HomeMy WebLinkAboutBy-law 6749/07
THE CORPORATION OF THE CITY OF PICKERING
BY-lAW NO. 6749/07
Being a By-law to provide for the establishment of a
Reserve Fund to be known as the Animal Shelter
Reserve Fund
WHEREAS under the Municipal Act, S.O., 2001 as amended, Section 11, the
Council of the City of Pickering may establish and maintain a reserve fund for any
purpose for which it has authority to expend funds.
WHEREAS the Council of the City of Pickering approved Council Report CS 16-
07 endorsing the creation and or establishment of an Animal Shelter Reserve
Fund to provide a source of funds for a permanent animal shelter.
NOW THEREFORE THE COUNCil OF THE CORPORATION OF THE CITY OF
PICKERING HEREBY ENACTS AS FOllOWS:
1. The establishment of a reserve fund to be known as the Animal Shelter
Reserve Fund is hereby authorized.
2. The purpose of this fund is to provide funds for the provision of an animal
shelter.
3. The initial source of funds will be a transfer of the proceeds of the
dissolution of "PAW" in the amount of $144,433.00 to this reserve fund
and donations received to date in the amount of $963.00. Future sources
of funds will be as identified by the Treasurer or as approved by Council
including but not limited to the annual budget, donations or any other
source.
4. The Treasurer may draw funds from this reserve fund to provide for the
construction of an animal shelter.
5. Interest earned on the investment of fund balances shall form part of this
reserve fund.
6. This By-law shall come into force on the date of its enactment.
By-law read a first, second and third time and finally passed the 2nd day of April,
2007.
David
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Debi A. Bentley, City Clerk