Report to: General Committee Report Date: May 3, 2010
SUBJECT: 2010 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 2010 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 Markham
Business Improvement Area in the amount of $215,327;
AND THAT staff be authorized and directed to do all things necessary to give effect to this resolution.
EXECUTIVE SUMMARY:
Not applicable
PURPOSE:
The purpose of this report is to obtain
authorization for the levy of a special charge against rateable business properties
in the Unionville Business Improvement Area in the amount of $199,500
and in the Markham Business Improvement Area in the amount of $215,327.
BACKGROUND:
The Municipal Act, 2001 provides that the Council of a local municipality shall raise the amount required for the purposes of a board of management of each Business Improvement Area (BIA) within the municipality through a special charge against all rataeble business properties within the boundaries of each BIA.
OPTIONS/ DISCUSSION:
Committee has before it today the 2010 budgets for the Markham Business Improvement Area and the Unionville Business Improvement Area for approval.
This report and bylaw authorizes the Town to collect the BIA’s levies and must be approved by Council prior to its summer break to permit the Town to bill the BIA levy with the commercial tax bills. These bills must be in the mail the week of September 8th to meet the new instalment due date of October 6th.
FINANCIAL CONSIDERATIONS:
The tax rates have been calculated to achieve the revenue requirements of the 2010 budgets, as approved by Town of Markham Council for the Unionville Business Improvement Area and the Markham Business Improvement Area.
FINANCIAL CONSIDERATIONS:
Not applicable
HUMAN RESOURCES CONSIDERATIONS
Not applicable
ALIGNMENT WITH STRATEGIC PRIORITIES:
Not applicable
BUSINESS UNITS CONSULTED AND AFFECTED:
Legal Services Department.
RECOMMENDED
BY: ________________________ ________________________
Joel Lustig, Treasurer Andy Taylor, Commissioner
Corporate
Services
ATTACHMENTS:
Appendix A - Draft Business Improvement 2010 Special Charge Bylaw
Appendix A: Draft Business
Improvement Areas
2010 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
.
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
1. The sum of $215,327 shall be
levied on non-residential properties located within the boundaries of the Town
of
ASSESSMENT TAX TAXES
RATE
Commercial (CT/ST) $48,299,083 0.445820% $215,327
2. The sum of $199,500 shall be levied on non-residential properties located
within the boundaries of the Town of
ASSESSMENT TAX TAXES
RATE
Commercial (CT/ ST) $29,626,118 0.673392% $199,500
READ A FIRST, SECOND AND THIRD TIME AND PASSED THIS 25th DAY OF
MAY 2010.
________________________ _______________________
Town Clerk