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Home My WebLink About83-43 ,# THE CORPORATION OF THE TOWN OF NEWCASTLE BY-LAW 83-43 being a by-law to establish maximum and minimum charges to be levied by a special charge upon persons in the area assessed for business assessment in the area in the Village of Newcastle Central Business District designated as an Improvement Area. WHEREAS Section 217(1) of The Municipal Act, R.S.O. 1980, provides that the Council of a local municipality may pass by-laws designating an area as an improvement area: AND WHEREAS Section 217(17) of The Municipal Act, R.S.O. 1980, provides that subject to such maximum and minimum charges as the Council may specify by by-law, the Council shall in each year levy a special charge upon persons in the area assessed for business assessment sufficient to provide a sum equal to the sum of money provided for the purposes of the Board of Management for that area, together with interest thereon at such rate as is required to repay any interest payable by the municipality on the whole or any part of such sum, which shall be borne and paid by such persons in the proportion that the assessed value of the real property that is used as the basis for computing the business assessment of each of such persons bears to the assessed value of all the real property in the area used as the basis for computing business assessment. NOW THEREFORE, BE IT ENACTED AND IS HEREBY ENACTED AS A BY-LAW OF THE CORPORATION OF THE TOWN OF NEWCASTLE BY THE COUNCIL THEREOF AS FOLLOWS: All persons in the area assessed for business assessment in the area of the Village of Newcastle Central Business District designated as an Improvement Area within the meaning of the Municipal Act, shall be subject to the following maximum and minimum charges for such purposes as shall be determined by Council: (a) The maximum charges levied as a special charge shall not exceed $1,000.00 in any year; (b) The minimum charges levied as a special charge shall not be less than $20.00 in any year. By-law read a first and second time this 14th day of March 1983 By-law read a third time and finally passed this 14th day of March 1983 Seal ~ ~ '..yor . ~ jL.~ ClerK ~~ No..3.Lt;Q,..J>.....___._.!