HomeMy WebLinkAboutTR-97-84 1,
C
4+
CORPORATION OF THE TOWN OF NEWCASTLf
TREASURY DEPARTMENT K. CAMPBELL, G.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-97-84
SUBJECT: MUNICIPAL CONTRIBUTION TO THE
BOWMANVILLE MEMORIAL HOSPITAL FUND
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 as the municipal contribution to the
Bowmanville Memorial Hospital Renovation and
Expansion be approved and forwarded to the Ontario
Municipal Board.
BACKGROUND AND COMMENT:
Pursuant to Council ' s direction staff have prepared the
attached by-law to secure the funding of the municipal
commi ttment for this project. The commi ttment consists of
three payments being $83,334 in 1985, $83,333 in 1986 and
$83,333 in 1987 for a total of $250,000 plus the $50,000 in
administrative costs and value of lands transfered for the
road closing.
Respectfully submitted,
Kathr A. Campbell , C.A. , B.Comm.,
Treasurer.
* t
A� achment(1)
'jji
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW NUMBER 84-
Being a by-law to authorize the expenditure of
$300,000 as the municipal contribution to the
Bowmanville Memorial Hospital Renovation and 17
Expansion. % 1x
'All v✓
's
WHEREAS the Bowmanvil l e Memorial Hospital as undertaken a $5,800,000 ^
renovation and expansion of its facilities;
THEREFORE THE CORPORATION OF THE TOWN OF NEWCASTLE ENACTS AS FOLLOWS: �+ /
f
1. That the municipal contribution for administrative cc
and value of lands transferred for the road closing be
$50,000.
2. That the municipal cash contribution of $250,000 be paid
in equal installments in each of three years being 1985 ,
1986, and 1987.
3. That the $300,000 contribution to the project be funded
from general taxation revenues in 1985, 1986 and 1987 .
4. That this by-law not take effect until it receives
approval of the OMB under Section 64(1) of the Ontario
Municipal Board Act.
READ a first time this day of , 1984.
READ a second time this day of , 1984.
READ a third and final time this day of 1984.
Mayor
Clerk