HomeMy WebLinkAbout97-270 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW NUMBER 97-270
being a By-Law to establish a Reserve for Burketon Park Improvements.
WHEREAS the Council of the Corporation of the Municipality of Clarington considers it
desirable to establish a Reserve for Burketon Park Improvements.
AND WHEREAS Chapter 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 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 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 "Burketon Park
Improvements';
2. That the Council may by resolution passed by a majority of members present, direct
the use of the funds for specific projects; 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 and second time this 15th day of December 1997.
By-Law read a third time and passed this 15th day of December 1997.
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