Title
2012 Special Tax Rate (Bylaw 13-2012)
Proposed Motion
That Bylaw No. 13-2012 receive all three readings.
Body
Administration Recommendation
Administration supports the proposed motion. All three motions are recommended at this time so tax notices can be mailed before the end of May.
Purpose
Pursuant to Part 10 Division 5 of the Municipal Government Act (MGA), sepcial tax bylaws must be passed by council annually. This bylaw authorizes a special tax levy for the repair maintenance and upgrading of the water supply and distribution system in Acheson Industrial Area, Parkland Industrial Estates and Parkland Business Park.
Summary
The 1998 Acheson Industrial Area Long Range Water Plan recommended replacing the existing water line service charge with a special levy which would be applied against all lots capable of benefiting from the Acheson Fire Protection system. The water line service charge was eliminated in the 1999 fiscal year and replaced with a special levy which can only be collected through a Bylaw passed on an annual basis. The rates for 2012 will be $0.4477 for each $1,000 of assessed value to a maximum assessed value of $5,000,000.
Strategic Plan/Policy/Legal/Staff Implications (As Required)
Part 10 Division 5 of the MGA
Financial Impact:
Cost: $230,000
Source of Funding: Special Tax Levy