April 26th, 197 system is established; the mill rate > vould drop from about 49 to ‘lo or aq wills, cs . with the same number of dollars raised. ~The city ‘Administrator stated that steht now wa the residential assesstient ds at 37% of the market value as ‘coupated te! Vanane “ o land at 19%, and a’ two folt systen will stlow taxes tobe equalized. Alderman — Meyer stated he hough. that taxes would rise for residential properties evéa with | @. reduced mill rate; however the Assessor advi sed this would not occur’ at present. _ ir because assessments on vacant land are » atdo'v very low. 1 Alderman Hanger conmented that the two roll system would | provide more equitable | ‘taxation and that the single ae family | homeowner would benefit. Alderman Thompson comment? A that two years ago he had suggested that the Council should Investigate the | two roll systen, and ‘that. he would support a motion establishing a. ‘two roll system. Alderman aking : stated he . 7 felt the two roll system. is. the most equitable; ‘however, ‘he pointed out that’ the. city, may stand to lose a considerable. amount - of money from thé Government in rant ' £or sewerage treatment. Alderman Traboulay referred ‘to a | report submitted by the City Administrator in 1970 ) recomending the. one roll system, and inquired what has. happened te change. his mind. The Cty Adninistrator advised that in particular — there has been a deter toration in assessment ‘levels, andthe city Assessor connen- ted that in 1969" the average- lot was worth. approximately $3, 500. 00. as “compared to . “ the present value of between. $11, 090.00 and $12,000.00. Aiderman Traboulay tnguie- | ed how much it would cost: an: additional: staff and equipment to implement a. two 28 roll. system, and: the. City Administrator. advised: ‘that: additional staff ts: not. re~ quired for this particular problen, and that. as the operation would be- progrenned by computer , “it: will: not. be: necessary to: purchase any ‘equipment. A Alderman Meyer, mover of the foregoing resolution, and Alderman Traboulay “(atio had: been the: secon der), then stated. they would. be willing to withdraw the - foregoing notion, and. che Mayor declared that-it had been withdrawn. -Moved: by Alderman Meyer: a - Seconded by: Aldernan Traboulay: That as recommended in a report: from | the City Administrator, “April 3th, 19795 2.» the Clerk: be authorized ‘to. prepare. the necessary by-law. to establish a: separate roli- for ‘general purposes, and that the change be ‘brought: into. effect for the. 1974 Assessment roll. ee.00 she te J ead . oe oe ee : _ . | Tabled. | Prior to: the question being called, on ‘the: foregoing resolution,: a. discussion cm ensued and: His: Worship the Mayor stated he. felt ‘the ‘two-rol. system. has: erst ee ‘that it basically would raise ‘the assessment of ‘undeveloped. property: and ‘thus prow : vide more: equality than at - the. present. time. Alderman Laking again stated his ‘e6n | cern in ‘changing. £0 a: two-roll. systen,. particularly in view of. the. cost: “for secon dary treatment of. ‘sewage required by the Provincial Government, and that he felt