HomeMy WebLinkAbout93-210 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW 93-210
Being a by-law to establish a Reserve for
Ontario Hydro Streetsmart Street Lighting
Program.
WHEREAS the Council of the Corporation of the Municipality of
Clarington considers it desirable to establish a Reserve for
Ontario Hydro Streetsmart Street Lighting Program.
AND WHEREAS c.M.45, Section 162(2) of the Municipal Act R.S.O.
1990, provides that, "In preparing the estimates the council shall
make due allowance for a surplus of any previous year that will be
available during the current year and shall provide for any
operating deficit of any previous year and for the cost of
collection, abatement of and discount on taxes and for
uncollectible taxes and may provide for taxes that it is estimated
will not be collected during the year and for such reserves as the
council considers necessary. "
NOW THEREFORE, Be It enacted and it is enacted as a By-law of the
Corporation of the Municipality of Clarington as follows:
1. That the Treasurer be authorized to establish a reserve
entitled "Reserve For Ontario Hydro Streetsmart Street
Lighting Program" ,
2 . That this reserve be used for the purpose of making
annual draws to cover the interest portion of the Ontario
Hydro streetsmart loan, and
3. That the Council may by By-law direct the use of any
surplus funds for any other purpose for which it has the
authority to spend monies.
By-Law read a first time this 13th day of December 1993.
By-Law read a second time this 13th day of December 1993.
By-Law read a third time and finally passed this 13th day of
December 1993.
Mayor
Cler
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