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l <br />Page 2 <br />By -law Number 3335 -98 (cont'd) <br />AND WHEREAS Sections 368.3 and 371.1 of the Municipal Act, Chapter M.45, <br />R.S.O. 1990, and amendments thereto provide for the apportionment of payments in lieu <br />of taxes and taxation of certain railway and power utility lands, and for the number of <br />installments and due dates thereof and the rate of interest to be paid on the amount in <br />default if a local municipality fails to make a payment, or portion thereof; <br />AND WHEREAS tax rates for each property classes will be calculated for County <br />general purposes and for County Library purposes; <br />NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE <br />COUNTY OF ESSEX enacts as follows: <br />1. That the 1998 assessment per property class as detailed in Schedule 3 attached <br />hereto and forming part of this by -law, be adopted for purposes of calculating the <br />tax rates for County general purposes and for determining the levy on all County <br />municipalities. <br />2. That the 1998 assessment per property class as detailed in Schedule 4 attached <br />hereto and forming part of this by -law, be adopted for purposes of calculating the <br />tax rates for County Library System. <br />3. That the estimated share of payments in lieu of taxes and taxation for certain <br />railway and power utility lands as set out in Schedule 5 attached hereto and <br />forming part of this by -law be adopted. <br />4. That the amount to be raised by tax rates for County general purposes in the <br />amount $ 36,028,627 as set out in Schedule 6 attached hereto and forming part of <br />this by -law be adopted. <br />5. That the amount to be raised by tax rates for County Library purposes in the <br />amount $ 1,880,024 as set out in Schedule 6 attached hereto and forming part of <br />this by -law be adopted. <br />6. That in accordance with the calculations set out in Schedule 7 and Schedule 8 <br />attached hereto and forming part of this by -law, the tax rates to be applied on the <br />rateable assessment in each local municipality for county general purposes, and the <br />tax rates to be applied on the rateable assessment in each of the local municipalities <br />in the Essex County Library System for County library purposes, shall be as <br />follows: <br />