Item - 2013.EX35.10

City Council on November 13, 14, 15 and 18, 2013, adopted the following:

1.         City Council direct that the 2014 interim levy for all property classes be based on 50 percent of the total 2013 taxes billed for each property, adjusted, as necessary, to reflect any additional taxes added to the previous year's taxes as a result of assessment added to the tax roll.

2.         City Council direct that the 2014 interim levy by-law provide that the interim levy will apply to assessments added to the tax roll for 2013 that were not on the assessment roll when the by-law was passed.

3.         City Council direct that the Interim Bill payment due dates for property tax accounts paid on the eleven (11) instalment pre-authorized tax payment plan be: February 18, March 17, April 15, May 15, and June 16, 2014.

4.         City Council direct that the Interim Bill payment due date for the two (2) instalment pre-authorized tax payment plan be March 3, 2014.

5.         City Council direct that the Interim Bill payment due dates for all other property tax accounts on the regular instalment option or on the six (6) instalment pre-authorized tax payment plan be: March 3, April 1, and May 1, 2014.

6.         City Council authorize:

a.         the collection of interim taxes;

b.         imposing a penalty charge for non-payment of interim taxes at a rate of 1.25 per cent of taxes due and unpaid and the addition of such charges on the first day of default; and

c.         imposing an interest charge on all outstanding taxes accruing from the first day of default at a rate of 1.25 per cent per month.

7.         City Council authorize the introduction of the necessary bill in Council on November 13 and 14, 2013, providing for the levying and collection of the 2014 interim taxes prior to the adoption of the estimates for 2014, which by-law, when enacted, will be effective as of January 1, 2014.