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THE CORPORATION OF THE COUNTY OF ESSEX <br />BY -LAW # 29 -2011 <br />A BY -LAW TO ADOPT OPTIONAL TOOLS FOR THE <br />-- -- - - -- - - -- <br />PU OF ADMINISTERING LIMITS - FOR - -- -- <br />ELIGIBLE PROPERTIES WITHIN THE MEANING OF <br />SECTION 331 (NEW CONSTRUCTION) FOR THE <br />COMMERCIAL, INDUSTRIAL AND MULTI - <br />RESIDENTIAL PROPERTY CLASSES for 2011 <br />WHEREAS the Corporation of the County of Essex (hereinafter <br />referred to as "The Municipality ") may, in accordance with section <br />329.1 of the Municipal Act, 2001, S.D. 2001 c.25, as amended <br />(hereinafter referred to as "The Act') modify the provisions and limits <br />set out in section 331 of The Act, with respect to the calculation of <br />taxes for municipal and school purposes payable in respect of property <br />in the Commercial, Industrial and Multi - Residential property classes; <br />AND WHEREAS the Council of The Municipality may pass a by -law to <br />adopt the provisions of Section 329.1 of The Act whereby a "floor" or <br />minimum uncapped tax percentage applies to eligible properties in one <br />or more of the uncapped classes; <br />AND WHEREAS this by -law shall only apply to properties in the <br />Commercial, Industrial and Multi - Residential property classes to which <br />Part IX of The Act applies; <br />AND WHEREAS in this by -law, "uncapped taxes" means, the taxes for <br />municipal and school purposes that would be levied for the taxation <br />year but for the application of Part IX of The Act; <br />AND WHEREAS the Council has reviewed the provisions of Section <br />329.1 of The Act and hereby deems it necessary and appropriate to <br />adopt optional tools for the purpose of providing minimum amounts for <br />properties subject to the provisions of Section 331 for the Commercial, <br />Industrial and Multi - Residential property classes: <br />NOW THEREFORE the Council of the Corporation of the County of <br />Essex hereby enacts as follows: <br />