99-5
COUNTY OF ELGIN
BY-LAW NO. 99-5
BEING A BY-LAW TO CAP INCREASES AND DECREASES OF PROPERTY TAXES IN
THE COMMERCIAL INDUSTRIAL AND MULTI-RESIDENTIAL CLASSES FOR THE
TAXATION YEARS 1999 AND 2000
WHEREÞjS Section 447.44(1) of the Municipal Act, being Chapter M.45, RS.O
1990, as amended, provides that the Council of a municipality, other than a lower-tier
municipality, may pass a by-law to enact that Division B of Part XXI 1.2 of such statute
apply for the ye~rs 1998, 1999 or 2000 or any combination thereof with respect to
property in the municipality that is in a property class designated by by-law; and
WHEREÞ1S Section 447.44(2) of such statute provides that the following property
classes may be fO designated in such a by-law, namely the commercial property class,
the industrial property class, and the multi-residential property class; and
WHERE~S Sections 447.44(3) and (4) of such statute provide that if the
commercial property class is so designated in such a by-law, Division B of Part XXI 1.2 of
such statute sha!1 also apply to the other commercial classes, and that if the industrial
property class is so designated in such a by-law, Division B of Part XXI1.2 of such statute
shall also apply 0 the other industrial classes.
the County of Elgin
NOW THEREFORE
I
enacts as follows:
1. THAT Di~ision B of Part XXI 1.2 of the Municipal Act shall and hereby does apply for
the years 1999 and 2000, with respect to property in this municipality that is in the
following design~ted property classes, namely the commercial property class, the
industrial property class, the optional industrial property class, and the multi-residential
property class.
of the Corporation of
Counci
the Municipa
this by-law shall become effective upon passing.
THAT
2
1999.
1999.
READ a third time and finally passed this 25th day of February,
time this 25th day of February,
l
ark G, McDonald,
Chief Administrative Officer.
and second
READ a first