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HomeMy WebLinkAbout1709} r , THE CORPORATION of THE TOWN OF BOWMANVILLE BY -LAW No . 1709, BEING A .BY -LAW AUTHORIZ ING THE ISSUE. OF DEBENTURES IN' THE PRINCIPAL. AMOUNT OF $46,6400 0l TO PAY THE COST OF -CONSTRUCT,I01 OF CERTAIN SIDE 1ATKS , WATERI GAINS,, AND SANITARY SL" ERS , WHEREAS the C orporat Jon of the , To��n of Bowmanv�.11e `has F caused certain sidewalks, waternains and sanitary sewers to be constructed on the streets any ' between the points as shovrz in k` eolcnnns 3, 4, and .'] its Schedule "A" attached hereto; A AND WHERAS the total cost of each of such works, the �'orporation's'portion and the owners portion thereof, a special rate .per foot frontage and annual special rate per foot frontage have also been set out in Schedule "A" attached hereto; S AND '��iHEREA it is necessary to borrow on the credit of ' the Corporation the aggregate amount of $46,640.Qi to pay for the said works 1hic:i are estimated to hwre a lifetime of more ' than 20 years • 'AND ZfliMEAS ' it,' is expedient to make the principal of the - said debt repayable in annual installments during the period of r twenty years after the date of issue of . such, debentures, of - such. $n amounts respectively that, with the interest in respect of the debt,, the aggregate amount payable for principal,and interest in each e the e u e sble•,, a _..._... _..._ „.,�_ -.,.._ _.. _.._.•�.,.__:,.,____._....... .._ , . s s s b ct to th 1 proviso that each installment of principal, may be for 'an even $ $500-00'or 1, 000.00 or r ulti ' le thereof, • and that not withstanding anything herein contained, the annual installments of rinci al and interest ma ,differ in amount sufficiently to admit P P may ,differ AND 'WHERY-AS it will be necessary to - raise. annually the 's shown in column 4 of Schedule "B” hereto attached during the period of twenty years to pay the said yearly sum of principal and interest as they become duce, of which sum shown in Column 7 of said Schedule ry f ``, • "A" is required to pay the Corporation l e portion of the cost, and Interest thereon, and the sum as shown in Column $ of said Schedule q 113 r` Y, - w r . > r .h.� .x ,..,..- 1.. .,w.,fl zn Y r ..• �� � f`$3{ t . s.,. }'+'s. r F &r.t ,a x3 , ;i • fc f P , 1 ' ..2.. l n 'A' is requirerd' to pay tree owner's portion. of the cost and interest thereon] AID • -% .'...4 -A& the amowit of the .whole. rateable properij . bf the ` = i c I Pal ity accordl n to the lant: rvev'.ised assessment roll Is 7,9219 0 ; A,� j 1 i "_1 1r`',.. the . susour��t' o� Cle cam. tlz'i debenture de Lt of the Cor rat . ,; 1-, ° +1 2 0'3 , � r�, an{. r icc i) rt of the principal or interest thereon is in arrears; tiii }� i c p ..!��.�. Q�►i�l�:-; s. � ��' the � JI~pv�'�i� �� z il ,of ,the " ©'yin of z; iv 111 to cr,ac t ac' foll I . Lo That for tiro L,),„ z,- a e afo esaid th:ez•e i.Ai a11 be borrowed on the credit of ;t. ��c c. urat .on at ._x� the Lua , of ',-If .'Fjollars and cis° is �r itures shall be lesu+e(A rher+efor In de ior:dt Alone of not 1e -1aA) 10.00 eaci�, i��, Ly\+'k:rS.eLI iiir�i i+ �r *• x • "brt C-' UtI v t �C I" _) .