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HomeMy WebLinkAbout87-172 THE CORPORATION OF THE TOWN OF NEWCASTLE BY-LAW 87- 172 beimg a by-law to authorize the execution of Supplementary Agreement #21 with Ontario Hydro (Advancement of Extension of Public Facilities at Darlington Generating Station) THE COUNCIL OF THE CORPORATION OF THE TOWN OF NEWCASTLE HEREBY ENACTS AS FOLLOWS: THAT the Mayor and Clerk are hereby authorized to execute, on behalf of the Corporation of the Town of Newcastle, and seal with the Corporation's Seal, Supplementary Agreement #21, between Ontario Hydro and the said Corporation, in respect of Advancement of Extension of Public Facilities at Darlington Generating Station, a copy of which is attached as Schedule "X". By-law read a first and second time this 26th day of October 1987 By-law read a third time and finally passed this 26th day of October 1987 ayor I)(J..~(;J . C(JGLC01::> Clerk . . ., DARLINGTON GENERATING STATION SUPPLEMENTARY AGREEMENT NO. 21 ADVANCEMENT OF EXTENSION OF PUBLIC FACILITIES AT DARLINGTON GENERATING STATION THIS AGREEMENT made in triplicate this lst day of June , 19 88 BET WEE N: ONTARIO HYDRO Hereinafter referred to as the "CORPORATION" OF THE FIRST PART - and - THE CORPORATION OF THE TOWN OF NEWCASTLE Hereinfater referred to as the "TOWN" OF THE SECOND PART - and - THE REGIONAL MUNICIPALITY OF DURHAM Hereinafter referred to as the "REGION" OF THE THIRD PART WHEREAS the Corporation and the Town have entered into an Agreement (hereinafter referred to as the Newcastle Agreement), 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) on the Town dated March 22, 1977; AND WHEREAS the Corporation, the Region and the Town have entered into the Agreement (hereinafter referred to as the Regional Agreement) with respect to the social, economic and financial impacts arising out of the : construction and operation of the station on the Region and the Town, dated August 8, 1977; AND WHEREAS the Newcastle Agreement and the Regional Agreement provide for the entering into of supplementary agreements between the Corporation, the Town and the Region; AND WHEREAS the Newcastle Agreement provides that the Corporation agrees to compensate the Town for those financial impacts undergone by the Town as a result of the construction of the Station which include the cost of advancing community facilities and providing community services; AND WHEREAS the Corporation, the Town and the Region agree that due to increased population inflow related to Darlington Generating Station, the Town and the corporation have experienced and aniticipate experiencing future additional service demands on existing public information and meeting facilities, necessitating an expanded public information facility at the station; NOW THEREFORE, WITNESSETH that in consideration of the covenants hereinafter contained and for other good valuable consideration, the Corporation, the Town and the Region hereby agree as follows: . 1. The Town agrees that the Corporation shall be paid from Account "A" a sum of $45,000.00 as claim for payment in full of a half portion of the financial impact incurred by the corporation in advancing construction of additional public use facilities at the Darlington Generating station. These facilities, in addition to the existing Information Centre are used for public functions, pUblic reference and tourist information. 2. The Town, the Region and the Corporation agree that this one time community impact payment shall not influence future payments from station Account "A" to the Town and the Region. 3. Payment will be made to the Corporation after this agreement is signed and executed by all parties. ,...............--:.,....,..... .l.._rw........ cr'i'J."}\:':'10 HYDRO ffi~.l ~.. . ;/Hi7~""" ~~. ..11N1~3...... 19'81.. .' .e;:l!t(od$~. -- ...~.].~~f. .. '1b.~4 ....... ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ONTARIO HYDRO If'dI~~~ ~ Ass'stant Secretary THE CORPORATION OF THE TOWN OF NEWCA /0) VCLL:ct,. THE REGIONAL ~RTNICIPALITY OF DU7~~ chai{l~ ~.~~ Clerk ,. ,,~ , DATED: June 1st, 1988 BET WEE N: ONTARIO HYDRO and THE CORPORATION OF THE TOWN OF NEWCASTLE and THE REGIONAL MUNICIPALITY OF DURHA1~ DARLINGTON GENERATING STATION SUPPLEMENTARY AGREE!~NT NO. 21 ADVANCE~mNT OF EXTENSION OF PUBLIC FACILITIES AT THE DARLINGTON GENERATING STATION