HomeMy WebLinkAboutTR-96-84 t
GYPORATION OF THE TOWN OF NEWCASTLf
TREASURY DEPARTMENT K. CAMPBELL, C.A.,TREASURER
40 TEMPERANCE STREET TEL.(416) 623-3379
BOWMANVILLE, ONTARIO
L1 C 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF DECEMBER 3, 1984
REPORT NO. : TR-96-84
SUBJECT: NEWCASTLE HYDRO ELECTRIC COMMISSION
NEW CENTRE OF OPERATIONS
RECOMMENDATION:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That this report be received, and
2. That the attached By-Law to authorize the expenditure
of $300,000 by the Newcastle Hydro Electric Commission
and the issuing of debentures for same be approved and
forwarded to the Ontario Municipal Board as required.
BACKGROUND AND COMMENT:
Pursuant to a request from the Newcastle Hydro Electric
Commission relating to the construction of a new centre for
operations ( see attached) , staff herewith submits a by-law for
Council ' s approval .
Respectfully submitted,
Kathryn A. Campbell , C.A. , B.Comm.,
Treasurer.
*gf
Attachment(4)
Newcastle Hydro Electric Commission
19 King Street West
_ Bowmanville,Ontario
L1 C 1 R2
H.Partner,Chairman
R.L.Stevens,Vice-Chairman
W.E.Blackburn,Member
I.A.Hamilton,Member M.J.Watson-Manager
G.B.Rickard,Mayor Telephone(416)623-4451-2
November 14, 1984.
Corporation of the Town of Newcastle,
40 Temperance Street,
Bowmanville, Ontario.
L1C 3A6.
Attention: Mrs. Kathryn Campbell,
Treasurer
Dear Kathryn:
As a follow up to our recent telephone conversation whereby we make
application for special funding with which to construct a new centre of
operation during 1985, we will ask that this request be presented to
Council and when approved, forwarded to the Region or whatever other body
necessary in order to receive approval.
Keeping in mind that this is a request for funds only and may never be
drawn on, should other funding become available.
Yours truly,
.J. Watson,
Manager,
Newcastle Hydro-Electric Commission. -
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Newcastle Hydro-Electric v®mmi ssi'®n
Resolution N 899-84
Date: �`y�- 19 6
Moved by
Seconded by '��inl
z4
Carried
Chairman
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Resolution # 599 - 84
We, the members of the Newcastle Hydro Commission, have
reviewed the 1985 retail rate proposal with members of Ontario Hydro
and find funds inadequate to support certain capital projects for the
year 1985.
Therefore, be it resolved, that this Commission make
application to the Municipality for a debenture issue in the amount
of $300,000.00 for the 'construction of a new building and accessories.
Moved by: I. Hamilton
Seconded by: W. Morrison
I hereby certify the Resolution shown above to be a true
copy of the action of this Commission and has been set forth and
recorded in the minutes.
Dated this 8th day of November 1984
Signed:
general Manager -
Secretary Treasurer