HomeMy WebLinkAbout93-211 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW 93-211
Being a by-law to repeal By-law #90-81 and to
establish a Reserve Fund - Fire Headquarters
Capital Construction
WHEREAS the Council of the Corporation of the Municipality of
Clarington considers it desirable to establish a Reserve Fund for
the purpose of monitoring the costs and revenues associated with
the construction and equipping of a new fire station as required by
the Ontario Hydro/Municipality of Clarington Agreement of October
1993.
AND WHEREAS c .M.45, Section 163(1) of the Municipal Act R.S.O.
1990, provides that, "Every municipality as defined in the
Municipal Affairs Act and every board, commission, body or local
authority established or exercising any power or authority with
respect to municipal affairs under any general or special Act in an
unorganized township or in unsurveyed territory may in each year
provide in the estimates for the establishment or maintenance of a
reserve fund for any purpose for which it has authority to spend
funds, but it the approval of the council is required by law for a
capital expenditure or the issue of debentures of or on behalf of
a local board, the approval of the council of a provision in the
estimates of the local board for a reserve fund shall be obtained. "
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
fund entitled "Reserve Fund - Fire Headquarters Capital
Construction" ,
2 . That the use of this fund be for the construction and
equipping of a new fire station in Bowmanville,
3. That the Treasurer is hereby authorized to deposit any
associated funds received from Ontario Hydro to the
Reserve Fund - Fire Headquarters Capital Construction,
4. That Council may by By-law direct the use of any surplus
funds for any other purpose for which it has authority to
spend monies, and
5. That By-law #90-81 is hereby repealed.
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
C erk