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Page 2 <br />By -law Number 23-2010 (cont'd) <br />AND WHEREAS Sections 315 and 322 of the Municipal Act, <br />2001, S.O. 2001, c.25, as amended, provide for the <br />apportionment of payments in lieu of taxes and taxation of <br />certain railway and power utility lands, and for the number of <br />installments and due dates thereof and the rate of interest to be <br />paid on the amount in default if a local municipality fails to make <br />a payment, or portion thereof; <br />AND WHEREAS tax rates for each property class will be <br />calculated for County purposes; <br />NOW THEREFORE THE COUNCIL OF THE CORPORATION OF <br />THE COUNTY OF ESSEX enacts as follows: <br />1. That the 2010 assessment per property class as detailed in <br />Schedule 3 attached hereto and forming part of this by- <br />law, be adopted for purposes of calculating the tax rates <br />for County purposes and for determining the levy on all <br />County municipalities. <br />2. That the estimated share of payments in lieu of taxes and <br />taxation for certain railway and power utility lands as set <br />out in Schedule 4 attached hereto and forming part of this <br />by -law be adopted. <br />3. That the amount to be raised by tax rates for County <br />purposes in the amount $ 67,796,916 as set out in <br />Schedule 5 attached hereto and forming part of this by -law <br />be adopted. <br />4. That in accordance with the calculations set out in <br />Schedule 6 attached hereto and forming part of this by- <br />law, the tax rates to be applied on the rateable assessment <br />in each local municipality for County purposes, shall be as <br />follows: <br />