HomeMy WebLinkAboutTR-33-87 TORN OF NEWCASTLE
' REPORT File # 1 s
Res. # /
By-Law #
MEETING:
GENERAL PURPOSE & ADMINISTRATION COMMITTEE
DATE:
April 21, 1987
REPORT #: FILE #: _
TR-33-87
SU&JECT:
RESERVE FUND - ENGINEERING & INSPECTION CONTRIBUTION
RESERVE FUND - ROAD CONTRIBUTIONS
RECOMMENDATIONS:
It is respectfully recommended to Council the following:
1. That report TR-33-87 be received; and
2. That the attached by-laws establishing Reserve Funds for
Engineering & Inspection Contributions and Road Contributions
be forwarded to Council for Approval.
3. That the Treasurer be authorized to transfer funds from the
Subdivider's Accounts in the general funds to the appropriate
Reserve Funds.
BACKGROUND & COMMENTS:
During recent budget discussions, staff was directed to review the
method of handling subdivider's contributions with respect to
engineering and inspection fees and road contributions.
.. .2
TR-33-87 Page 2
In doing this review, staff consulted with Public Works and also
reviewed the specific clauses relative to the standard subdivision
agreements used by the Town. It was determined that the funds
received from the Subdividers for the above services are indeed
Town monies. Therefore, staff recommend that the attached by-laws
to establish specific reserve funds be approved and the necessary
transfer of funds be made.
These funds could then be used to offset costs incurred to provide
the required services i.e. increased staffing etc.
Respectfully submitted, Recommended for presentation
to the Committee
J.R. Blanchard Lawrenc�, . iKotseff
Treasurer Chief Adm'� strative officer
JRB/pp
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW NO. 87-
Being a by-law to establish a Reserve Fund
entitled Road Contributions.
WHEREAS the Council of the Corporation of the Town of Newcastle
considers it desirable to establish a reserve fund for the purpose
of providing funds to offset the costs associated with Road Improve-
ments within the vicinity or abuting development within the Town.
AND WHEREAS, Chaptor 302, Section 165 (11) of the Municipal Act,
R.S.O. 1980, provides, that "every Municipality and every board,
commission, body or local authority established or exercising any
power or authority with respect to municipal affairs under any
general or special act in an unorganized township or unsurveyed
territory may in each year provide in the estimates for the
establishment or maintenance of a Reserve Fund for any purpose
for which it has authority to spend funds, provided that, where
the approval of Council is required by law for a capital expend-
iture or the issue of debentures of or on behalf of a local board,
the approval of the Council of a provision in the estimates of the
local board for a reserve fund shall be obtained.
NOW THEREFORE Be It Enacted And It Is Enacted As A By-Law Of The
Corporation Of The Town Of Newcastle As Follows:
1. That the Treasurer is authorized to establish
a reserve fund entitled Reserve Fund Road
Contributions.
2. That the uses of this fund be, to offset the costs
associated with Road Improvements within the vicinity
or abuting development within the Town.
3. That Council may by By-law direct the use of funds
for any other purpose for which it has authority to
spend monies.
By-Law read a first and second time this day of April 1987.
By-Law read a third and final time this day of April 1987.
Mayor
Clerk
i
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW NO. 87-
i
Being a by-law to establish a Reserve Fund
entitled Engineering & Inspection Contributions
WHEREAS the Council of the Corporation of the Town of Newcastle
considers it desirable to establish a reserve fund for the purpose
of providing funds to offset the costs of Engineering & Inspection
'services rel.ateh to development within the Town.
AND WHEREAS, Chaptor 302, Section 165 (11) of the Municipal Act,
R.S.O. 1980, provides, that "every Municipality and every board,
commission, body or local authority established or exercising any
power or authority with respect to municipal affairs under any
general or special act in an unorganized township or unsurveyed
territory may in each year provide in the estimates for the
establish=nt or maintenance of a Reserve Fund for any purpose
for which it has authority to spend funds, provided that, where
the approval of Council is required by law for a capital expend-
iture or the issue of debentures of or on behalf of a local board,
the approval of the Council of a provision in the estimates of the
local board for a reserve fund shall be obtained.
NOW THEREFORE Be It Enacted And It Is Enacted As A By-Law Of The
Corporation Of The Town Of Newcastle As Follows:
1. That the Treasurer is authorized to establish
a reserve fund entitled Reserve Fund Engineering
& Inspection Contributions.
2. That the uses of this fund be to offset
-.. .... _ costs of Engineering and Inspection services
related to development within the Town. Ji
3. That Council may by By-law direct the use of funds
for any other purpose for which it has authority to
spend monies.
By-Law read a first and second time this day of April 1987.
By-Law read a third and final time this day of April 1987.
Mayor
Clerk