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HomeMy WebLinkAbout80-105 . . . . ,. '- f "^ " THE CORPORATION OF THE TOWN OF NEWCASTLE By-Law 80-l05 Being a by-law to adopt Supplementary Agreement No. 5 to the Agreement with Ontario Hydro in respect of the impact of the proposed Darlington Nuclear Generating Station A as adopted by By-Law 77-14. WHEREAS the Council of the Corporation of the Town of Newcastle ENACTS AS FOLLOWS: 1. The Corporation of the Town of Newcastle hereby adopts and enters into Supplementary Agreement No.5 with Ontario Hydro, a copy of which is annexed hereto as Schedule "A". 2. The Mayor and Clerk of the Corporation of the Town of Newcastle are hereby authorized and directed to sign the Supplementary Agreement No. 5 and to place thereon the seal of the Corporation. By-Law read a first time this 28th day of July 1980. By-Law read a second time this 28th day of July 1980. By-Law read a third and final time this 28th day of July 1980. >>? { Garnet B. Rickar~/~~ Mayor . . ~F.V ~ ? ~ Joseph . McIlroy :."" Clerk '. -t t.; , .. ... , DARLINGTON GENERATING STATION .. . . r . SUPPLEMENTARY AGREEMENT NO. 5 THIS AGREEMENT made in triplicate this 2nd day of April , 1980. BET WEE N: ONTARIO HYDRO Hereinafter referred to as the "CORPORATION" OF THE FIRST PART - and - THE REGIONAL ~1UNICIPALITY OF DURHAM Hereinafter referred to as the "REGION" OF THE SECOND PART WHEREAS the CORPORATION and the REGION have entered into an Agreement dated the 8th day of August, 1977, with respect to the social, economic.and financial impacts arising out of the construction and operation of the Darlington Generating Station ~ (hereinafter referred to as the Station). AND WHEREAS that Agreement provides for the entering into of supplementary agreements between the CORPORATION and the REGION. AND WHEREAS the CORPORATION and the REGION are desirous of entering into a supplementary agreement dealing with an audit provision for the Agreement dated the 8th day of August, 1977. NOW, THEREFORE, WITNESSETH that in consideration of the sum of TWO DOLLARS ($2.00) by each of the parties hereto to the other paid, the receipt whereof by each of the parties is hereby acknowledged, and in consideration of the covenants hereinafter ~ contained and for other good and valuable consideration, the CORPORATION and the REGION hereby agree as follows: , .. 11.' ~ , ( .. . "'.-' . '., .. ./ . . . t"," The REGION shall keep proper books, accounts and records of all transactions relevant to this agreement. Such accounts and records shall include invoices, receipts, cancelled cheques, vouchers and employee time records relating thereto. All such books, accounts and records shall at all reasonable times be open to audit and inspection by the CORPORATION or its authorized representative (who may make copies thereof and take extracts therefrom) PROVIDED that the Corporation gives to the REGION at least two weeks notice in writing of its intention to audit and inspect the said books, accounts and records. Such books, accounts and records are to be preserved and kept available for audit and inspection for a reasonable period of time. The REGION agrees to allow the CORPORATION to inspect any documents in the possession of the REGION which relate to contracts that the REGION has entered into with third parties as a result of the Agreement dated the 8th day of August, 1977. ONTARIO HYDRO ..............,L...,.,.19.~.. ~.........JW6,~. '" ,., ~ 19.~.. ..~.......,.........'.............. ~ Secretary ....... \ THE REGIONAL MUNICIPALITY OF DURHAM ~~ iJ~ Cha1.rman, J.WAL TER BEATH A"d'~ ~ 8b1[!~ . 0 . THE TOWN OF NEWCASTLE / --'" \./ -----~~ ~~~~ / Mayor . c.. "'-. NV\ ~ t<1~ '1' ,t ~ CSt) CL- ~ AAL. Jy-c ~