HomeMy WebLinkAboutBy-law 7167/11
The Corporation of the City of Pickering
By-law No. 7167/11
Being a by-law to authorize the supply and
delivery of One Single Person Operated Side
Load Garbage Packer in the City of Pickering
and the issuance of debentures therefor in
the amount of $125,000
Whereas Section 11 of the Municipal Act, 2001, as amended, provides that a lower-tier
municipality may pass by-laws respecting matters within the spheres of jurisdiction
described in that Section; and,
Whereas Subsection 401(1) of the Municipal Act, 2001, as amended, provides that a
municipality may incur a debt for municipal purposes, whether by borrowing money or in
any other way; and,
Whereas Subsection 401(3) of the Municipal Act, 2001, as amended, provides that a
lower-tier municipality in a regional municipality does not have the power to issue
debentures; and,
Whereas The Regional Municipality of Durham has the sole authority to issue
debentures for the purposes of its lower-tier municipalities including The Corporation of
the City of Pickering (the "City"); and,
Whereas the Council of the City wishes to proceed with the supply and delivery of One
Single Person Operated Side Load Garbage Packer; and,
Whereas before the Council of the City authorized the supply and delivery of One Single
Person Operated Side Load Garbage Packer, the Council of the City had the Treasurer
update the City's Annual Repayment Limit, the Treasurer calculated the estimated
annual amount payable in respect of such project and determined that such annual
amount would not cause the City to exceed the updated limit and, therefore, Ontario
Municipal Board approval was not required prior to City Council's authorization as per
Section 401 of the Municipal Act, 2001, as amended, and the regulations made
thereunder;
And whereas after determining that Ontario Municipal Board approval is not required,
the Council of the City approved Report CS 34-11 on the date hereof and awarded
Tender T-14-2011 for the supply and delivery of One Single Person Operated Side
Load Garbage Packer
Now therefore the Council of The Corporation of the City of Pickering hereby enacts as
follows:
By-law No. 7167111 Page 2
1. That the City proceed with the supply and delivery of One Single Person Operated
Side Load Garbage Packer;
2. That the estimated costs of the project in the amount of $126,696 be financed as
follows:
a) That the sum of $125,000 be financed by the issue of debentures by The
Regional Municipality of Durham.over a period not to exceed five (5) years;
b) That the balance of $1,696 be funded from property taxes;
3. That the funds to repay the principal and interest of the debentures be provided for
in, the annual Current Budget for the City commencing in 2012 and continuing
thereafter until the loan is repaid.
By-law read a first, second and third time and finally passed this 17 day of October,
2011.
David Ryan, yor
Debbie Shields, City Clerk