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Home My WebLink About89-199 .'t. THE CORPORATION OF THE TOWN OF NEWCASTLE BY-LAW 89- 199 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 a loan 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 $16,400.00 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 "A" attached hereto are hereby imposed upon such land for a period of ten (10) years, such rates to be levied and collected in the same manner as taxes. By-law read a first and second time this 13th day of November 1989 By-law read a third time and finally passed this 13th day of November 1989 CLERK " . .. THE CORPORATION Of THE TOWN OF NEWCASTLE SCHEDULE II A II TO BY -LAW 89-199 1 DESCRIPTION Of LAND DRAINED PROPOSED DATE OF LOAN SUM TO BE LOANED ANNUAL RATE TO BE IMPOSED NAME AND ADDRESS OF OWNER Joe Christl Part Lot 10, Broken Front $ 16,400.00 I R.R. #2, Concession BowmanIJille, Ontario. L1C 3K3. I ! I I I I , I I I ! I i I I I j $ 16,400.00 I 10 Year Repayment, Factor: - .1490 - 8% .. l'" .:" , BY-LAW NUMBER 254--89 OF CERTIFIED A TRUE CQP-JJ DEe 1 9 1989 "'~.iili?D~~ RQaional Cl~~ ~ of drainage works THE REGIONAL MUNICIPALITY OF DURHAM being a by-law to raise money to aid in the construction under The Tile Drainage Act, R.S.O, 1980 in the Regional Municipality of Durham. The Council of The Regional Municipality of Durham (hereinafter termed regional municipality) pursuant to The Tile Drainage Act, R.S.O., 1980 enacts as follows. 1. The Regional Municipality may from time to time, subject to the provisions of this by-law, borrow on the credit of The Regional Municipality such sums not exceeding in the whole $16,400.00 on behalf of the area municipalities as are set forth in Schedule A, and may in the manner hereinafter provided issue debentures of the Corporation for the amount so borrowed as provided in the Act payable to the Treasurer of Ontario at the Parliament Buildings, Toronto, which debentures shall reserve the right to repay the whole or any part of principal and interest owing at the time of such prepayment. 2. Where the Regional Municipality receives requests from one or more area municipalities for the issue of a debenture in the amount or amounts not exceeding those set out in Schedule A for the purposes of the Act, the Regional ~'unicipality shall issue a debenture for the total of the amount or amounts requested signed by the head of council and the treasurer and borrow on behalf of each area municipality on completion of the drainage works. 3. With respect to each area municipality, the Regional Municipality not later than thirty days after the issue of the debenture shall, by by-law impose and levy a special annual rate over and above all other rates sufficient for the payment of the principal and interest of the debentures issued by the Regional Municipality on behalf of that area municipality. BY-LAW read a first time this 13th day of December, 1989. BY-LAW read a second time this 13th day of December, 1989. BY-LAW read a third time and finally passed this 13th day of December, 1989. /~ rman ---- . .~ ~-~/. Clerk . ~ . " " SCHEDULE IAI to By-Law Number 254-89 Town of Newcastle $16.400.00 $16.400.00 DATED: December 13, 1989 being a by-law to raise money to aid in the construction of drainage works under the Tile Drainage Act, R.S.O., 1980 in the Regional Municipality of Durham. BY-LAW S. K. JAIN, Q.C., Regional Solicitor, 605 Rossland Road East, WHITBY, Ontario. L1N 6A3 Ires BY-7-89 ," .. CERTIfiED A TRUE COP'Yj DEe r 9 1989 ..:~:~y~ a'tlional O.k being a by-law to impose special annual levies upon municipalities in respect BY-LAW NUMBER 2E5 -89 OF THE REGIONAL MUNICIPALITY OF DURHAM of which money is borrowed under The Tile Drainage Act, R.S.O, 1980 in the Regional Municipality of Durham. WHEREAS the TOWN OF NEWCASTLE on behalf of the owner of the land has applied to The Regional Municipality of Durham under The Tile Drainage Act, R.S.O., 1980 for a loan for the purpose of constructing sub-surface drainage works on lands. AND WHEREAS The Regional Municipality of Durham has upon the application issued a debenture for the total sum of $16,400.00 to be repaid with interest at 8 per cent per annum by means of a special rate hereinafter imposed. NOW, THEREFORE, BE IT ENACTED AND IT IS HEREBY ENACTED as a by-law of The Regional Municipality of Durham through its Council thereof as follows: 1. The Council of the Regional Corporation hereby ascertains and directs that the sum of $2,443.60 as set out in Schedule I'A" attached hereto is hereby levied in the years 1991 to 2000 inclusive against the TOWN OF NEWCASTLE as set out in Amortization Schedule "B". 