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HomeMy WebLinkAboutBy-law 2527/87THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NUMBER 2527/87 Being a by-law imposing special annual drainage rates upon land in respect of which money is borrowed under the Tile Drainage Act, R.S,O. 1980 WHEREAS the owner of land in the municipality has applied to the Council under the Tile Drainage Act, R.S.O. 1980 for a loan for the purpose of constructing sub-surface drainage works on such land; and WHEREAS the Council has upon this application lent the owner the total sum of $2,700.00 to be repaid with interest by means of rates hereinafter imposed; NOW THEREFORE the Council of the Coroproation of the Town of Pickering HEREBY ENACTS as follows: That the annual rates set out in Schedule "A" attached hereto are hereby imposed upon such land as described for a period of ten years, such rates to be levied and collected in the same manner as taxes. By-law Number 2237/86 is hereby repealed. BY-LAW READ a first, second and third time and finally PASSED this 29th day of June, 1987. SCHEDULE "A" TO BY-LAW 2527/87 NAME AND ADDRESS OF OWNER DESCRIPTION OF LAND DRAINED PROPOSED DATE OF LOAN SUM TO BE LOANED ANNUAL RATE TO BE IMPOSED Mr. J.A. Loeffler R.R. #1 Locust Hill, Ont. LOH 1JO Part of Lot 7 Concession 6 September l, 1987 $2,700.00 $402.30 * Total Principal of Debenture and Total Sum Shown on By-law