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Page 2 <br />By -law Number 19 -2011 (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 apportionment <br />of payments in lieu of taxes and taxation of certain railway and <br />power utility lands, and for the number of installments and due <br />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 <br />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 2011 assessment per property class as detailed in <br />Schedule 3 attached hereto and forming part of this by -law, <br />be adopted for purposes of calculating the tax rates for <br />County purposes and for determining the levy on all County <br />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 out <br />in Schedule 4 attached hereto and forming part of this by -law <br />be adopted. <br />3. That the amount to be raised by tax rates for County <br />purposes in the amount $ 70,150,363 as set out in Schedule <br />5 attached hereto and forming part of this by -law be adopted. <br />4. That in accordance with the calculations set out in Schedule 6 <br />attached hereto and forming part of this by -law, the tax rates <br />to be applied on the rateable assessment in each local <br />municipality for County purposes, shall be as follows: <br />