HomeMy WebLinkAboutAdmin 53-84CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623-3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING
HELD JUNE 18 1984
ADMIN. 53 - 84
SUBJECT: MEMORIAL PARK ASSOCIATION REQUEST FOR
FINANCIAL ASSISTANCE_
RECOMMENDATIONS:
It is tespectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That this report be received;
2. That in lieu of considering the Memorial Park grant request
in conjunction with the 1985 budget discussions Council pass
the attached by-law for an interest free loan of $15,000
for a term of 6 years with no single year's repayment being
less than $1,000;
3. That the monies for the loan be drawn from the Parkland Reserve
Fund; and
4. That all monies received towards the repayment of the loan be
credited to the Parkland Reserve Fund.
BACKGROUND AND COMMENT:
At the June 4th General Purpose and Administration Committee meeting
a request was made for staff to investigate with the Memorial Park
Association the possibility of making an interest free loan to the
Association this year .and consider their grant application in 1985.
On Tuesday, June 5th members of staff met with officials of the
Memorial Park Association to discuss a wide range of actions for
financing the extension to the building.
After reviewing the options, the representatives felt that it would
be more in keeping with the history of the Association to withdraw
their request for a grant from the Town and in the alternative request
an ihterest free Loan. The loan would be in the amount of $15,000
and would be repaid over a number of years.
ADMIN. 53 - 84
Association representatives made it quite clear that if they
received an InLeresL free Loan, they would not he requeuLing grunt montes
to retire their debt in subsequent years. This funding arrangement
distinguishes the Memorial Park Association from other requests made
this year and would not undermine Council policy with respect to
municipal grants. If Council is inclined to honour the request for an
interest free loan for longer than the duration of this term of
Council, it will require that the attached by-law be adopted and
submitted to the Ontario Municipal Board under Section 113 of The
Municipal Act.
For the information of Council members, I am attaching two letters
received from the Memorial Park Association confirming their
preference in terms of the loan and the arrangements of the Association
with respect to the proposed addition.
DSJ:nof
att.
Respectfully submitted,
j/
i
David S. Johnston, M.C.I.P.,
Chief Administrative Officer
June 6, 1984
To AdmiuLwQuLor
Mr. D. Johnston
de: Memoricl Park Association
Dear Sir:
Following our meeting with you as of June 5/84, our
executive committee is in accord., that we forego any
application for senior govornment grants.
that we would like is an interest -Free loan which
has been discussed and approved by General Purpose and
administration committee.
The full amount of the loan recuostea would be $15,000.00
As our aas•oein.tion bus. Ownys bean self sufficient,
we would endeavour to repay this interest free loan in
approximately lit oo years.
Our past rerform=ince would show that this commitment
would be carried through.
Thank you for :your interest -anj cooperation.
RIE C7-7tT.VED
JUN - 7 1984
by
ADMINISTRATORS OFFICE
Yours truly,
President
Vice
Treasurer
f ! �t4 <1_
June 11, 1984.
To Administrator,
Mr. D. Johnston.
?e: Memorial Park association
Dear Sir:
At the February lst, general membership
meeting, a building committee was appointed.
w
This committee was to consist of the
following members, Pat Lunn, Jack Nidd_ry,
Reta Junkin, Pat Griffin, Penny Connahan, and ,
Onie Etcher.
This committee to be res�)onsible for all
aspects of the proposed new addition.
Yours truly,
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW
being a by-law to authorize payment of $15,000 by way
of a loan to the Memorial Park Association to expand the
Memorial Park Hall Building.
WHEREAS Section 113 of the Ontario Municipal Act, R.S.O. 1980, provides
that by-laws may be passed to allow the Corporation to make loans to any
association or body for which the Corporation deems such association or
body has a vested interest in the Municipality;
WHEREAS the Memorial Park Association has received approval from the
Corporation of the Town of Newcastle to expand the Memorial Park Hall
Building;
NOW THEREFORE, the Council of the Corporation of the Town of Newcastle,
pursuant to Section 113 of the Ontario Municipal Act, R.S.O. 1980,
ENACTS AS FOLLOWS:
1. That Council approve the expansion to the Memorial Park Hall Building
as set out in the application for a building permit to the Corporation
of the Town of Newcastle; and
2. That the Memorial Park Association be granted an interest free loan
in the amount of $15,000; and
3. That said loan be repaid over a 6 (six) year period, commencing
in December 1985 from revenue generated by the Memorial Park
Association, with no one year's payment being less than $1,000; and
4. That this by-law shall come into effect on the date of passing,
subject to the provisions of the Ontario Municipal Board Act,
Section 64(1), R.S.O. 1980.
By -Law read a first and second time this
By -Law read a third and final time this
Mayor
Clerk