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08-06 Mark G. McDonald, Chief Administrative Officer. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 25TH DAY OF MARCH 2008. 4 3. THAT the 2008 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 2008 budget of the County of Elgin set out on Schedule "8", 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 2008 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 the Municipal Council of the Corporation of the County of Elgin enacts as follows: 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 optional 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 Sectjon 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 2008 TAX RATES FOR THE COUNTY THE CORPORATION OF THE COUNTY OF ELGIN AND TO ESTABLISH THE 2008 BEING A BY-LAW TO PROVIDE FOR THE ADOPTION OF THE 2008 BUDGET OF By-Law No. 08-06 COUNTY OF ELGIN RESIDENTIAL/FARM MULTI-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 08 - 06 SCHEDULE A Ratios PROPERTY CLASS 2008 TOTAL BUDGET Less: P.I.L.'s TOTAL LEVY 21,785,179 390,000 21,395,179 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 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 INTERNATIONAL PLOWING MATCH POLICE SERVICES BOARD ONTARIO MUNICIPAL PARTNERSHIP FUND TRANSFER TO CAPITAL SALARY REVIEW RURAL INITIATIVES COMMITTEE 49,429,001 792,623 266,655 362,800 420,902 423,800 683,782 569,175 3,117,342 17,955,439 34,500 159,362 2,154,819 168,396 105,000 15,880 574,454 896,299 7,062,728 443,127 469,873 2,140,345 362,765 211,769 1,277,652 107,800 2,000 6,550,328 199,500 10,000 225,000 663,936 50,000 1,000 150,000 250,000 31,250 5,000 350,000 5,000 125,000 33,700 27,643,822 33,700 5,841,000 300,000 250,000 200,000 315,420 72,000 13,215,529 15,200 158,739 3,000 105,000 928,590 4,984,804 461,175 102,791 656,874 (5,841,000) 6,550,328 199,500 10,000 15,880 574,454 (32,291) 2,077,924 (18,048) 367,082 2,140,345 362,765 211,769 1,277 ,652 107,800 2,000 656,874) 663,936 50,000 1,000 150,000 250,000 31,250 5,000 350,000 5,000 125,000 300,000) 250,000 ) 225,000 200,000) 792,623 266,655 362,800 420,902 423,800 368,362 569,175 3,045,342 4,739,910 34,500 144,162 1,996,080 165,396 COUNTY OF ELGIN BY -LAW 08 - 06 SCHEDULE B 2008 ESTIMATED EXPENDITURES 2008 ESTIMATED REVENUES 2008 TAX LEVY Definition: "Tax rate" expressed as a percentage, of the property. means the tax rate to be levied against property to six decimal places, of the assessment RESIDENTIAL MULTI-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 PROPERTY CLASS 2008 TAX RATES 0.583075% 1.367778% 0.291538% 0.954844% 0.668391% 1.297401% 0.843310% 1.651152% 1.073249% 0.667388% 0.145769% 0.145769% SCHEDULE C BY-LAW COUNTY OF ELGIN 08 06