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WHEREAS the Corporation of the City of St. Thomas is designated as the
Consolidated Municipal Service Manager for the CMHC-Ontario New Affordable Housing
Program; and
WHEREAS the City of St. Thomas has enacted Municipal Housing Facilities By-law
0. 80 -2005; and
WHEREAS the City of St. Thomas has entered into an agreement with Central
Elgin Municipal Non-Profit Housing Corporation for the provision of affordable housing;
and
WHEREAS the Central Elgin Municipal Non-Profit Housing Corporation is the
registered owner • the property described in Schedule "A" attached hereto and forming
part of this by-law; and
WHEREAS Section 110(6) permits a municipality to exempt from taxation for
municipal and school purposes for capital facilities where an agreement to provide
municipal capital facilities has been entered into, subject to the notice provisions,
limitations and requirements set out in the Municipal Act; and
WHEREAS the Municipality of Central Elgin has requested the County of Elgin to
iipply the tax ratio of 1 to the Central Elgin Municipal Non-Profit Housing Corporation
project.
NOW THEREFORE the Municipal Council of the Corporation of the County of Elgin
enacts as follows:
THAT the tax ratio of 1 shall apply to the Central Elgin Municipal Non-Profit Housin
.-J.orporation project, as described in Schedule "A" attached hereto and forming part of thil
Ity-law.
2. THAT this tax ratio shall apply to taxation raised for municipal purposes as of the
effective date of the first supplementary or omitted assessment notice on the property as
issued by the Municipal Property Assessment Corporation pursuant to the Assessment Act
and shall apply as long as the Facility Agreement is in good standing and not in default.
4. THAT the Warden and the Chief Administrative Officer, or alternate, are authorized
o.-.ind directed to execute all documents necessary in that behalf and to affix thereto the sea�
• the Corporation • the County of Elgin.
SCHEDULE 'A'
By-Law No. 14-09
LEGAL DESCRIPTION
289 Frances Street
Port Stanley
Municipality of Central Elgin,
County of Elgin