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HomeMy WebLinkAbout86-59 .. ~.. ....,'. Cor por at i on of the Town of Newcast I e BY-LAW 86- 59 BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED DURIt-G THE YEAR FOR MUNICIPAL PURPOSES AND TO STRIKE THE RATES OF TAXATION FOR MUNICIPAL PURPOSES FOR THE YEAR 1986. WHEREAS, the Council of the Corporation of the Town of Newcastle has, in accordance with the Municipal Act, considered the estimates of the Municipal ity and it is necessary that the following sums be raised by means of taxation for the year 1986. General Purposes Area and Special Rates Regional Purposes Elementary School Separate School Secondary School $4,351,431 $ 564,867 $3,573,316 $5,950,173 $ 397,239 $5,474,476 AND WHEREAS, the Assessement Roll made in 1985 and upon which the 1986 taxes are to be levied is the latest returned assessment ro II, wh i ch roll is still subject to rev i s ion by the Court of Revision; Residential and Farm Commercial and Business Total Pub! ic School Separate School $31,778,049 $ 2,929,328 $ 8,114,161 $ 200, 1 05 $39,892,210 $ 3,129,433 AND WHEREAS, Chapter 302 Section 158 of the Municipal Act RSO 1980, states that the Council of every local Municipal ity in each year shal I levy in the manner set out in the Ontario Unconditional Grants Act, on the whole of the assessment for real property and business assessment according to the last revised assessment rol I, a sum equal to the aggregate of the sums adopted under Section 164. THEREFORE, the Council of the Corporation of the Town of Newcastle ENACTS AS FOLLOWS: 1. That the estimated expenditures required during the year 1986 total ling $30,250,524 less the estimated revenue total ling $9,939,022 leaving a net amount of $20,311,502 to be adopted and the fol lowing amounts be levied therefore in the manner as set hereunder: General Purposes Area and Special Rates Regional Purposes Elementary Publ ic School Elementary Separate School Secondary School $4,351,431 $ 564,867 $3,573,316 $5,950,173 $ 397,239 $5,474,476 2. There shall be levied and collected upon the assessable land, bui Idings, and businesses within the Corporation of Town of Newcastle, the following rates for this year 1986: -~. - 2 - Publ ic School Supporters Residential Commercial General Municipal Regional Elementary Secondary 97.809 80.319 143.988 123.053 115.070 94.493 169.397 144.768 Separate School Supporters General Municipal Regional Elementary Secondary 97.809 80.319 125.520 123.053 115.070 94.493 147.670 144.768 Street Lights Area and Special Rates Bowmanvi I Ie, Orono, Newcastle Newcastle Rural Areas 8.771 7.874 10.319 9.264 Garbage Collection Bowmanv III e Orono Newcastle 15.542 29.030 17 . 1 62 18.285 34 . 1 53 20.191 Garbage Disposal Bowmanv i I Ie 5.813 6.839 Business Improvemment Orono Newcastle Bowmanv II Ie 85.901 66.270 107.411 3. All taxes, Including local Improvement assessments, shal I be deemed to have been Imposed and become due and payable on the 1st day of January 1986 but may be paid in four installments, of which, two installments wil I be to receive interim taxes levied under authority of By-Law 74-23, amended by By-Law 80-145. 4. The remaining taxes including local improvement assessments, after deduction of taxes levied prior to the adoption of these estimates may be paid In two Installments on the 30th day of June 1986 and 30th day of September 1986. 5. There shal I be imposed a penalty for non-payment of taxes on the first day of default of any installment thereof, the amount of 1 1/4% of the amount due and unpaid on the first day of each calendar month thereafter in which default continues, but not after the end of the year in which the taxes are levied, under authority of By-Law 83-38. 6. The Tax Col lector Is hereby authorized to mail or cause to be mal led the notice of taxes due to the address of the residence or place of business of the person to whom notice is required to be given. 7. AI I 1986 taxes shal I be paid during the calendar year of 1986 at any branch of the Canadian Imperial Bank of Commerce in the Regional Municipal ity of Durham and Town of Port Hope only. All prior years taxes shall be paid Into the office of the Treasurer. -...,. - 3 - 8. The Tax Collector and Treasurer are hereby empowered to accept part payment from time to time on account of any taxes due. 9. This by-law shal I come into force and effect upon the date of the final reading thereof. READ A FIRST AND SECOND T I ME TH I S 12th day of May, 1 986. READ A THIRD TIME AND FINALLY PASSED THIS 12th day of May, 1986 seal Mayor 'w-~ D.W. Oakes, Town Clerk