HomeMy WebLinkAbout85-96
~
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW 85-96
being a by-law imposing special annual drainage
rates upoo land in respect of which mooey 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 sub-
surface 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 $7,200.00 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 "A" 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 fi rst and second time this 22nd day of July, 1985
By-law read a third time and finally passed this 22nd day of July, 1985.
~~
Mayor
Lt<A-I i1k~
Clerk
File No...L9' 7-9. /35"
.
THE CORPORATION OF THE TOWN OF NEWCASTLE
SCHEDULE "A" TO BY-LAW 85-96
NAME AND ADDRESS OF OWNER DESCRIPTION OF LAND DRAINED PROPOSED DATE OF LOAN SUM TO BE LOANED \NNUAL RATE TO BE IMPOSED
Walter Pingle Pt. Lot 27 & 28, C onc. 4
46 Liberty Street Darl ington $7,200.00 $1 ,072.80
Bowmanville, Ontario
Ll C 2N3
I
$7,200.00 $1 ,072.80
0
10 Year Repayment, Factor. - 14.90 - 8%