December 3, 1998
To:Strategic Policies and Priorities Committee
From:Wanda A. Liczyk
Chief Financial Officer & Treasurer
Subject:By-law to Amend Phase-In By-law
Purpose:
To obtain Council's authority for the establishment of a by-law to amend By-law No. 472-98, being a by-law "To
Phase-in 1998 Assessment-Related Tax Increases and Decreases for the Residential Property Class".
Recommendation
It is recommended that authority be granted for the introduction of a bill in Council substantially in the form of the draft
by-law attached as Appendix "A" hereto, providing for technical amendments to By-law No. 472-98.
Background:
At its meeting on July 21 and 23, 1998, City Council adopted By-law No. 472-98 (attached as Appendix "B") which
allows for the phase-in of 1998 assessment-related tax increases and decreases for the residential property class over a five
year period (1998 to 2002 inclusive). The authority to enact and amend a phase-in by-law is limited by legislation to
1998.
In order to allow for the calculation of taxes payable to be made in the years 1999 to 2002 inclusive, clauses 3(1) (a) and
4(1) (a) of By-law-No. 472-98 require amendment. Further amendments are required to clarify that the by-law only
applies to properties classified as residential/farm in 1998 and to correctly identify the name of the property class, as
defined by Ontario Regulation No. 390/98, to which the by-law applies.
The City Solicitor concurs with the above mentioned recommendations.
Contact Names:
Giuliana Carbone
392-6085
Paul Wealleans
397-4208
Wanda A. Liczyk
Chief Financial Officer & Treasurer
attachments
a:/by-lawamendphase-inby-law.doc
