41-2015 Affordable Housing Tax Exemption in Kingsville

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County of Essex The Corporation of the County of Essex By -Law Number 41-2015 A By-law to authorize a single residential tax rate for county tax purposes for the municipal capital facility for affordable housing at 215 Prince Albert St. N., in the Town of Kingsville. Whereas Section 110 (1) of the Municipal Act, 2001, as amended provides that the council of a municipality may enter into agreements for the provision of municipal capital facilities by any person; Whereas Section 110(6) of the Municipal Act 2001, as amended, provides that the council of a municipality may pass by-laws exempting property, or a portion of it, from taxation for municipal and school purposes on which municipal capital facilities are located; and And Whereas paragraph 18 of section 2 of Ontario Regulation 46/94, as amended, prescribes municipal facilities for municipal housing project facilities as eligible municipal capital facilities; And Whereas, at its meeting of August 11, 2008, the Council of the Town of Kingsville enacted By-law 111-2008 authorizing an agreement with the City of Windsor, pursuant to the Canada -Ontario Affordable Housing Program to support the application of 1552933 Ontario Ltd. (herein, the "Housing Provider") for property located at 215 Prince Albert St N in the Town of Kingsville, legally described as CON 1 WD PT LOT 1 PT LOT 2 (Roll 37-11-120-000-00700-0000)(the "Premises"); Now therefore the Council of the Corporation of the County of Essex hereby enacts as follows: 1. Thirteen residential units on the Premises shall be assessed at a single residential tax rate for county tax purposes while this by-law is in force and so long as the Premises are used by the Housing Provider as a municipal capital facility, namely as affordable housing.