Report to: General Committee Date
of Meeting: June 23, 2008
SUBJECT: 2008 Business
Improvement Areas Levy Bylaw
PREPARED BY: Paul Wealleans, Director, Taxation
RECOMMENDATIONS:
THAT a
by-law be approved to provide for the levy and collection of a special charge
against all rateable property in a business property class in the Unionville
Business Improvement Area in the amount of $199,500 and in the Old Markham
Business Improvement Area in the amount of $202,185;
AND THAT staff be
authorized and directed to do all things necessary to give effect to this
resolution.
EXECUTIVE SUMMARY:
Not applicable.
Council has approved
the budgets of both the Unionville Business Improvement Area and the Old
Markham Business Improvement Area.
This report
recommends that Council approve the attached draft by-law that will provide the
authority for the levy of a special charge against business properties in both
BIAs.
FINANCIAL CONSIDERATIONS:
The tax rates have been calculated to achieve the revenue
requirements of the 2008 budgets, as approved by Town of Markham Council for the Unionville Business
Improvement Area and the Old Markham Business Improvement Area.
ENVIRONMENTAL CONSIDERATIONS:
None
ACCESSIBILTY CONSIDERATIONS:
None
ENGAGE 21st CONSIDERATINS:
None
BUSINESS UNITS CONSULTED AND AFFECTED:
Legal
Services Department
RECOMMENDED
BY: ________________________ ________________________
Barb Cribbett, Treasurer Andy
Taylor, Commissioner
Corporate
Services
Q:\Finance\SHARED\2008 General Committee Finance\835
2008 BIA Levy Bylaw.doc
Appendix A: Draft
Business Improvement Areas
2008 Special
Charge By-law
A by-law to provide for
the levy and collection
of sums required by the Unionville
Business Improvement Area and the Old Markham
Business Improvement Area for the year 2008
.
WHEREAS Section 312 of
the
Municipal Act, 2001, S.O. 2001, c.25, provides that
the Council of a local municipality shall, after the adoption of estimates for
the year, pass a by-law to levy a separate tax rate on the assessment in each
property class, and;
WHEREAS Sections 307 and 308 of the said Act require taxes to
be levied upon the whole of the assessment for real property according to
amounts assessed under the Assessment Act, R.S.O. 1990, cA.31 and that
tax rates to be established in the same proportion to tax ratios, and;
WHEREAS Section 205 of the said Act
requires that a board of management of a business improvement area shall
prepare a budget for each fiscal year and shall hold one or more meetings of
its members of the improvement area for discussion of the proposed budget and
submit the budget for approval by council, and;
WHEREAS Section 208 of the said Act
requires that the municipality shall raise the amount required for the purposes
of the board of management by a special charge by levy upon rateable property
in the improvement area that is in a prescribed business property class.
BE IT THEREFORE ENACTED BY
THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF MARKHAM THE FOLLOWING:
1. The
sum of $202,185 shall be levied on non-residential properties located
within the boundaries of the Town of Markham's
OLD MARKHAM VILLAGE BUSINESS IMPROVEMENT
AREA for the year 2008, such amount to be provided for as follows:
ASSESSMENT TAX TAXES
RATE
Commercial (CT/ST) $40,097,550 0.504228% $202,185
2. The
sum of $199,500 shall be levied on
non-residential properties located within the boundaries of the Town of Markham's UNIONVILLE BUSINESS IMPROVEMENT AREA
for the year 2008, such amount to be provided for as follows:
ASSESSMENT TAX TAXES
RATE
Commercial (CT/ ST) $25,849,447 0.771777% $199,500
READ A FIRST, SECOND AND THIRD TIME
AND PASSED THIS 24 DAY OF
JUNE 2008.
________________________ _______________________
Sheila Birrell, Town Clerk Frank
Scarpitti, Mayor