HomeMy WebLinkAboutFND-001-05
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REPORT
FINANCE DEPARTMENT
Date:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MONDAY, JANUARY 10,2005 Resolution #:(J, {J!f-(J !51Yf
Meeting:
Report #: FND-001-05
File#:
By-law #:
Subject:
TYRONE COMMUNITY CENTRE - INTEREST FREE LOAN REQUEST
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report FND-001-05 be received;
2. THAT the request from the Tyrone Community Centre for an interest free loan of
$2,000 to be repaid by December 31, 2005 be approved;
3. THAT the funds be drawn from 2004 unallocated grant account
#100-42-472-20999-7600.
Reviewed bQ~ ~,
Franklin Wu,
Chief Administrative Officer.
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REPORT NO.: FND-001-05
PAGE 2
BACKGROUND AND COMMENT:
At the Council meeting of December 13, 2004, Council received a request from the
Tyrone Community Centre for an interest-free loan for $2,000, to be repaid by
December 31,2005. The request was referred to the Director of Finance/Treasurer.
As they are proposing to repay the loan within the calendar year and it is less than the
normal annual operating grant provided to the Tyrone Community Centre, it is
recommended that the request be approved, If the Tyrone Community Centre does not
repay the balance by December 31, 2005, Council would have the option of deducting
the outstanding amount from any approved 2006 operating grant to the Tyrone
Community Centre. As the request was received prior to the end of 2004, it is
recommended that the funds be drawn from the 2004 unallocated grant account.
Attachment A:
Request for Tyrone Community Centre
Interested Parties:
S. Rowan, Treasurer, Tyrone Community Centre
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOW MANVILLE, ONTARIO L 1 C 3A6 T (905)623-3379 F (905)623-4169
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VILLAGE OF TYRONE and surroundings
Community Centre
November 16, 2004
'04N01,J22 F'~1 2:32:48
Dear Patti,
On behalf of the Hall Board for the Tyrone Community Centre, I would
like to request an interest-free loan for $2,000, to be repaid by
December 31, 2005.
"Tyrone Spirit Day" is an annual family event held in Tyrone each
June, dating back many years, Our plan is to expand this popular
event in 2005, and to put our plans in motion we need money now to
get things going, and this current outlay will be recouped at the event,
Please advise if you need any additional information from me such
that we can be considered to receive the interest-free loan.
Can you please share our request with Mayor Mutton, and all
members of council?
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Sincerely,
Shari Rowan
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Treasurer, Tyrone Community Centre
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2716 Concession Rd. 7, Box 86, Tyrone, ON, LlC 3K6
Phone number (905) 263-4330
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