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HomeMy WebLinkAboutBy-law 4155/93 THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NUMBER 4155/93 Being a by-law to authorize the capital expenditures for distribution system expansion and rehabilitation by the Pickering Hydro-Electric Power Commission WI~EREAS the Picketing Hydro-Electric Power Commission advises the Council of the Corporation of the Town of Pickering that it is desirable and necessary to undertake the capital expenditures for distribution system expansion and rehabilitation: Now Therefore the Council of the Corporation of the Town of Pickering enacts as follows: 1. That the capital expenditures for distribution system expansion and rehabilitation as outlined in Schedule "A" and Schedule "B" attached hereto and forming part of this by-law is hereby authorized at an estimated cost of $1,500,000 to be debentured over a term of ten years. 2. That this by-law shall not take effect until approval has been obtained from the Ontario Municipal Board. By-law Read a First, Second and Third time and finally Passed this ~st day of February, 1993. Clerk