�.' tf J ve an 1 annual�.y, %,.n �°1av1.1� couporss a.tta .la�:� triereto for the pa.�,►...' n of Interest*, The d•etentures a 1.1 be dated the ��tri �� ,� 6174.duly,:' l �� , r�� slrual1 be- pay'a.b I in twepty 'annual Installl'.1e its on the ;Otte d of July � xn tac � of t � ears .{ x ; 0 • tc 1979s inc lusivre, • and the res ct .ve wounts of principal and Interest payable In each, of such years P,hs11 be, ae ' riet i�`r�r�� �:r� t: ct�edule �Y , het�eLc� �tt�htd. The debtntur. s ac to both L rincippl. and, interest shall to )ayable in l.awf ul money of .Canada at the main branch of the Lank of Montreal in the � it�r of �,Qrantc�, eft , the' branch off' the dank cif Montreal its the Toan ref 1 >owmanvi llle or at the Office of the Municipal Treasurers in the gown of" bowimanvillea at holder " s option. The, said debenture's shall 14 Is sued and si Sn ed by the Mayor.* or so= other person authorised by by -'law to sign the tee, and „ by they 'treasurer, and sealed with. the seal of the Corporation That Interest coupons shall be signed ty the Treasurer, whose signature my be printed, engraved or lithographed on the coupons, and such printed, engraved or lithographed sip atu re of tkw ,, Treaeurer shell for all purposes, be deemed th►e signotu m of the, mid T'raasuror. � ,� � �'`v�Y � r�, x' m -� t��sr "r'� Y� s�"dii" "Y • yS'r'� a+� s ": ?t'r'y.; ». � 59 (.� } ' 'h�tt ther+t it�a 11 be raised it each, year in which-an installment becomes ;.due, by a L peclal xiste on all rattat le N erty ire t:x rw i:u i; ality, a spe : i � sax, suffi ; .er�t t4 1��yy {- r� y- t} -ytt� rr yam, +� �i }} ,,ry PV tii4 said, �'F i ir�i tale l i t "tihi n an i J:4' as ,�► � � �.� �. ,�l.l�i Sri' � 1 _l v 'b`,ri i. 11 1 �)�"� �t�r rate Small bc, levieJ1 iii a:iy ;(car :a Ll Pam ~ ' C t' «i.rt` n. 1 ti. i� a, t Into i.i�vLr i1 1�t ? %4 rli� receipts Vvol.i tbe *peclal rr1;..tc �iyf V ._Z:0% 1.r, t 1 Z C t ; f ti i8 par&6raph, c.)v z r oya an - source iej re t; DEL 1, Jr Uic said irork, (b) Por the pant cox' the owr,et port 1 O of the cost and fnterest t � «� >u�,, the Oecial �. s �Y`::et set 1'vrth in tkie : ,,)ecial assessment x oll 1s 4aereby ira wsck' u�aori the lands IJable I:;� ref or' as tAereIn act f-3.rt i which saidl special assess er�t ��itll �� �'•�•��: sufficient to cover .interest thereon at the rate aforena�4�, •." Shall be pay°ai.le .1,an twenty equal a, nu l ine'talLuente an d V that purpose the Lnp ealal annual rate e. per ' foot f Mnta,�;e ze t " forth in c.t "le u e :6 hereto attadhe.,a,, are Hereby ���i���cc�� .��)on the lets entered in tine sale special apsessment roll., accord 'ing to the asmesserl frorita,;e thereof over at)d above all 'other . E rates and taxes and tree said special, rates shall he poll ectcd annually by tie o�.l c t�or� of t . �-z �. o r. the Corporation at, the same t i r,e a.a, ",in the same manner an other rates ` , the sa .d debenture's r1s y contain a cl .urC providing for tlw t o 'pursuant to ect os reglatration of the : UniCIPA1.a ' Pending the sale oaf" the said debentures tna.. head of ' . the e Council and the T reasuxvr m raise 'f 6r> � the purpose afore said by of loan or) such debentures ati�i &Url or sUMs of money not exceediri ire all the sua�� hereby► aut��o��.etl t© be b�arrcw�ec and hypothecate , such debentures for such loan. i r af, a w- - - -- �� - Sim � e� = �._.