HomeMy WebLinkAbout80-105
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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.
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Garnet B. Rickar~/~~
Mayor . .
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~ Joseph . McIlroy
:."" Clerk
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DARLINGTON GENERATING STATION
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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
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contained and for other good and valuable consideration, the
CORPORATION and the REGION hereby agree as follows:
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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
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Secretary
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THE REGIONAL MUNICIPALITY OF DURHAM
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Cha1.rman, J.WAL TER BEATH
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