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HomeMy WebLinkAboutBy-law 4078/71THE CORPORATION OF THE TOWNSHIP OF PICKERING BY-LAW NUMBER c?0 7? being a by-law to authorize the construction and financing of the First Phase of the Greenwood Ice Arena Project. WHEREAS The Corporation of the Township of Pickering proposes to construct an arena on the Greenwood Athletic Field. AND WHEREAS said construction may be phased so as to facilitate the financing thereof and so as to enable the various units to be used independently as completed. AND WHEREAS it is proposed to construct a First Phase consisting of an administration building, including manager's office, changing rooms, showers, storage areas, toilets and a meeting; hall. NOW THEREFORE THr; COUNCIL OF THE CORPORATION OF THE TOWNSHIP OF PICKERING ENACTS AS FOLLOWS:- 1. The construction and financing of the said First Phase of the Greenwood Ice Arena Project at a total estimated 7a coo cost of $64,66A:Hfl be and the same is hereby authorized. ?, The sum of $30,000.00 of the said total estimated \ cost to be financed by the issue of debentures of the Corporation having a term of 20 years and the balance of the total estimated cost to be financed by way of a grant to be applied for under The Community Centres Act, R.S.O. 1970, Chapter 73, and a -2- subsidy to be received from the Federal Government Authpritt ' 2. This by-law is subject to the approval of the Ontario Municipal Board. READ a FIRST¢ SECOND md.4 .T RkIR time saxtxpEaa% *xia oip e=x6txvcx"X this day of Jj?y 1971. R eve , Clerk By-law read a third time and PASSED this -1()-rl day of 4_?41 197 . eve Clerk