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HomeMy WebLinkAboutBy-law 4343/73THE CORPORATION OF THE TOWNSHIP OF PICKERING BY-LAW NUMBER _?*3 Being a by-law to authorize the construction and financing of parks and recreation facilities pursuant to Section 352 paragraph 74 of The Municipal Act, R.S.O. 1970 c. 284 as amended. WHEREAS the Corporation of the Township of Pickering deems it desirable to install floodlighting and construct club houses and tennis courts in the locations as set out in the following: (1) Community Tennis Courts Claremont Community Park 2 courts Greenwood Community Park 2 courts West Rouge Community Park 3 Courts Dun-Moore Athletic Field 3 courts East Woodlands Community Centre 2 courts Sandy Beach Road Athletic Field 4 courts (2) Outdoor Ice Rink - Claremont Community Park (3) Club houses and floodlighting at Sandy Beach Road Athletic Field and Dun-Moore Athletic field. (4) West Rouge Community Centre Hall renovation. AND WHEREAS the Council of the Corporation of the Township of Pickering has agreed to construct these recreational facilities at an estimated cost of $257,081.00 and to issue debentures for part of this cost, repayable over a period of 20 years; AND WHEREAS the Council has authorized an application to be made to the Minister of Manpower and Immigration for a grant under the Local Initiatives Program in the sum of Seventy Thousand, Four Hundred and Thirty-Four Dollars (870,434.00); AND WHEREAS the local contributions of one Thousand Nine Hundred and Thirty-One Dollars ($19931.00) are pledged, to bring the total revenue from other sources to Seventy-Two Thousand, Three Hundred and Sixty-Five Dollars ($72,365.00); NOW THEREFORE the Council of the Corporation of the Township of Pickering ENACTS AS FOLLOWS: 1. The construction and financing of the recreational facilities in the above mentioned locations at a total estimated cost of Two Hundred and Fifty-Seven Thousand and Eighty-One Dollars ($257,081.00) be and the same is hereby authorized. 2. The suns of Seventy-Two Thousand Three Hundred and Sixty-Five Dollars ($72,365.00) of the said total estimated cost is to be financed by: (1) The Local Initiatives Program - $70,434.00 (2) Local Contribution - Claremont Lions' Club - $1,000.00 Public Donations - 931.00 1 931.00 33 5.00 TOWNSHIP OF PICKERING I RCCQRti) D V 071 ASHE N. 17011 C.1 D. ?dA7':1 K. 1 mcpHt ?? ? --:?UICI< D, i Y - 2 - 3. The sum of One Hundred and Eighty-Four thousands Seven Hundred and Sixteen Dollars ($184,716.00) of the said total estimated cost to be financed by the issue of debentures of the Corporation of the Township of Pickering having a term of twenty (20) years. 4. Pending sale of the debentures to be issued to finance the works herein the Head of the Council and the Treasurer may raise for the purpose aforesaid by way of loan on such debentures any sum or sums of money not exceeding in all the sum hereby authorized to be borrowed and may hypothecate such debentures for such loan. 3. This by-law is subject to the approval of the Ontario Municipal Board. 6. Schedule "A" forming part of this by-law, setting the allocation of costs and amounts to be raised by debenture, is hereto attached. By-law read a 4?' 1 , first and second time this >,/- day of 1973. day of By-law read a third time and passed this 16 (?Q? , 1973. SCHEDULE "A" TO BY-LAW # Tennis Courts Sandy Beach Road Athletic Field Dun-Moore Athletic Field West Rouge Community Hall Renovation Claremont Community Park Outdoor Ice Rink COST $105,930.00 50,130.00 50,130.00 15,000.00 35,885.00 $257,081.00 DEBENTURE $ 77,154.00 38,781.00 38,781.00 15,000.00 15,000.00 $184,716.00