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HomeMy WebLinkAboutBy-law 4371/73THE CORPORATION OF THE TOWNSHIP OF PICKERING AS TO FORM BY-LAW NUMBER !/37- A by-law to authorize the construction and financing of the bleachers to Pads One and Two of the Don Beer Sports Arena, pursuant to Section 352, para. 74 of the Municipal Act, R.S.O. 1970, C.284 as amended. WHEREAS the Council by by-laws #4279/72 and 4345/73 authorized the construction of a Second Ice Pad at the Don Beer Sports Arena located in Part Lot 19, Range 3, Broken Front Concession of the Township of Pickering at a total estimated cost of $385,000.00; AND WHEREAS applications were made to the Ontario Municipal rovdraE:: er= r:^ <°yG Board and approvals received by Board Orders #H-7090 dated February 14, 1973, and additional approval given on May 7th, 1973; NIA D WHEREAS the original approved plans provided for eachers constructed of wood framing; D WHEREAS the council reconsidered the safety aspect f concrete constructed bleachers and has resolved that -''-------` - he said bleachers be constructed of concrete in both pads ne and two, it being further resolved that the existing "'- leachers in Pad One be also replaced; AND WHEREAS the construction of estimated to effect the overall expenditure of $18,200.00; concrete bleachers is capital costs by a further AND WHEREAS Ontario Municipal Board approval for this additional capital expenditure is required; NOW THEREFORE the Council of the Corporation of the Township of Pickering ENACTS AS FOLLOWS: 1. The construction and financing of the concrete bleachers in Ice Pads One and Two of the Don Beer Sports Arena at a total estimated cost of Eighteen Thousand, Two Hundred Dollars ($18,200.00) be and the same is hereby authorized; 2. The sum of Eighteen Thousand Two Hundred Dollars ($18,200.00) of the said total estimated cost is to be financed by the issue of debentures of the Corporation of the Township of Pickering having a term of twenty (20) years. 3. Pending sale of the the work herein the Treasurer may raise way of loan on such money not exceeding to be borrowed and such loan. debentures to be issued to finance head of the Council and the for the purpose aforesaid by debentures any sum or sums of in all the sum hereby authorized nay hypothecate such debenture for 4. This by-law is subject to the approval of the Ontario Municipal Board. By- w 7 read a First, Second m,? 1973. Third Time this V '?'d o y of Q' Reeve ? r Clerk I