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Home My WebLink About70-20THE CORPORATION OF THE TOWN OF BOWMANVILLE By ®Law No. 70-20 A by- law authorizing the obtaining of temporary advances to meet the cost of reconstructing certain streets pending the completion thereof. WHEREAS, with the approval in writing of the Ontario Municipal Board, the Municipal Council of the Corporation of the Town of Bowmanville has passed Construction By -Law No. 69 -30, authorizing the construction of the works described in it as -reconstruction of certain streets, the estimated cost of which works is $187,500, copies of which by -law and approval are annexed hereto, AND WHEREAS it is desirable to agree with a bank for temporary advances to meet the cost of the said works pending the completion thereof. BE IT THEREFORE ENACTED by the said Council as follows: to The Head and Treasurer of the Corporation arc hereby authorized to obtain from the Bank of Montreal temporary advances at a rate or rates not exceeding 82 per cent per annum represented by a promissory note or promissory notes or by way of overdraft or othe17-7isc not exceeding One Hundred And Eighty Seven Thousand, Five Hundred dollars to meet the cost of the said works pending the completion thereof. 20 A promissory note or notes or other vouchers, sealed with the Corporate Seal and signed on behalf of the Corporation by the Head and Treasurer thereof, for the advances from time to time obtained under the authority hereof and interest thereon, may be given to the said Bank providing for the repayment of or representing the said advances with interest thereon as aforesaid, 3. The Treasurer of the Corporation is hereby authorized and directed to apply first in payment of such advances with interest thereon as aforesaid all moneys borrowed on the credit of the Corporation to repay such advances and to defray the cost of the said works and all moneys from other sources properly applicable to the cost of the said works. Passed by the said Council this day o�` , 19700 r TOWN OF BOWMANVILLE BY -LAW NO A by -law to authorize the construction of road paving on Church Street, Division Street, Base Line and Simpson Avenue. THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF BOWMANVILLE, HEREBY ENACTS AS FOLLOWS: THAT a road reconstruction be carried out as referred to in Schedule 1. A attached to this by-law. plans, THAT the Engineer of the Corporation do 2 forthwith make such profiles and specifications ications and furnish such information as may e for the execution of the necessary for the making of a contract work. superintendence 3. THAT the work shall be carried on and exesuofd such Engineer. and according to the directions and order Ca, THAT the Mayor and Clerk are authorized to cause a contract for the construction of the work to be made and entered to t het apps val of person or persons, firm or corporation, subject this Council to be declared by resolution. (subject to the approval of the Council) arrange 5. THAT the Treasurer may ending r tem orary advances of money to meet the cost of the work p fo P the completion of it. be effected to pay 6. THAT the debentures to be issued for completed hall bear interest at a for the cost of the work wh rate to be determined and payable within 10 years. al Board for 7. THAT an application be made to the Ontario expenditures provided for approval of the said undertaking and the exp herein) and that an application be made to the Ontario Munwit athe said to dispense with the assent of the electors in connection work. A,D. 1969. READ a first and second time this day of �f Fa Mayor 1 „",/ , ; :r AL -Ic- A.D. 1969. READ a third time and passed in Council this - day of 1'V_' V � w a 4 Mayor f E 1 ( - 1 / Clerk BY -LAW NO. ' " `�'? t A by -law to authorize the construction of road paving on Church Street, Division Street, Base Line and Simpson Avenue. THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF BOWMANVILLE, HEREBY ENACTS AS FOLLOWS: 1. THAT a road reconstruction be carried out as referred to in Schedule A attached to this by -law. 2. THAT the Engineer of the Corporation do forthwith make such plans, profiles and specifications and furnish such information as may be necessary for the making of a contract for the execution of the work. 3. THAT the work shall be carried on and executed under the superintendence and according to the directions and orders of such Engineer. 4. THAT the Mayor and Clerk are authorized to cause a contract for the construction of the work to be made and entered into with some person or persons, firm or corporation, subject to the approval of this Council to be declared by resolution. 