THE REGIONAL MUNICIPALITY OF PEEL
 
BY-LAW NUMBER 106-2012
 

A by-law to impose a special charge upon the owners of lands who will or may derive a benefit from the construction of a sanitary sewer on Creditview Road, Churchville Road and Walnut Road in the City of Brampton, Ward 6.


WHEREAS the Council of the Regional Corporation enacted By-law 62-2007 on the 21st day of June, 2007 to authorize the construction of the works under Project 07-2701 as a local improvement at a total cost of $2,756,250;

AND WHEREAS, the Treasurer of the Regional Corporation has certified the local improvement roll attached as Schedule “A” to this by-law;

NOW THEREFORE, the Council of the Regional Corporation enacts as follows:

  1. That the amount specially charged on each lot set out in the local improvement roll in Schedule “A” is sufficient to raise that lot’s share of the cost in 15 annual payments;

  2. That a special charge shall be imposed in each year on each lot included in Schedule “A” equal to the amount of the payment payable in that year;

  3. That the number of annual payments permitted by this by-law does not exceed the lifetime of the works;

  4. That notwithstanding the annual payment amount entered in the local improvement roll, an owner of a lot may make two or more annual payments to be commuted for a single payment equal to the present value of the annual payments, and the number of annual payments reduced accordingly;

 


READ THREE TIMES AND PASSED IN OPEN COUNCIL this 22nd day of November, 2012.

K. Lockyer
________________________

Regional Clerk

E. Kolb
______________________

Regional Chair


Schedule "A" to By-law 106-2012 (pdf)