Bylaw No. 958, 2019 Infrastructure Levy Bylaw
What this bylaw is for
The bylaw text
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TOWN OF PRINCETON
BYLAW No. 958, 2019
INFRASTRUCTURE LEVY BYLAW
A bylaw to establish an infrastructure levy
WHEREAS the Community Charter Section 194 (1) (a) allows the Council of the Town of Princeton to impose a fee payable in respect of all or part of a service of the municipality, and;
WHEREAS the Council of the Town of Princeton has found it necessary to increase the amounts of funds that are placed in reserve to support future improvements, equipment, and other capital needs of the Town Water and Sewer systems;
NOW THEREFORE the Council of the Town of Princeton, in open meeting assembled,
ENACTS AS FOLLOWS:
1. An infrastructure reserve levy is hereby established. The purpose of this levy is to
assist in increasing reserves for future improvements to the Water and Sewer systems within the town.
2. All funds raised by this levy will be placed into the sewer system improvements
reserve fund or the water system improvements reserve fund by December 31 of the year of its collection. The distribution of revenues to these funds will be detailed in Schedules “B” (Liquid Waste Fees and Charges) and “C” (Waterworks fees and Charges) of the Town of Princeton Fees and Charges Bylaw and any amendments to this bylaw as passed by Council from time to time.
3. That this bylaw be cited for all purposes as the “Town of Princeton Infrastructure
Levy Bylaw No. 958, 2019
READ A FIRST AND SECOND TIME THIS 19th day of February 2019 READ A THIRD TIME THIS 4th day of March, 2019 ADOPTED THIS 18th day of March, 2019
Mayor Spencer Coyne Chief Administrative Officer Lyle Thomas Original signed by Mayor Coyne
Original signed by CAO Thomas