5. THAT the Treasurer may (subject to the approval of the Council) arrange for temporary advances of money to meet the cost of the work pending the completion of it. 6. THAT the debentures to be issued for the loan to be effected to pay for the cost of the work when completed shall bear interest at a rate to be determined and payable within 10 years. 7. THAT an application be made to the Ontario Municipal Board for approval of the said undertaking and the expenditures provided for herein, and that an application be made to the Ontario Municipal Board to dispense with the assent of the electors in connection with the said work. ✓,;,r. r : %� READ a first and second time this da y of A.D. 1969. 1 ✓:;, Mayor READ a third time and passed in Council this_ day of f -, A.D. 1969. Id- Mayor c 1/ J Clerk cr'uVnrn V n ROAD RECONSTRUCTION 17 Church Street - From Temperance St. To Scugog St. 27 Division Street - From King St. To Church St. 37 Baseline Road - From Mearns Ave. To Cemetery Rd. 47 Simpson Avenue - From Baseline Rd. to Approximately 858 Ft. South $ 99,400 27,200 35,800 25,100 $ 187,500 Form 38-B Please Quote File Number Telephone Number G 8730 -69 365-1912 M�-6'- ONTARIO THE ONTARIO MUNICIPAL BOARD 145 Queen Street West Toronto 1, Ontario Mr. Anthony P. Geboers Acting To-vm Clerk 40 Temperance Street Bowmanville, Ontario Dear Sir: hovember 28, 1969 He: R-Leconstruction of Church Street, etc. I am enclozing -herewith duplicate .original order pursuant to Section 64 of The Ontario Municipal Board Act, together with invoice. covering the Boards fee therefor. Yours truly R. SCOTT Encls, 2 SECRETARY ME P.S. The Board's letter of November 27th was incorrect as to the cost of the works approved -which should have been �1871500 instead of 615412CO. J-t F,Drm 1 -C 11F ` `0'I'E. Fly. NU1V113 ;h Tai. eph-cne Numb-er 365 -1912 G 8?30 -69 0?4TAR10 THE ONTARIO MUNICIPAL BOARD 145 Queen Street West Toronto 1, Ontario November 27, 1969 Mr. Anthony P. Geboers Acting Town Clerk 40 Temperance Street Bowmanville, Ontario Dear Sir: JRECEIVED OF P ANVIV Re: Proposed capital expenditure - final approval Municipality - Torn of Bav,,manvill e Amount - $154,200.00 (Debentures $93,000.00) Term - 5 years Purpose - Reconstruction of Church Street, etc. I am directed to inform you that on the 27t -day of November, 1969 this Board granted approval of the undertaking, expenditure and borrowing proposed on this application. Formal order accordingly will be issued in due course. Invoice for the Boa.rd?s fee will accompany the formal order. This approval should not be taken to include approval of the form of any proposed debenture by -law you may have filed. It must be noted that in every case where certification of debentures by this Board is requested, the debenture by -law must first be approved by this Board under the provisions of Section 58 of The Ontario Municipal Board Act. Where such an approval is to be sought, the debenture by -law should not be finally passed until the form of the same has been con - sidered and approved by this Board. Yours truly 'jc R. SCOTT SECRETARY N.B. — It must be noted that this approval is subject to compliance by you with all statutory and other legal requirements related thereto® Every other approval required by law and not yet received must be obtained before the roiooject is undertaken, G 673G-69 ONTARIO ONTARIO MUNICIPAL BOARD SCO'H&JULE !?.h Y� to the order of The Ontario 14unicipal Board ma d�e— on the 22th day of November, 1.263 To debenture 45 939000-00 G 8730-69 ONTARIO f �a) approvinZ the construction of certain works at an esti- mated cOst Of 0187000.00S W approving the issue by the applicant of debentures in the sum of Y93s%0.00 there- for, and appearing that all 13 Z is U it 1; : J. A. hSWREDY2 '.C. 0hairman TMIDAY, the 27th day of and EUVEROW, 1969 Vice-Ghairman' UPSG TE& NPLICATION of The Corporation of the Town Bowmanville or those qualified to vote on money by-laws shall not be requisite to be obtained to the passing of by-laws for the said purposes, and it appearing that all notices as required by any applicabie statute aLd all notices as reqyired by the Board have been given and that G S730-69 ONTARIO ONTARIO MUNICIPAL BOARD THA BOARD OALAMt under and in pursuance of the 2. that the amount to be debentured shall not exceed in any event the net cost to the Corporation after deducting aLy gran or contribution from the 2rovinwe Of Ontario or from any other source in respect of the said work, and 3. that the Oorporation in exercising as of its powers approved by wis order shall comply 4ith al! statutory and other legal requirements related thereto. G X10 -69 W5 A ONTARIO ONTARIO MUNICIPAL BOARD - 3 - AID ThL KAM DEGURA6 zhD DIRECTS that the assent of the effectors of the Town of 3owmanvilie or those quasi fied to vote on money by-laws Shall not & requisite to be obtained to the exercise oy the Qorperation of the powers aforesaid. o. SZORSTARY Tr n Nov 2 3 10"J on't"rio