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14-18COUNTY OF ELGIN By-Law No. 14-18 "BEING A BY-LAW TO AUTHORIZE TAX EXEMPTION IN RESPECT OF A MUNICIPAL CAPITAL FACILITY PURSUANT TO SECTION 110 OF THE MUNICIPAL ACT" 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 No. 80-2005; and WHEREAS the City of St. Thomas has entered into an agreement with Bel Park for the provision of affordable housing; and WHEREAS the Bel Park is the registered property owner of 203 Union Street, Belmont, Ontario; and WHEREAS Section 110(9) of the Municipal Act, 2001, S.O. 2001, c.25, as amended, provides that if a municipality designated as service manager under the Social Housing Reform Act, 2000, has entered into an agreement under Section 110 with respect to housing capital facilities, any other municipality that has not entered into an agreement under Section 110 with respect to capital facilities and contains all or part of the land on which the capital facilities are or will be located may exercise the power under Section 110(6) with respect to the land and the capital facilities; 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 apply the tax ratio of 1 to the Bel Park project. NOW THEREFORE the Municipal Council of the Corporation of the County of Elgin enacts as follows: 1. THAT the tax ratio of 1 shall apply to the Bel Park project, 203 Union Street, Belmont, Ontario. 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. 3. THAT the Warden and the Chief Administrative Officer, or alternate, are authorized and directed to execute all documents necessary in that behalf and to affix thereto the seal of the Corporation of the County of Elgin. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED,,THIS 10TH DAY OF JUNE 2014. / Chief Administrative Officer. David Marr, Warden.