�� ,.� is -- � -- -- - -- -- - - -- - - - -- - - - -- ---- - - -_ - - - - - - -- - - - -- - - - - - -- - � s 5ZO&74 A. 10,00 21 20 - 7L6 31demak Jame St Nom. �UOW AV :145a-Ft -I of S I Son Ave 3" .3(),-, 110.5-6 - - .7 1.:52 10;000 21- 20 Aloe :fit R&S � St .372 Ft Id of � St 3M.28 � ."� 2 . 1.32 10,100 �l 20 - �e O S t SOB, Lbws St 1577 Ft E 0-f ITAbevty St 3, .52 ti► 335-12 -- - �_ 040- 10 32 10-100 21 20 IL l�t�� t � t I t St ,� .08 lCA, -3 -' ��3 -71 1. 1�l 3 �1 20 = 1. t � 253 Pt N or g ` soutirmw 333' "5a28 146 94 ! 298s 34 1032 10. 21 20 s' Cwebw%dylew XwS.J St S � 1 x 643..2431- 541 !63 1, 43 . 3 1.32 10iO0 3 21 20 - prinee st 505. S Ave 854 3 of 10,32 10-*00 21 20 k y .� 10000 21 20 - - ,* OIL • • '1;1 ipi; : TO- A'3`'_ Igo `Ia a �P �ar4c Street Total C�er6 °pedal Amnual t p -J ; -gat er Aral I ~rontaage at�r fn - • ' 'Il 3 V i t'ii.se d s 1 mat n -F eder�r k Ave 26--'Cusca St, 650 Ft ezt of of wOz—k SO�g St r. ! 1 ! 9.45- $ 1.9 910. -� 10 � .4 c3 � .� - L. �' ewe Ave 3 -50 - -"t- � or 563 Pz West o 33 . Q[3 1. � 12 . 1 t3 f se -os L�t Z-:�c ;a-g . L. t Vat4brwwim Third St iiish t 5, 4ig,41- 1:833.41 3s 59'x. 00 -- ice- -:6,8 - - - E r pxwv s pac t' St V e*ee vans Ave 34$ Ft N af 1, 256.5 = '248-37- - 1,v 00-8-1-5 - - 1.65 12 0 0-8 21 - - - - -- - - Vcrs Ave �t�#r y Waverly :Iii �a '16 9 � t S ai -11 &2 Ft a: ©f _ :, 296 . 9-Owe a� �, is . r�.� _ �. �� _ �� � � s31 20 _ C on c e se t on St a.A i M y V V 3 327 -t 7 0 f -- __ x,908.29 x,43,. t.� 1:;.068 20 -- Kinz St. E 6243 Ft B or 1 -36 �t 0.1, � -Ave 8z � r� Ave 4, 194 414+w 8 � _ j.� _ Ic i - �s j. }� - t- George s �iI an,� �g � i� �.-n n Bt 1,929.60— -336 - _ _{ _ IS 5- 3 . 6 V 2,64o }� 20.1 °BC-' 1 1 �j 2 0 - - - Edaa.31 Ave west ; t {�. lei a at � L - _ Lot 71 Lot 78 �, 031 i,q0 w _ ��o 1y�4'.10 _ �..�� 1f= .068 f- 243 to Ban Sv"r - s it S_ t vet ranit "a 348 t ,�&r s - et.ex-ans Ave 1,+ 29 s90 468.30 961.60 1.60 12.30 21 20 i1 S HiLio St Pt3Uxwth at 60 Ft S or sit _ l i6 'V - . -- �. 1.32 10000 21 20 N s ` �- ~ - _ _ - - _- — -- - _ _ - - - - - - - -- - - -- �- - -- - - - - - - -- - - -— - - - - _ -- - -_� -- ►T l - - - - -_ - _ -- - - 1 - - -- - - - - -- _- _ ° -- - - -- -- - - - - — - - - _ 370, 33 w- - - -- �� - Sim � e� = �._.�� ,.� is -- � -- -- - -- -- - - -- - - - -- - - - -- ---- - - -_ - - - - - - -- - - - -- - - - - - -- - � s 5ZO&74 A. 10,00 21 20 - 7L6 31demak Jame St Nom. �UOW AV :145a-Ft -I of S I Son Ave 3" .3(),-, 110.5-6 - - .7 1.:52 10;000 21- 20 Aloe :fit R&S � St .372 Ft Id of � St 3M.28 � ."� 2 . 1.32 10,100 �l 20 - �e O S t SOB, Lbws St 1577 Ft E 0-f ITAbevty St 3, .52 ti► 335-12 -- - �_ 040- 10 32 10-100 21 20 IL l�t�� t � t I t St ,� .08 lCA, -3 -' ��3 -71 1. 