hordruma/ontario_laws_and_regs huggingface dataset:
Extension agreements
8. (1) A municipality, by a by-law passed after the registration of the tax arrears certificate and before the expiry of the one-year period mentioned in subsection 9 (1), may authorize an extension agreement with the owner of the land extending the period of time in which the cancellation price is to be paid and the agreement may be subject to such terms and conditions relating to payment as are set out in it, but it shall not, (a) reduce the amount of the cancellation price; or (b) prohibit any person from paying the cancellation price at any time. Mandatory contents (2) Every extension agreement entered into under subsection (1) shall state, (a) when and under what conditions it shall cease to be considered a subsisting agreement; (b) that any person may pay the cancellation price at any time; and (c) that it terminates upon payment of the cancellation price by any person. Calculation of time (3) The period during which there is a subsisting extension agreement shall not be counted by the treasurer in calculating the periods mentioned in subsection 9 (1). Inspection of extension agreement (4) The treasurer, on the request of any person, shall permit the person to inspect a copy of an extension agreement entered into under this section and shall provide copies thereof at the same rate as is charged under section 74 of the Municipal Act. Cancellation certificate (5) When the terms of an extension agreement have been fulfilled, the treasurer shall forthwith register a tax arrears cancellation certificate in the prescribed form. R.S.O. 1990, c. M.60, s. 8.