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THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW 86-99
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 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 $21,400.00 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 f1AfI 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 1~th day of July 1986
By-law read a third time and finally passed this 14th day of July 1986.
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THE CORPORATION OF THE TOWN OF NEWCASTLE
SCHEDULE "A" TO BY-LAW 86-99
lNAME AND ADDRESS OF OWNER 1
DESCRIPTION OF LAND DRAINED PROPOSED DATE OF LOAN SUM TO BE LOANED ANNUAL RATE TO BE IMPOSED I
,
Ted Watson Farms Ltd. Part Lot 17t Cone. 1, Darlingtor $ 11,600. $ 1,728.40
R. R. 2t Bowmanville
Ceresmore Farms Ltd., Part Lot 1, B.F. Concession $ 9,800. $ 1t460.20 I
R~ R. 4t Bowmanville Darlington
$ 21t400.00 $ 3,188.60
10 Year Repayment, Factor: - 14.90 - 8%
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