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07-07 Mark G , Chief Administrative Officer. / READ a READ a first and second third ti me and finally passed time this 2yth day of this 2yth day of March 2007 March 2007. 4 3. THAT the 2007 tax rates for the assessment in each property class set out in Schedule "C", attached hereto and forming part of this by-law, be approved and adopted by Council. THAT the large Industrial class be chosen as an optional property class 2 THAT the 2007 budget of the County of Elgin set out on Schedule "B", attached hereto and forming part of this by-law, which incorporates estimates for revenue and for expenditures be approved and adopted by Council. 1 THAT the 2007 tax ratios for the County of Elgin set out on Schedule "A". attached hereto and forming part of this by-law, be approved and adopted by Council. NOW THEREFORE enacts as follows the Municipal Council of the Corporation of the County of Elgin WHEREAS Section 308(15-18) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper-tier municipality may opt to have certain optiona property classes apply within the County. WHEREAS Section 308(7) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper-tier municipality establish for each property class, a single tax ratio for the upper-tier municipality and its lower-tier municipalities; and WHEREAS Section 308(5) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of an upper-tier municipality shall in each year establish the tax ratios for that year for the upper-tier municipality and its lower-tier municipalities; and WHEREAS Section 289 of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper-tier municipality shall in each year prepare and adopt estimates of all sums required during the year for the purposes of the upper-tier municipality; and CONSTITUENT MUNICIPALITIES TAX RATIOS, AND TO ESTABLISH THE 2007 TAX RATES FOR THE COUNTY THE CORPORATION OF THE COUNTY OF ELGIN AND TO ESTABLISH THE 2007 "BEING A BY-LAW TO PROVIDE FOR THE ADOPTION OF THE 2007 BUDGET OF By-Law No. 07-07 COUNTY OF ELGIN RESIDENTIAL/FARM MUL TI-RESIDENTIAL FARMLAND AWAITING DEVELOPMENT - RESIDENTIAL COMMERCIAL OCCUPIED COMMERCIAL VACANT LAND INDUSTRIAL OCCUPIED INDUSTRIAL VACANT LAND LARGE INDUSTRIAL OCCUPIED LARGE INDUSTRIAL VACANT PIPELINES FARM MANAGED FORESTS 1.0000 2.3458 0.5000 1.6376 1.1463 2.2251 1 .4463 2.8318 1.8407 1 .1446 0.2500 0.2500 COUNTY OF ELGIN BY-LAW 07 - 07 SCHEDULE A Ratios PROPERTY CLASS 2007 TOTAL BUDGET Less: P.I.L.'s TOTAL LEVY 20,633,499 400,928 20,232,571 SURPLUS FROM PRIOR YEAR SUPPLEMENTARY TAXES TAXES WRITTEN OFF INTEREST CHARGES & INCOME HEALTH UNIT COUNCIL MEMBERS & LOCAL BOARDS ADMINISTRATIVE SERVICES FINANCIAL SERVICES HUMAN RESOURCES ADMINISTRATION BUILDING CORPORATE EXPENDITURES ENGINEERING DEPARTMENT ELGIN COUNTY HOMES AGRICULTURE PIONEER MUSEUM COUNTY LIBRARY ARCHIVES LAND DIVISION EMERGENCY SERVICES INFORMATION TECHNOLOGIES PROVINCIAL OFFENSES AMBULANCE SERVICES COLLECTIONS - POA ECONOMIC DEVELOPMENT SOCIAL SERVICES & ONTARIO WORKS ADMINISTRATIVE FEE - CITY OF ST. THOMAS CHILD CARE SOCIAL HOUSING GRANTS ELGIN TOURIST ASSOCIATION TOURISM OFFICER JOINT ACCESSIBILITY COMMITTEE RENTAL INCOME (HEALTH UNIT) PROPERTY ASSESSMENT CAPPING TAX RELIEF RESERVE FOR MILL RATE STABILIZATION RESERVE FOR WSIB RESERVE FOR INSURANCE DEDUCTIBLES RESERVE FOR PERFORMANCE EXCELLENCE RESERVE FOR TERRACE LODGE RESERVE FOR ORTHODONTICS RESERVE FOR OMPF REPLACEMENT POLICE SERVICES BOARD ONTARIO MUNICIPAL PARTNERSHIP FUND TRANSFER TO CAPITAL RURAL INITIATIVES COMMITTEE 46,799,043 6 764,964 258,520 345,550 396,059 422,000 614,000 501,490 3,055,950 16,676,504 32,953 145,158 2,012,004 162,351 95,000 15,675 546,655 596,105 6,712,079 242,284 224,850 2,346,424 377,905 207,337 1,225,289 142,000 37,500 36,000 2,000 225,000 643,115 50,000 1,000 207,202 500,000 31 ,250 5,000 250,000 5,000 500,000 33,700 143,170 10,000 26,165,544 33,700 5,841.000 335,093 250,000 150,000 292,500 71,000 12,685,072 14,200 152,739 3,000 95,000 625,045 4,573,831 305,000 90,000 648,364 - (5,841,000) 6,143,170 10,000 - 15,675 546,655 (28,940) 2,138,248 (62,716) 134,850 2,346,424 377,905 207,337 1 ,225,289 142,000 37,500 36,000 2,000 648,364 ) 643,115 50,000 1,000 207,202 500,000 31 ,250 5,000 250,000 5,000 500,000 (335,093) (250,000) 225,000 (150,000) 764,964 258,520 345,550 396,059 422,000 321,500 501,490 2,984,950 3,991,432 32,953 130,958 1,859,265 159,351 COUNTY OF ELGIN BY -LAW 07 - 07 SCHEDULE B 2007 ESTIMATED EXPENDITURES 2007 ESTIMATED REVENUES 2007 TAX LEVY COUNTY OF ELGIN BY -LAW 07 - 07 SCHEDULE C PROPERTY CLASS 2007 TAX RATES RESIDENTIAL 0.558016% MULTI-RESIDENTIAL 1.308993% FARMLAND AWAITING DEVELOPMENT - RESIDENTIAL 0.279008% COMMERCIAL OCCUPIED 0.913807% COMMERCIAL VACANT LAND 0.639665% INDUSTRIAL OCCUPIED 1.241641 % INDUSTRIAL VACANT LAND 0.807067% LARGE INDUSTRIAL OCCUPIED 1.580189% LARGE INDUSTRIAL VACANT 1.027123% PIPELINES 0.638705% FARM 0.139504% MANAGED FORESTS 0.139504% Definition: "Tax rate" means the tax rate to be levied against property expressed as a percentage, to six decimal places, of the assessment of the property.