HomeMy WebLinkAbout88-101
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AMENDED BY AMENDED BY
BY.LAW #:lJ.~C.iQeY.LAw #;1.~;.I.~1...
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW 88- 101
being a by-law imposing special annual
drainage rates upon land in respect of
which money is borrowed under The Tile
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 lands;
AND WHEREAS the Council of the Corporation of the Town of Newcastle has upon
their application lent the owners the total sum of $19,700.00 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 menner as taxes.
By-law read a first and second time this 11th day of July 1988
By-law read a third time and finally passed this ~lth day of July 1988
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Clerk
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THE CORPORATION OF THE TOWN OF NEWCASTLE
SCHEDULE uAu TO BY-LAW
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NAME AND ADDRESS OF OWNER DESCRIPTION OF LAND DRAINED PROPOSED DATE OF LOAN SUM TO BE LOANED ANNUAL RATE TO BE IMPOSED ,
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I Wal ter A. Pi ngle Part Lot 27, Concession 4, '.i $19.700.00 $2,935.30 I
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I Darlington
I R.R. #1, Hampton, LOB 1JO I
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$19,700.00
10 Year Repayment, Factor: - 14.90 - 8%