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981008 Regular Council Meeting Agendaa THE CORPORATION OF THE TOWN OF TILLSONBURG COUNCIL AGENDA j�J 1. L ���.,�,� .� • �ZL� u ti+ . THURSDAY — October 8h, 1998 — 9:00 a.m. ORDER OF BUSINESS: A. v Adoption of Agenda B. Declarations — Municipal Conflict of Interest Act C. Resolutions D. By -Laws 1. By -Law 2866 -To Authorize Construction of Concrete Curb and Gutter - Quarterline Rd. (third reading) 2. By -Law 2868- To Set Tax Due Dates E. 4"/ Closed Session V THE CORPORATION OF THE TOWN OF TILLSONBURG BY-LAW NUMBER �. A BY-LAW to authorize construction of concrete CURB AND GUTTER as set out in Schedule "A" as a local improvement under The local Improvement Act, R.S.O. 1990, Chapter L.26, Section 7, Subsection 1(d).. i WHEREAS the Council has caused to be made, reports of the cost of construction of the works more particularly set out in Schedule "A" hereto attached. AND WHEREAS it has been found by the reports that the cost of the said construction of: (a) Concrete curb and gutter is estimated to be $15, 000.00 of which $4,430.00 is to be paid by the Corporation; with $10,570.00 assessed by a special rate to properties abutting on the works. AND WHEREAS the lifetime of the said works is at least ten years. AND WHEREAS it is desirable that the said works be undertaken as a Local Improvement. AND WHEREAS Notice of application to The Ontario Municipal Board for approval for the works was published in the Tillsonburg News on the 16th day of September, 1998 and also sent by prepaid first class mail on the 14th day of September, 1998 to all parties as listed on the last revised assessment roll whose properties will be specially assessed. AND WHEREAS it is deemed expedient for the said purpose to borrow for the financing of the owners' position of the said works, a sum up to but not exceeding $10,570.00 upon the credit of the Corporation by the issue of debentures. BE IT THEREFORE ENACTED by the Council of the Corporation of the Town of Tillsonburg as follows: 1. (a) THAT the works as set out in Schedule "A" and hereto attached be constructed as a Local Improvement at the cost of $15,000.00. (b) THAT Schedule "A" attached hereto is hereby declared to be a part of this by-law as if written and incorporated herein. 2. THAT the cost of the construction of the said works shall be specially assessed by an equal rate per meter frontage against the owners of real estate abutting directly on the said works. 3. THAT the construction of the said works shall be carried out and executed in accordance with the plans, profile and specifications as set forth in the report of the Engineer and the said works and construction shall be carried on and executed under the supervision and according to the directions and orders of the Engineer, C.J. Demeyere, P.Eng. 4. THAT the Mayor and Clerk be and are hereby authorized to call tenders and cause a contract for construction of the work to be made and entered into with some person, persons, firm or corporation subject to the approval of this Council to be declared by resolution. ...2 - 2 - 5. THAT the Treasurer may agree and arrange with any bank or person for temporary advances of money to meet the costs of the work pending the completion of it. 6. THAT special assessments shall be levied in the year following completion of the work. 7. THAT the special assessments shall be paid in ten annual instalments. 8. ANY person whose lot is specially assessed may commute for payment in cash, the special rates imposed thereon by paying the portion of the cost of construction asses$ed upon such lot, without interest, forthwith and not more than thirty-one days after the special assessment roll has been certified by the Clerk. 9. FOR the purpose of aforesaid, the Corporation may borrow upon the credit of the Corporation a sum not exceeding $10,570.00 by way of the issue of debentures. 10. THE debenture to be issued for the loan shall be for the amount required to pay the temporary borrowing pursuant to paragraph 5 hereof after applying any payments made on behalf of the owners specially assessed and shall bear interest at such rate as the Council may determine and the said debenture interest and principal shall be made payable within ten years on the instalment plan. 11. (a) THAT there shall be raised, in each year, in which an instalment becomes due, by a special rate on all the rateable property in the municipality, a specific sum sufficient to pay the said instalment when and as if becomes due, but no greater rate shall be levied in any year, for such purposes, than is required to pay the instalment after taking into account receipts from the special rate, provided in Clause (b) hereof, or from any other sources in respect of the said work. (b) FOR the payment of the owners' portion of the cost and interest thereon, the special assessment set forth in the special assessment roll is hereby imposed upon the lands liable therefore as therein set forth, which said special assessment with a sum sufficient to cover the interest thereon at the rate aforesaid, shall be payable in ten equal annual instalments and for that purpose the special lots entered in the special assessment roll, according to the assessed frontage thereof, over and above all other rates and taxes, and the said special rates shall be collected annually by the collector of taxes for the Corporation at the same time and in the same manner as other rates. 12. THIS by-law shall come into full force and effect on the date of approval by the Ontario Municipal Board. READ a first, second time this 14th day of September, 1998. f'j ir-) _n READ a third time, passed, signed, sealed and numbered this day of , 1998. MAYOR CLERK DESCRIPTION OF WORKS Construction of concrete Curb and Gutter on: Quarterline Road (West Side) Amount for possible debenture: - Owners' share SCHEDULE "A" TO BY-LAW NO. THE CORPORATION_ OF_. THE _TOWN OF TILLSONBURG E S T_ �I_ _M_ AT_ E D __ _C__ 0 S_ T FROM TO CORPORATION OWNERS TOTAL North St. $10,570.00 Southridge Rd. $4,430.00 $10,570.00 $15,000.00 Estimated cost per metre frontage: $41.40 (Annual - 10 yrs: $6.45 per metre) l THE CORPORATION OF THE TOWN OF TILLSONBURG BY-LAW' A BY-LAW to amend By -Law 2858 being a by-law to raise by assessment the amount of money required for all purposes for the year 1998. WHEREAS it is necessary to establish instalment dates for rates levied pursuant to By -Law 2858 passed by the Council of the Town of Tillsonburg on the 27`s day of July, 1998. BE IT THEREFORE enacted by the Council of the Town of Tillsonburg as follows: That paragraph 5 of By -Law 2858 be amended as follows: 5. There shall be deducted from the rates levied under clauses 2 and 3 above, any interim rates levied pursuant to By -Law 2830 and the amount remaining unpaid may be paid in two instalments: first instalment due — October 30'', 1998 second instalment due — November 27`x', 1998 2. This By -Law shall come into full force and effect upon enactment. READ a f rst, second and third time, passed, signed, sealed and numbered R `�. �lillis 8'h day of October, 1998. Mayor Clerk