HomeMy WebLinkAbout98-92 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW 98-92
Being a by-law to establish a Reserve for Ontario 2000 Summer Games.
WHEREAS the Council of the Corporation of the Municipality of Clarington considers it desirable to
establish a Reserve for Ontario 2000 Summer Games.
AND WHERESAS Section 367(3) of the Municipal Act 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 "Ontario 2000 Summer Games".
2. THAT Council provide, from contingency in each of the 1998, 1999 budget years, an amount of
$11,000 to this reserve; and
3. THAT the Reserve be used as required for implementation of the Ontario 2000 Summer Games; and
4. 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 June1998.
By-Law read a third time and finally passed this 15th day of June 1998.
Mayor
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L�__ Clerk