE COUNCIL OF THE CORPORATION OF THE TOWN
OF NEWCASTLE that annual rates as set out in Schedule HAil attached
hereto are hereby imposed upon such land for a period of 10 years,
such rates to be levied and collected in the same manner as taxes.
By-law read a first and second time this 4th day of November 1985.
By-law read a third time and finally passed this 4th day of November 1985.
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Clerk
I File rIO<_m/&c_.df.,..2.-~=J
THE CORPORATION OF THE TOWN OF NEWCASTLE
SCHEDULE IIAII TO BY-LAW 85- 130
lNAME AND ADDRESS OF OWNER DESCRIPTION OF LAND DRAINED PROPOSED DATE OF LOAN SUM TO BE LOANED ANNUAL RATE TO BE IMPOSED
James Lowery Lot 22, Conc. 6, Clarke $ 6,300.00 $ 938.70
R. R. #1, Orono
Clifford H. Robinson ~0t 20, Conc. 6, Darlington $12,600.00 $ 1,877 .40 I
R. R. 81, Hampton
$18,900.00 $2,816.10
. 10 Year Repayment, Factor: - 14.90 - 8%
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