50-2011 Tax Rate Reduction for Kingsville Affordable Housing Project... (2)

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THE CORPORATION OF THE COUNTY OF ESSEX BY -LAW NUMBER 50 -209.1 BEING A BY -LAW TO AUTHORIZE A SINGLE RESIDENTIAL TAX RATE FOR COUNTY PURPOSES FOR THE MUNICIPAL CAPITAL FACILITY FOR AFFORDABLE HOUSING LOCATED ON THE NORTH SIDE OF PROSPECT STREET IN THE TOWN OF KINGSVILLE AND REPEAL BY -LAW 03 -2011 WHEREAS Section 110(6) of the Municipal Act 2001, 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 December 13, 2010, the Council of the Town of Kingsville enacted By -law 182 -2010 authorizing a single residential tax rate for lower tier municipal purposes for the municipal capital facility for affordable housing located at the corner of Prospect and Lansdowne in the Town of Kingsville, legally described as Part of Lot 1, Concession 1 ED in the former Township of Gosfield South, more particularly described as 12R -23675 Parts 1 and 2 (Roll #37- 11 -170- 000- 091 -50 -0000) (the "Premises ") be assessed at a single residential tax rate for municipal purposes effective from the date that the first unit of affordable housing on the Premises is occupied by a tenant selected in accordance with the Canada- Ontario Housing Program. AND WHEREAS at its meeting of January 19th, 2011, Essex County Council enacted By -law 03 -2011 authorizing a single residential tax rate for county purposes for the Premises be assessed at a single residential tax rate for municipal purposes effective from the date that the first unit of affordable housing on the Premises is occupied by a tenant selected in accordance with the Canada - Ontario Housing Program. AND WHEREAS the Housing Provider has disposed of a portion of the Premises, being Parts 1, 2 and 3 on Plan 12R- 24781, and is the owner of the remaining lands located on the north side of Prospect Street in the Town of Kingsville, legally described as Part of Lot 1, Concession 1 ED in the former Township of Gosfield South, more particularly described as Parts 1 and 2 on 12R23675, save and except for Parts 1, 2 and 3 on Plan 12R -24781 (the "Subject Premises ").