HomeMy WebLinkAbout74-45
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AMENDED BY d
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BY.LAW..,;J.........
THE CORPORATION OF THE
TOWN OF NEWCASTLE
By-Law Noo 74-45
A by-1m1 to authorise the construction of
a Community Sports Centre on Taunton Road
WHEREAS application has been made to the Ontario Municipal Board for the
construction of a Community Sports Centre at an estimated cost of $890,500
subject to an estimated Grant of $51,500 under l-linter Capital Projects and;
WHEREAS approval has been received from the Ontario Municipal Board for
the said expenditure together with approval for debentures in the amount of
$839,000 to be issued over a term of l5 years;
THEREFORE the Council of the Corporation of the Town of Newcastle enacts
as follows:-
1. THAT a Community Sports Arena be constructed on Taunton Road, West of the
M. J. Hobbs School.
2. THAT the est~ted cost will be $890,500 subject to anesimated Winter
Capital Projects Grant of $51,500.
3. THAT the estimated balance of $839,000 be debentured over a period of 15
years.
4. THAT the said construction shall be under the Supervision of Jackson, Ypes
Associates, Architects.
5. THAT the Mayor and Clerk be and are hereby autborised to do all acts and sign
all documents and affix the Corporate Seal of the Town thereto as may be necessary
in connection with the making of contracts and other matters for the completion
of the said undertakings.
6. THAT the Treasurer of the Municipality is hereby authorised to make arrangements
to sign any necessary documents to arrange temporary advances of money to meet the
cost of the work pending the completion of the ''lorle and the sale of the debentures.
By-Law Read a first and second time
this 15th Day of April, 1974.
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Mayor
By-Law Read a Third time and
Seal
(Si ed) J. M. McIlro
Clerk
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Ontario
Ontario
M,unicipal
Board
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The Clerk,
Town of Newcastle,
Box 130,
NEWCASTLE, Ontario.
LOA lHO
Dear Sir:
Form 60-C
416/965-1912
123 Edward Street
Toronto Ontario
M5G 1 E5
Quote File Number
E 7 4J.,~~__
May 28, 1974
Attached is documentation, pursuant to Section
64 of The Ontario Municipal Board Act, as follows:
D Copy and certified copy of order
D Duplicate original and copy of order
Q Duplicate original order
Yours truly
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(Mrs.) M. Fraser
Supervisor
Capital Expenditures
:mb
Enclosure
~ Order(s)
~ Invoice
c.c. - The Clerk,
Regional Municipality of Durham, .
Box 623, 605 Rossland Road, East,
Whitby, Ontario.
L1N 6A3
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RECEIVED
JUN 7 lQI',~
I"J, t
TOWN OF NEWCASrLf
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Ontario
E 74169
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Ontario Municipal Board
IN THE MATTER OF
The Regional MunloiE!ll~y of
D~ham Ac:~, 19'3 -"
Sec~ion 64 of The Ontario
Kunio IJ1'lll Boara Ao~, (R. S. O.
1970, o. 323),
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IN THE MA'l'TBR OF an applioat:lon
by The Corpora~ion of 'the Town
of Neweas't1e for an order
approving:
(a) t:he oons'truotion of a
community and .por~.
oentre including arena
looa'ted in Block B of
Regis~er.d Plan 686,
Pari: Lo't 18, Conceasion
5, Township of Darling'ton,
being on 'the nort:h side of
Taun'ton Road at: an es'tima-
tad cos~ of $900,000.00,
and
(b) the borrowing by ~he
corporat:ion of such sum
and 1:he issue by 'the
regional council of
deben1:ures 1:0 provide
the sum of $839,000.00
for the purpose
BEFORE:
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THURSDAY, the 4th day
of APRIL, 1914
w. B. PALMER,
Chairman
A. L. McCRAE,
Member
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THE BOARD ORDERS 'tha't this applioation be and 'the
same is hereby gran~ed and ~he corporation may now proceed
wlt:h t:he said undertakinq and may borrow t:he whole or any
part: of t:he sum of $900,000.00 pending receipt: of subsi-
dies and the sale of debentures or the receipt of monies
RECEIVED
JUN 7 1914
TOWN OF NEWCASTLE
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E 74169
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from any ot.her source and 'that. t.he reqional council
may borrow money on debent.ures to the extent sufficient
to provide an amount not exceeding $839,000.00 for the
purpose provided that the total amount of any debent.ures
issued in respect thereof shall not exceed an amount
sufficient to provide the net cost of the said under-
taking' to the applicant corporation after deduotinq
any amount reaei ved for or in respect of 'the said
undert:akinq by way of SUbsidy or contribu'tion from
the Province of On'tario., or otherwise, and provided that the
term of any debentures issued in respect thereof shall not exceed
fifteen years.
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K. C. ANDREWS
SECRETARY
ENTERED
(), B. Ha..n..//y.!......
1.,/
folio No..~/5....n............
JHN 4 1974
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