BY-LAW NUMBER 110-2013

A by-law to impose a special charge upon the owners of lands who derive or may derive a benefit from the construction of a noise attenuation wall on Erin Mills Parkway in the City of Mississauga, Ward 8.

WHEREAS the Council of the Regional Corporation enacted By-law 1-2011 on the 13th day of January, 2011 to authorize the construction of the works under Project 11-4520 as a local improvement at a total cost of $203,582;

AND WHEREAS, the Treasurer of the Regional Corporation has certified the local improvement roll for the project;

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

  1. That the local improvement cost shall be specially charged to Peel Condominium Corporation No. 282 as set out in Schedule “A” and shall be payable as a lump sum upon receipt of invoice.

  2. Should payment not be made as agreed by Peel Condominium Corporation No. 282, the owner’s portion in the amount of $895 per unit will be assessed to the tax roll of each of the 120 units as per Schedule “B”.

  3. The amount specially charged on each lot set out in Schedule “B” is sufficient to raise that lot’s share of the cost in 15 annual payments.

  4. The number of annual payments permitted by this by-law does not exceed the lifetime of the works.

  5. Notwithstanding the annual payment amount entered in the local improvement roll, an owner of a lot may make two or more annual payments to be commuted for a single payment equal to the present value of the annual payments, and the number of annual payments reduced accordingly.

READ THREE TIMES AND PASSED IN OPEN COUNCIL this 28th day of November, 2013.

K. Lockyer

Regional Clerk

E. Kolb

Regional Chair

Schedule "A" to By-law 110-2013 (pdf)
Schedule "B" to By-law 110-2013 (pdf)