1�l 3 �1 20 = 1. t � 253 Pt N or g ` soutirmw 333' "5a28 146 94 ! 298s 34 1032 10. 21 20 s' Cwebw%dylew XwS.J St S � 1 x 643..2431- 541 !63 1, 43 . 3 1.32 10iO0 3 21 20 - prinee st 505. S Ave 854 3 of 10,32 10-*00 21 20 k y .� 10000 21 20 - - ,* OIL • • '1;1 ipi; : w SCRAWL-i; A No %am e o:L .Vork Street From To Totel 0o,st Corp. Owners .ipecial _ 1=,.nr tLal Y- T,ife } ortion 3-ortior. Rate per 3peeial Timf xnnual- `� Ft Frontal;-ie tate per o:F work Instal' Pt Fro nta e e _ 1 :natermain Frederick �A-wti saugog :it 650 Pt f'e3t � 3,� �. 4 77 5 � 1 910.00 ' , � I,869.45 � 1.65 12.68-0 21 Yrs 20 r� 2 = ater�n ender Ave _ 350 Pt of �3 �(%. '$7? -60 33.00 8 ;4.8 -a Z 465 -12.6$ - 21 - 20 -- "atai -amain -� Th_f_r� `3t High std Libert�r S� 5,�.19.�r1 l,g�.41 3, 19 ?.t74 - 1.65 -12.68 21 - = 20 o e�'�aein grogpeat � _V eterans Pe T-349 -Ft - v - - -- - -- -- - - - -: -- �- - - _ -- - - -- _. -_- - Wateriain A,%, Waverly Vaterans Aire 1,256.52 .248-37 1,008.15 1.65 12.65 21 20 5 Rd 769 Pt S of 1162 Ft S of - King St King St 1, 296.90 - - 19296.90 1.65 12.68 21 'Q 6 Watermwin Gonoession St Liberty St 3327 ht S of i Liberty SL 13 Z71 -: = __- : 4�w . 109263.00 1.65 12.65- 21 20 '% Ra'G 9r$!ai II � King Bt F. �r .�/ 8 Waternala� �A3t George St s�iisi So IIgAT a P _. �i8g at P 9o3��AT$ queen St � ,1 �?4 . 14 ; ` � � o 805.34 - 3.36-00 3, 388 -SO 19593-60 2..4� 2040 20.08 20.06 21 20` .20 9 Wat ermai u - kd sa-11 Ave rest Limit West Lir! i t - -- 21 - Sax.. Sewer Frospea �t Lot 71 Lot 78 , 031.30 - - - 6.20 1 -W14 5.10 - 1.6s -- - - -- �2 .��� -- 2� 20 = - - r 10 -.�; t Veterans "we 348 Ft K of - SLdewnl-k High St Fourth at Veterana eve 60 Ft S of 1,4:19 -9v 468.30 961.60 1.64 12.30 21 20 11 Fosirth 3t - 105 -END - 34 - 8 5 70,75- 1.3 2 10 It 21 20 745 Ft M- or _ - - - - - -- - - -- T» - - -_ - :- - - - =- - - -- -- _ 435-60 10 14 SL-d*walk €iigh St �. �. Seeond St - - _ MArd St 1,1: 2.20 -- - 370-33 751.87 1,.3-2 - - 1t) 21 - -- -. - - - - - - -- - - -- - - - - - -- - - -- - - - - - - - -- -- 16 - gldevm1k A, Zane at K.s, al anpaon- Te Jane St 183 Pt a of 5 - - - 1'1.84 - 34.9v 1032 _ - -- 10 -2�- -- -moo - 17 91 dawalk Al Bert St X.S. - Duk a St S%paon Ave 362.30 172 Ft V orDu ke St 3 ©2 -�8 119 - 56 y9.75 24 .74 2x2.53 1.32 1.32 10 0 10 - 21 23 20 20 1S Sidewalk France St 5.3. Llbevty at 577 !t S of 1 q �. dersal� / � - Liberty St queen St Liberty St :;1.ber t St 3,015.52 49 &. ©8- 335.12 - 36#.37 68G'w40 333.71 1132 1.32 10 f! 10 � 21 21 20 24 2b 31deval -k ..& P1ott St x.50 Southvty Dr 253 Ft V of _ 2I H1�[e•sl C 0s'ehard�riee L.S. Jane St Southway Dr aY Dr 45.28 -` 1 41.20 146.34 541.60 296.34 1,099 1.32 1.32 10 -� 10 0 21 21 20 28 - 22 Side sslk NPrinae St S.S. Simpson Ave 850 1rt wr of -6o ' 23 31 dwmaZk Simpson Ave Jane St - Prince St Southway. Dr 1 v496.00 2 493-68 679.54 1,002.32 l 379.66 1.32 1.32 10 0 10 21 21 20 20 v059,20 , ,� � r�� ,�,ir��46C�4'�+tF�,ti�,tn,.1, ;s `, �iMlui�����i�k' �i+# A�U+���r +���d4P���J�!�Al, ✓:Pt;! ^r ar � r yLm 6 �'�. � _ ter 1i •.`tA �� �, a .. �� �" v � r:44�A';11�. .�s r ,i _. . i F rOLM 6 4 s —7 , ; • � I 1 I 1: TOLUM R 1, il 1