HOME > MINUTES > February 19, 2008 > January 24, 2008 - Special Meeting > January 10, 2008

Town of Cormack, Newfoundland
Special Council Meeting
January 24, 2008

Minutes of a Special Meeting of the council of the Town of Cormack, held in the Community Centre, January 24, 2008 at 9:20 P.M.

Members Present:

Mayor W. Hewitt
Deputy Mayor A. Alexander
Councillor A. Chaffey
Councillor C. Pelley
Councillor M. Rideout

Also Present: Town Clerk Manager Cynthia Fry

Meeting called to order by the Mayor.

The purpose of the Special Meeting was to resolve some important matters including resolution of the 2008 Municipal Budget.

1. 2008 Municipal Budget and Tax Structure

Resolution 08- 008: Alexander/Pelley

|The 2008 Municipal Budget|

Revenue:
Taxes $238,566
Sales of Goods and Services $130,845
Other Revenue from Own Sources $ 10,350
Government Transfers $ 64,658
Other Transfers $ 22,273 Total $466,692

Expenditure:
General Government   $121,600
Protective Services $ 23,250
Transportation Services   $141,160
Environmental Health $ 25,732
Planning and Development $ 20,385
Recreation and Cultural Services $ 15,550
Fiscal Services   $119,015 Total $466,692

|2008 Municipal Tax Schedule|

Category Example given Tax Rate
 1 home based business $ 125
 2 retail with gas 13.00 mills
 3 tourism, housekeeping units, markets 3.50 mills
 4 manufacturing 6.00 mills
 5 contracting, equipment hire, trucking 12.50 mills
 6 sawmills, auto wreckage, salvage yards, garages 12.50 mills
 7 agricultural 5.50 mills
 8 processors 14.00 mills
 9 other 11.00 mills
10 retail without gas 11.00 mills
11 gross revenue/no fixed place of business 4.00 mills
12 mineral workings 10.00 mills
13 commercial logging operations $ 250
Categories 2 to 12 Minimum Business Tax $ 250
Property Tax (Residential and Business)  7.00 mills
Minimum Property Tax $ 280
Minimum Business Property Tax $ 280
Poll Tax $ 240
Utility Tax (Based on Gross Revenue) 2.5 percent
5 for, 0 opposed, carried.

2. Terms and Payment Provisions

Motion 08- 009: Rideout/Alexander
The due date for all taxes levied by the Town of Cormack is March 31, 2008 after which date the unpaid balances are in arrears and subject to interest charges of 9.75 % annual rate to be applied monthly. The town will provide a discount of 5% on 2008 Property Tax, Business Tax (excluding the Utility Tax) and Poll Tax up to and including March 15, 2008. A payment plan can be arranged with the town with the following stipulations:
* the plan must be in place with the town by March 31, 2008
* payments must be no less than the minimum of equal payments made over the period of the plan
* payments must be received in each of the months, failure to receive payment will result in cancellation of the payment plan
* upon final payment, and all terms and conditions being met, the interest charges accumulated against the current year's tax account will be written off (from the start of payment plan).

5 for, 0 opposed, carried.

3. Borrowing of Province's Share

Resolution 08- 010: Pelley/Rideout
It is duly resolved that the Town of Cormack borrow the sum of $61,000 plus the amount required to cover total capitalized interest, representing the government guaranteed loan on project 2005203.
5 for, 0 opposed, carried.

4. Borrowing of Town's Share

Resolution 08- 011: Rideout/Alexander
It is duly resolved that the Town of Cormack borrow the sum of
$53,712 funding for the town's share of project 2005203
5 for, 0 opposed, carried.

5. Interim Borrowing for GST portion of Town
Resolution 08-012: Rideout/Alexander
It is duly resolved that the Town of Cormack borrow the sum of $11,387, gst rebate (interim borrowing) funding for project 2005203.
5 for, 0 opposed, carried.

6. Sponsorship of Junction Brook Trail Blazers
Resolution 08- 013: Pelley/Alexander
Council resolved to a corporate sponsorship of the Junction Brook Trail Blazers in the amount of $200.00.
5 for, 0 opposed, carried.

7. Formal Request for Increased Funding
Motion 08-014: Rideout/Alexander
Since it appears that additional funding will be necessary to complete the ARDAHC project as envisioned, the Town will make a formal request to Atlantic Canada Opportunities Agency (ACOA) for an amendment to increase the original contract amount. 5 for, 0 opposed, carried.

8. Other Matters
- It is agreed in principle that the town will lend some form of assistance in the reconstruction phase of Pentecostal Parsonage.
- Discussion on complaints of noise from the sawmill.
- The construction of kitchen cabinets must be done by carpenters whose work can be vouched for.

9. Adjournment
Motion 08-015: Alexander/Pelley
To adjourn.
5 for, 0 opposed, carried.

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