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4. Section 3 applies except where the‘taxes payable in respect of the eligible
improvements or the assessed value of the eligible improvements is less than an
amount prescribed by the Lieutenant Governor in Council! pursuant to Section 3(5)
of the Provincial-Municipal Partnership Act.

The municipal tax exemption referenced in Section 3 above shall apply until
December 31, 1990.

This Bylaw may be cited as "industrial! Property Tax Relief Bylaw, 1986, No.
2165",

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