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HomeMy WebLinkAboutBy-law No. 2012-050 THE CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW NO. 2012-050 A PROVISIONAL BY-LAW TO PROVIDE FOR DRAINAGE WORKS IN THE MUNICIPALITY OF BAYHAM IN THE COUNTY OF ELGIN KNOWN AS THE CASIER DRAIN FROGGETT BRANCH WHEREAS the Engineer Spriet Associates on behalf of the Municipality of Bayham in accordance with Section#78(1) of the Drainage Act, R.S.O. 1990, requests that the following lands and roads be drained by drainage works: Part Lots 15, Concession 4, Municipality of Bayham AND WHEREAS, the Council of the Municipality of Bayham has procured Engineer Report No. 209381, prepared by Spriet Associates, dated March 23, 2012, which is attached hereto as Schedule "A", and forms part of this By-Law. AND WHEREAS the estimated total cost of constructing the drainage work is $12,600.00; AND WHEREAS the Council is of the opinion that the drainage of the area is desirable; NOW THEREFORE the Council of the Municipality of Bayham enacts as follows: 1. Engineer Report No. 209381, dated March 23, 2012 and attached hereto, is hereby adopted and the drainage works as therein indicated and set forth are hereby authorized and shall be completed in accordance therewith. 2.1 The Corporation of the Municipality of Bayham may borrow, on the credit of the Corporation, the amount of$12,600.00,being the amount necessary for construction of the drainage works. 2.2 The Corporation may arrange for the issue of debentures on its behalf for the amount borrowed less the total amount of, (a) grants received under Section#85 of the Act; (b) commuted payments made in respect of lands and roads assessed within the municipality; (c) monies paid under Subsection #61(3) of the Act; and monies assessed in and payable by another municipality, and By-law No. 2012-050 -2 - April 19,2012 such debentures shall be made payable within five (5) years from the date of the debenture and shall bear interest at a rate not higher than the rate charged by a chartered bank of Canada. A special equal rate sufficient to redeem the principal and interest on the debentures shall be levied upon the lands and roads as set forth in the attached Schedule "A" to be collected in the same manner and at the same time as other taxes are collected in each year for five (5) years after the passing of this by-law. 4. For paying the amount of$00 being the amount assessed upon the lands and roads belonging to or controlled by the municipality, a special rate sufficient to pay the amount assessed plus interest thereon shall be levied upon the whole rateable property in the Municipality of Bayham in each year for five (5) years after the passing of this Provisional By- law to be collected in the same manner and at the same time as other taxes are collected. 5. All assessments of$250.00 or less are payable in the first year in which the assessment is imposed. 6. This By-law comes into force on the passing thereof and may be cited as the "Casier Drain—Froggett Branch". READ A FIRST AND SECOND TIME this 19th day of April 2012 and provisionally adopted this 19th day of April 2012. MAYOR CLERK READ A THIRD TIME AND FINALLY PASSED this day ofJett-au- 2012. r7f1 eL5)1 L ee,:i-60 MAYOR CLERK