THE REGIONAL MUNICIPALITY OF PEEL

BY-LAW NUMBER 25-2000

A by-law to levy against the area municipalities a sum not exceeding 50 percent of the levy made by Regional Council before the adoption of the final Regional estimates for the year 2000.

WHEREAS by Section 369(1) of the Municipal Act Regional Council may before the adoption of estimates for the year, levy against each of the area municipalities a sum not exceeding 50 percent of the levy made by the Regional Council in the preceding year against that municipality;

AND WHEREAS Council has by resolution adopted on 27th January, 2000 authorized the presentation of this interim levy by-law for enactment;

NOW THEREFORE, the Council of the Regional Corporation enacts as follows:

  1. That an Interim General Levy be made in respect of the year 2000 against the area municipalities as follows:


  2. MUNICIPALITY

    GENERAL LEVY

       

    City of Mississauga

    $150,036,626

    City of Brampton

    62,164,009

    Town of Caledon

    11,334,365

     

    $223,535,000

  3. That the Interim General Levy payments to the Regional Corporation under this by-law shall be made, in accordance with Section 369(2) of the Municipal Act, as follows:



  4. INSTALLMENT

    DUE DATE

    MISSISSAUGA

    BRAMPTON

    CALEDON

             

    1

    March 15, 2000

    37,509,156

    15,541,002

    2,833,591

    2

    April 17, 2000

    37,509,156

    15,541,002

    2,833,591

    3

    May 15, 2000

    37,509,156

    15,541,002

    2,833,591

    4

    June 15, 2000

    37,509,158

    15,541,003

    2,833,592

  5. And that any amounts not received at the Regionís bank via electronic funds transfer by the due date, or by the Regional Corporation before the close of business on the due date, that being by 4:30 p.m., to allow the Region to receive value for the funds on that day, shall bear interest at a rate equivalent to the prime rate of the Regionís bank on the due date plus 1 Ĺ percent per annum to a maximum rate of 15 percent per annum.

  6. That the Treasurer and Commissioner of Finance is hereby directed and authorized to do all acts necessary to collect these levies.

 

READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this day 17th February, 2000.

 

 

Bonnie Zeran

Regional Clerk

Emil Kolb

Regional Chair