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BYLAW - Provide for an Interim tax levy - 19950125 - 359895FTHE CORPORATION OF THE TOWN OF AURORA By-law Number 3598-95.F BEING A BY-LAW to provide for an interim tax levy in the year 1995 and in each succeeding year. WHEREAS, under the provisions of Section 1S9 of the Municipal Act, R.S.O. 1980, C 302, Council is authorized to pass a by-law before the adoption of the estimates in any year, providing that in that year and in each succeeding year a levy be made before adoption of the estimates of the year; AND WHEREAS, the Council of the Town of Aurora deems it expedient to make the aforesaid levy in the year 199S and each succeeding year before the adoption of the estimates; NOW THEREFORE, the Municipal Council of the Corporation of the Town of Aurora ENACTS AS FOLLOWS: 1. That in the year 199S and in each succeeding year, before the adoption of the estimates in any such year, a levy shall be made on the whole of the taxable assessment for real property according to the last revised assessment roll a sum not exceeding SO per cent of that which would be produced by applying to such assessment the total rate for all purposes levied in the preceding year on residential real property of public school supporters. 2. That in the year 199S and in each succeeding year, before the adoption of the estimates in any such year, a levy shall be made on the whole of the business assessment according to the last revised assessment roll a sum not exceeding SO per cent of that which would be produced by applying to such assessment the total rate for all purposes levied in the preceding year on business assessment of public school supporters. 3. The Treasurer is hereby authorized and directed to annually establish and levy a rate to produce the corresponding amounts provided for under Clauses 1 and 2 of this by- law. 4. The dates for payment of taxes under this by-law shall be during the fmal week of February, March and April of each year. S. In default of payment of the first installment of taxes or any part thereof by the day named therein for the payment thereof, the remaining installment or installments shall forthwith become payable. 6. A percentage charge of 1.2S per centum shall be imposed as a penalty for non- payment of and shall be added to every tax installment or part thereof remaining unpaid on the first day following the last day of payment of each such installment and thereafter an additional charge of 1.2S per centum shall be imposed and shall be added to every such tax installment or part thereof remaining unpaid on the first day of each calendar month in which default continues up to and including December of each year. 7. The tax collector not later than 21 days prior to the date that the first installment is due shall mail or cause to be mailed to the address of the residence or place of business of each person a notice setting out the tax payments required to be made pursuant to this by~law, the respective dates by which they are to be paid to avoid penalty and the particulars of the penalties imposed by this by-law for late payment. -2- 8. Taxes shall be payable to the Corporation of the Town of Aurora and shall be paid to the Treasurer's office. 9. Th!!; Treasurer be and is hereby authorized to accept part payment from time to time on account of any taxes due and to give a receipt for such part payment provided that acceptance of any such part payment shall not affect the collection of any percentage charge imposed and collectible under Clause 3 in respect to non-payment of taxes or of any installment thereof. 10. That this by-law supersedes any previous by-laws and amendments. READ A FIRST AND SECOND TIME THIS 25th DAY OF JANUARY 1995. READ A THIRD TIME AND FINAUY PASSED THIS 25th DAY OF JANUARY, 1995 = L. ALLISON, MUNICIPAL CLERK