HomeMy WebLinkAbout88-85
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THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW 88- 85
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 $8,800.00 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 manner as taxes.
By-law read a first and second time this 13th day of June 1988
By-law read a third time and finally passed this 13th day of June 1988
Mayor
THE CORPORATION OF THE TOWN OF NEWCASTLE
SCHEDULE "A" TO BY-LAW 88- 85
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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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Elias & Joseph Michael Part Lot 16, Broken Front Cone. $8,800.00 $1,311. 20
R.R. #3, Newcastle Clarke
$8,800.00
10 Year Repayment, Factor: - 14.90 - 8%
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