1. A frontage tax shall be and ts hereby imposed and levied upon the Parcels. of Land set. forth in Column I of Schedule “A" of this By-law, which said Schedule 1s attached hereto and forms a part hereof, 2. The frontage tax shall be levied each year for a period of ten (10) years, as provided by the "Local Improvement Charge By-law, 1969, No. 912", as amended, commencing in the: year 1980 and shall be collected annually by the Collector of the City at the same time and in the same manner as other annual rates and taxes, and shall be subject to the same penalties for non-payment and the amount thereof, except as otherwise provided, will be the preduct of the taxable foot-frontage and the | annual rate, 3. The annual rate shall be $2.29 per front foot of taxable foot frontage as provided by the “Local Improvement Charge By~law, 1969, No. 912", es amended. 4. The frontage tax imposed herein shall, save as directed by the Court of Revision, be imposed on the respective parcels in the manner set forth in Column It of Schedule "A" opposite the description of the parcel in Column I, 5. The frontage tax collected as aforesaid Shall be paid into the General Revenue Fund of the City, 6. Tha provisions of the "Local Improvement Charge By-law, 1969, No. 912", as amended, shall apply to this By-law with respect to the commutation .- eof the annual frontage tax. 7. The Collector shall forthwith prepare a Frontage Tax Assessment Roll in respect of the hereinbefore deseribed parcels in accordance with the provisions of the "Municipal Act" and che “Local Improvement Charge By-law, 1969, No. 912", as amended, which said Assessment Roll shall, from time to time, be revised by the Collector in accordance with the provisions of the Municipal Act. 8. This By-law may be cited for ali purposes an the "Newberry Street Paving, Extruded Concrete Curb and Storm Sewer Local Improvement Assessment By~ law, 1960, No. 1730",