BYLAW - BIA Levy Special Charge on Rateable Property - 20190528 - 618319The Corporation of the Town of Aurora
By-law Number 6183-19
Being a By-law to levy a Special Charge upon Rateable Property
in the Aurora Business Improvement Area.
Whereas the Aurora Business Improvement Area ("BIA") and the Board of
Management of the Aurora Business Improvement Area were established by By-law
Number 6128-18 on September 18, 2018;
And whereas the Board of Management has requested that a special charge be
established for the year 2019 by a levy to raise the amount required for the purposes of
the Board of Management;
And whereas Section 208 of the Municipal Act, 2001, S.O. 2001, c. 25, as amended,
enables a local municipality to raise the amount required for the purposes of a board of
management, including any interest payable to the municipality on money borrowed by
it for the purposes of the Board of Management;
And whereas the Council of The Corporation of the Town of Aurora {"Town") deems it
necessary to establish a special charge for the amount required by the BIA Board of
Management by levy upon rateable property in the BIA area in prescribed business
property class;
Now therefore the Council of The Corporation of the Town of Aurora hereby enacts
as follows:
1.All rateable property in the Aurora Business Improvement Area that is in a
prescribed business property class (the "BIA Properties") shall be levied a special
charge (the "BIA Levy").
2.The amount of the BIA Levy shall be $40,400 for the year 2019 to be raised in a
proportionate manner based on the assessed value of the BIA Properties as
provided by the Municipal Property Assessment Corporation.
3.The BIA Levy shall be due and payable on the scheduled due dates of the final
property tax bills as established by the Town.
4.There shall be a penalty imposed for non-payment of the BIA Levy on the due
date in the amount of 1.25 per cent of the amount due and unpaid on the first day
of each calendar month thereafter in which default continues up to and including
the end of the current year.
5.There shall be added and charged an interest rate of 1.25 per cent per month or
fraction thereof, to all amounts unpaid after December 31, 2019 until they are paid.
6.The BIA Levy shall have priority lien status and shall be added to the tax roll, and
shall be collected in the same manner as taxes.
7.This by-law shall be administered and enforced by the Town.
Enacted by Town of Aurora Council this 25th day of May, 2019.
om Mrakas, Mayor
;ld_ Michael de Rond, Town Clerk