HomeMy WebLinkAbout87-58
THE CORPORATION OF THE T<mN OF NE.W::ASTLE
BY-LAW NUMBER 87-58
BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS
REQUIRED DURING THE YEAR FOR MUNICIPAL PURPOSES AND
TO STRIKE THE RATES OF TAXATION FOR MUNICIPAL
PURPOSES FOR THE YEAR 1987.
WHEREAS, the Council of the Corporation of the Town of Newcastle, has
in accordance with the Municipal Act, considered the estimates of the
Municipality and it is necessary that the following sums be raised by
means of taxation for the year 1987.
General Purposes
Area and Special Rates
$4,885,447
$ 674,021
AND WHEREAS, the Assessment Roll made in 1986 and upon which the 1987
taxes are to be levied is the latest returned assessment roll, which
is still subject to revision by the Court of Revision;
Residential
and Farm
Comnercial
and Business
Total
Public School
Separate School
$34,225,6613
$ 3,391,136
$8,239,172
$ 176,189
$42,464,832
$ 3,567,325
AND WHEREAS, Chaptor 302 Section 158 of the Municipal Act RSO 1980, states
that the Council of every local Municipality in each year shall levy in the
manner set in the Ontario Unconditional Grants Act, on the whole of the
assessment for real property and business assessment according to the last
revised assessment roll, 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 FOLLCMS:
1. That the estimated expenditures required during the year 1987
totalling $24,320,896 less the estimated revenue totalling
$18,761,428 leaving a net amount of $5,559,468 to be adopted
and the following amounts be levied therefore in the manner
as set hereunder:
General Purposes
Area and Special Rates
$4,885.447
$ 674,021
2. There shall be levied and collected upon the assessable land,
buildings, and businesses within the Corporation of the Town
of Newcastle, the following rates for this year 1987:
...2
General Municipal
General Municipal
Street Lights
Bowmanville, Orono,
Newcastle
Newcastle Rural Areas
Garbage Collection
Bowmanville
Orono
Newcastle
Garbage Disposal
Bowmanvi11e
Business Improvement
Orono
Newcastle
Bowmanvi11e
Page two
Public School Supporters
Residential
Comnercial
102.814
120.958
Separate School Supporters
102.814
120.958
Area and Special Rates
10.757
9.858
12.656
11.598
18.960
35.327
20.874
22.3105
41.561
24.558
6.199
7.293
87.225
68.199
116.696
. . .3
(Page three)
3. All taxes, including local improvements assessments, shall be
deemed to have been imposed and become due and payable on the
1st day of January 1987 but may be paid in four installments,
of which, two installments will be to receive intermim 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 and 30th day of September 1987.
5. There shall be imposed a penalty for non-payment of taxes on
the first day of default of any installment thereof, the amount
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 Collector is hereby authorized to mail or cause to be
mailed 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. All 1987 taxes shall be paid during the calendar year of 1987
at any branch of the Canadian Imperial Bank of Commerce in the
Regional Municipality of Durham and Town of Port Hope only. All
prior years taxes shall be paid into the office of the Treasurer.
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 shall come into force and effect upon the date of the
final reading thereof.
By-law read a first and second time this 3rd day of April 1987.
By-law read a third time and finally passed this 3rd day of April 1987.
Mayor