2. The Treasurer of the TOWN OF NEWCASTLE shall pay to the Treasurer of the Regional Corporation the sum as set out in Schedule "A" at the time as set out therein. 3. If the TOWN OF NEWCASTLE fails to make any payments as provided in this by-law, interest shall be added at the rate of fifteen per cent per annum from the date the payment is due until it is made. 4. Schedules "A", and "B" attached hereto form part of this by-law. BY-LAW read a first time this 13th day of December, 1989. BY-LAW read a second time this 13th day of Dece~ber, 1989. BY-LAW read a third time and finally passed this 13th day of December, 1989. ~~ halrman .~ ~.r~ ,~ . ..'J SCHEDULE lA' to By-Law Number 255-89 Date Municipality Debenture Town of Newcastle Jan. 1, 1990 Repayment Date J an. 1, 1991 to Jan. 1, 2000 Sum Annual Imposed Loaned Levies $16,400.00 $2,443.60 " . . . SCHEDULE 'B' to By-Law Number 255-89 REPAYMENT SCHEDULE FOR THE TOWN OF NEWCASTLE BALANCE DATE PRINCIPAL INTEREST TOTAL OUTSTANDING January 1, 1990 16,400.00 January 1, 1991 1,131.60 1,312.00 2,443.60 15,268.40 January 1, 1992 1,222.13 1,221.47 2,443.60 14,046.27 January 1, 1993 1,319.90 1,123.70 2,443.60 12,726.37 January 1, 1994 1,425.49 1,018.11 2,443.60 11,300.88 January 1, 1995 1,539.53 904.07 2,443.60 9,761.35 January 1, 1996 1,662.69 780.91 2,443.60 8,098.66 January 1, 1997 1,795.71 647.89 2,443.60 6,302.95 January 1, 1998 1,939.36 504.24 2,443.60 4,363.59 January 1, 1999 2,094.51 349.09 2,443.60 2,269.08 January 1, 2000 2,269.08 174.52 2,443.60 0 DATED: December 13, 1989 being a by-law to impose special annual levies upon municipalities in respect of which money is borrowed under the Tile Drainage Act, R.S.O., 1980 in the Regional Municipality of Durham. BY-LAW S. K. JAIN, Q.C., Regional Solicitor, 605 Rossland Road East, WHITBY, Ontario. L1N 6A3 Ires BY-7-89 ~' BY-LAW NUMBER 12-90 CERTIFIED A TRUE con -JAN 2 5 1990 -_.~--,,~.-~... . C.W..LUNDY: -~. ........=8 . jJ . , D-:..J~ OF THE REGIONAL MUNICIPALITY OF DURHAM being a by-law to amend By-law 255-89 being a by-law to impose special annual levies upon municipalities in respect of which money is borrowed under the Tile Drainage Act, R.S.O. 1980 in the Regional Municipality of Durham. NOW, THEREFORE, BE IT ENACTED AND IT IS HEREBY ENACTED as a By-law of The Regional Municipality of Durham by the Council thereof as follows: 1. That By-law 255-89 is hereby amended by repealing Schedule "A" and Schedule "B" attached thereto and substituting therefore the following Schedule "A" and "B" attached hereto. BY-LAW read a first time this 24th day of January, 1990. BY-LAW read a second time this 24th day of January, 1990. BY-LAW read a third time this fi-------- G. ..HERREMA, Chairman 24th day of January, 1990. ~_ -c.)- ~ C.W. LUNDY, er Municipality Town of Newcastle SCHEDULE tAt to By-Law Number 12-90 Date Debenture F eb. 1, 1990 Repayment Sum Date Loaned Feb. I, 1991 to $16,400.00 F eb. 1, 2000 Annua 1 Imposed Levies $2,443.60 , SCHEDULE 'B' to By-Law Number 1?-90 REPAYMENT SCHEDULE FOR THE TOWN OF NEWCASTLE BALANCE DATE PRINCIPAL INTEREST TOTAL OUTSTANDING February 1, 1990 16,400.00 February 1, 1991 1,131.60 1,312.00 2,443.60 15,268.40 February 1, 1992 1,222.13 1,221.47 2,443.60 14,046.27 February 1, 1993 1,319.90 1,123.70 2,443.60 12,726.37 February 1, 1994 1,425.49 1,018.11 2,443.60 11,300.88 February 1, 1995 1,539.53 904.07 2,443.60 9,761.35 February 1, 1996 1,662.69 780.91 2,443.60 8,098.66 February 1, 1997 1,795.71 647.89 2,443.60 6,302.95 February 1, 1998 1,939.36 504.24 2,443.60 4,363.59 February 1, 1999 2,094.51 349.09 2,443.60 2,269.08 February 1, 2000 2,269.08 174.52 2,443.60 0 DATED: January 24, 1990 being a by-law to amend By-law 255-89 being a by-law to impose special annual levies upon municipalities in respect of which money is borrowed under the Tile Drainage Act, R.S.O., 1980 in the Regional Municipality of Durham. BY-LAW S. K. JAIN, Q.C., Regional Solicitor, 605 Rossland Road East, WHITBY, Ontario. L1N 6A3 Ires BY-7-90