HomeMy WebLinkAbout87-192
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THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW 87- 192
being a by-law to authorize the execution of
Supplementary Agreement #22, with Ontario
Hydro (Preparation of Economic Development
Material for the Town of Newcastle)
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
Corp~ration Seal, Supplementary Agreement #22, Preparation of Economic
Development Material For The Town of Newcastle, a copy of which is
attached as Schedule "X".
By-law read a first and second time this 23rd day of November 1987
By-law read a third time and finally passed this 23rd day of November 1987
ayor
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'. h. Clerk/
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bARLINQTON QRNRRATINa aTATtoN
aOPPLRMRNTARY AGRRRMRNT NO. 22
PRRPARATION O~ ECONOMIC DEVELOPMRNT MATERIAL
~OR THR TOWN O~ NRWCASTLR
!illS AGRIIIJIRT aade in triplicate thia 1st day of June ,19 88
BIT W I I N:
ONTARIO HYDRO
Hereinafter referred to aa the "CORPORATION"
or THB rIRST PART
- and -
THR CORPORATION O~ THR TOWN OW NRWCASTLR
Hereinafter referred to aa the "TOWN"
or THB SICOND PART
- and -
THR REGIONAL MUNICIPALITY or DUR~AM
Hereinafter referred to aa the "RBGION"
or THB THIRD PART
WHIRIAS the Corporation and the Town have entered lnto an A.ree.ent
(hereinafter r.f.rred to aa the Newcaat1e Aar....nt), with reapect to the
soola1, eoonoaic and financial iapacts arlaln. out of the construction
and operation of the Dar1incton Generatinc Station (her.inafter ref.rred
to aa the Station) on the Town dated Karch 22, 1977;
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AND WBIRIAS,the Corporation, the Region and the Town have entered into
the Agreement (hereinafter referred to as the Regional Agreement) with
respect to t~e social, economic and financial impacts arising out of the
construction and operation of the Station on the Region and the Town,
dated Aucust 8, 1917;
AND WHIRBAS the Newcastle Agreement and the Regional Agreement provide
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for the entering into of supplementary ..~eements between the
Corporation, the Town and the Region;
AND WHIRIAS the Corporation. the Town and the aegion have entered into .
Supple.entary Agreement entitled Community Impact Monitoring Program
which involves collecting and updating data on certain impact items which
may be affected by the construction and operation of the Station;
AID WHIRIAS the NewoastleAaree.ent provides that the Corporation .,r..s
to co.pensate the Town for those financial i.pacts undergone by the Town
as a result of the construction of the Station which include the cost of
pr.paration and .an....ent of a develop.ent strat.gy and growth
aanaa..ent pro,ram and ite.s id.ntified during the preparation of such a
strat.av and pro,ram;
AMD WHBREAS the Corporation, the Town and the Region have identified that
pro.otion of .cono.ic dev.lopment in the Town would assist in moderating
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.an~ioipa~ed eoonomio impao~s arisine from the deoline in numbers of
oonstruotion workers at the Darlinaton Gen.ratina Station;
RON TBIRlrORl, WITNESSITH that in oonsideration of the oovenants
hereinafter oontained and for other aood and valuable oonsideration, the
Corporation, the Town and the Reaion hereby -aree as follows:
1. The Corporation, the Town and the Reaion aaree that there is a need
to undertake the preparation of promotional material to attraot eoonomio
development to the Town of Newoastle by makine potential olients aware
of the physioal, sooial and eoonomic components of the Town.
2. The Corporation aarees to pay from Station Account 'B' the sum of
rifteen Thousand dollars <$15,000) as its portion of the cost of
preparation of such promotional material. Payment will be made to the
Town upon presentation by the Town to the Corporation of an invoioe for
'15~000.
IN WITNISS WRIRIOr the Corporation, the Town and the Reaion have caused
this Alr....nt to be .x.outed by the affixine of the Corporate seals
attested by the sianatures of their proper offioers duly authorized in
that behalf.
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ONTARIO HYDRO
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II!' (ju.Q,J; V
1~~X~.X2X A istant Secretary
THB CORPORA ION OF THI TONN OF
NINCA
THB RIGIONAL MUNICIPALITY OF
DllBIIAlI~
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Chairman
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Clerk