HomeMy WebLinkAboutTR-10-81 V-���
MEMORANDUM
TO: Chairman & Members of the Finance & Administration Committee
FROM: Klaas Degroot, C.G.A. , Treasurer
DATE: Feburary 23, 1981
SUBJECT: M.T.C. Petition for Subsidy
ITEM: TR-10-81
Recommendation:
"That the following resolution be endorsed:
"It is hereby &aotved that the Cotrpoteation o4 the Town o4
Newcaztte petitions the Min tAy o4 Ttcanspontation 9 Commun%cat.o"
4otc the payment o4 zubzidy undeA the pnovjAions o4 the Pubtic
TAavvspoAtation and Highway ZmpAovement Act on expenditu Les o�
$2,767,291.69 made duAing the yea& o4 1980. "
Report:
The final petition for payment of subsidy to the Ministry of
Transportation & Communications must be authorized by resolution
of Council. The above recommended resolution satisfies that need.
With this application the Ministry will in a position to pay the
final payment of $316,000 to the Municipality.
i
1
K. Degroot. 'gin, '., �� F/