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HomeMy WebLinkAboutDecember 3, 2001d PICKERING AGENDA COUNCIL MEETING Thomas J. Quinn Chief Administrative Officer DECEMBER 3, 2001 Council Meeting Agenda Monday, December 3, 2001 7:30 P.M. ... ADOPTION OF MINUTES Regular Meeting of November 19, 2001 Special Meeting of November 19, 2001 DELEGATIONS Stticl~r~ice President of Nuclear Support, will address Council to provide a summary Bob of acti~fies× 'at the Picketing Nuclear Generating Station. Sam Orric~o .~.O. Box 24, Markham, will address Council respecting his former use of land at 3390 North Road. RESOLUTIONS To adopt the Report of the Finance Committee dated November 26, 2001. To adopt the Report of the Operations Committee dated November 26, 2001. To adopt the Report of the Planning Committee dated November 26, 2001. PAGE 1-4 5-7 8-9 (IV) BY-LAWS By-law Number 5921/01 Being a By-law to amend Restricted Area (Zoning) By-law 3037, as amended, by By-laws 5464/99, 5513/99, 5565/99 and 5767/00, to implement the Official Plan of the City of Picketing District Planning Area, Region of Durham in Part of Lot 20, Concession 8 (Parts 2 to 7, Plan 40R-20821), in the City ofPickering. (A 27/01) PURPOSE: LOCATION: APPLICANT: REMOVE HOLDING SYMBOL KODIAK STREET, CLAREMONT VICTORIAN HOMES ONT. INC. By-law Number 5922/01 Being a By-law to amend By-law 2359/87 regulating parking, standing and stopping on highways on private and municipal property. By-law Number 5923/01 Being a by-law to amend By-law 2632/88. By-law Number 5924/01 Being a by-law to provide for the establishment of a Reserve Fund to be known as the Workers' Compensation Reserve Fund. By-law Number 5925/01 Being a by-law to authorize the temporary borrowing of moneys to meet the current and capital expenditures of the City of Picketing for the year 2002. 10-14 15-16 17 18 19-20 OTHER BUSINESS CONFIRMATION BY-LAW ADJ~ENT Council Meeting Agenda Monday, December 3, 2001 7:30 P.M. 01 RESOLUTION OF COUNCIL DATE MOVED BY SECONDED BY That tl~e Report of the Finance Committee dated November 26, 200 l, be adopted. CARRIED: NLatYOR O2 PICKFR-i G Appendix 1 Finance Committee Report FC-2001-$ That the Finance Committee of the City of Pickering having met on November 26, 2001, presents its third report to Council and recommends: CORPORATE SERVICES REPORT CS 32-01 CLOSURE OF THE MILLENNIUM ACCOUNT That Report CS 32-01 of the Director, Corporate Services & Treasurer, concerning the of the Millennium Account, be received for information and as there are no outstanding balances or bills due in the Millennium Account the matter be considered closed. CORPORATE SERVICES REPORT CS 43-01 ESTABLISHMENT OF WORKERS' COMPENSATION RESERVE FUND 1. That Report CS 43-01 from the Director, Corporate Services & Treasurer, concerning Establishment of Workers' Compensation Reserve Fund, be received; and 2. That Council approve the establishment of a Workers' Compensation Reserve Fund; and 3. That the attached By-law be read three times and passed; and 4. That the appropriate officials of the City of Pickering be authorized to take the actions to give effect thereto. CORPORATE SERVICES REPORT CS 44-01 VACATION PAY RESERVE AND RESERVE FOR INVENTORY That Report CS 44-01 of the Director, Corporate Services & Treasurer regarding Vacatic Pay Reserve and Reserve for Inventory, be received; and That the Vacation Pay Reserve be closed and the estimated balance of $441,350 transferred to the Self-Insurance Reserve; and That the Reserve for Inventory be closed and the estimated balance of $245,271 b transferred to Reserve for Rate Stabilization; and That the appropriate officials of the City of Picketing be authorized to take the actions to give effect thereto. CORPORATE SERVICES REPORT CS 41-01 VERIDIAN - INTER-CREDITOR AGREEMENT That Report Number CS 41-01, of the Director, Corporate Services & Treasurer, Veridian - Inter-Creditor Agreement, be received; That the Mayor and Clerk be authorized to execute an Inter-Creditor Agreement in a form attached hereto between the Bank of Nova Scotia, the Town of Ajax, the City of the Municipality of Clarington, the City of Pickering, Veridian Corporation and Connections Inc. confirming the subordinated ranking of municipality held Promissory Not{ to the senior debt financing to be issued by Veridian Corporation; The Chief Administrative Officer and the Director, Corporate Services & Treasurer authorized to undertake any discussions, negotiations or amendments to -3- O3 Appendix I Finance Committee Report FC-2001-3 necessary_ in order to put into effect he wishes of Council as expressed under these and previous Resolutions regarding this matter; and 4. That appropriate officials of the City of Picketing be given authority to give effect thereto. CORPO1LATE SERVICES REPORT CS 36-01 SECTION 442/443 OF THE MUNICIPAL ACT - ADJUSTMENT TO TAXES That Report CS 36-01, regarding Section 442/443 of the Municipal Act - Adjustment to Taxes; be received That write-offs of taxes due to change in assessment as provided under Section 442 of the Munl-cipal Act R.S.O 1990 as amended, be approved: and That appropriate officials of'the City of Pickering be authorized to take the necessarx' actions to give effect thereto. CORPORATE SERVICES REPORT CS 38-01 BEAUBIEN COMMI S S ION That Report CS 38-01 of the Director. Corporate Services & Treasurer, regarding Beaubien Commission, be received tbr information. CORPORATE SERVICES REPORT CS 39-01 2002 INTERIM SPENDING AUTHORITT That Report CS 39-01 of the Director, Corporate Services & Treasurer, regarding 2002 Interim Spending Authority, be received; and That the 2002 Interim Operating Expenditures be approved at 50% of the prior years' budget including exceptions as contained in Attachment 1. pending approval of the formal 2002 Current Budgets by Council: and That the appropriate City of Picketing officials be authorized to take the necessary actions to give effect thereto. CORPORATE SERVICES REPORT CS 40-01 2002 TEMPORARY BORROWING BY-LA~, That Report CS 40-01 of the Director. Corporate Ser¥ices & Treasurer, regarding 2002 Temporary Borrowing By-lay,', be received: and That the temporary borrowing limit to meet 2002 current expenditures pending receipt of taxes and other revenues be established at $21,000.000 for the period January 1. 2002 to September 30, 2002 inclusive, and $10.000.000 thereafter until December 31, 2002; and That the temporary borrowing limit for capital purposes for 2002 be established at $12,000,000; and That the attached By-law be read three times and passed: and That the appropriate officials of the City of' Pickering be authorized to take the necessary~ actions to give effect thereto. -4- O4 Appendix 1 Finance Committee Report FC-2001-$ CORPORATE SERVICES REPORT CS 45-01 ACQUISITION OF BUSES That Report CS 45-01 from the Director, Corporate Services & Treasurer; concernin~ Acquisition of Buses, be received; and 2. a) That Council approve the acquisition of one refurbished GMC bus from Eastway Inc. at a cost of approximately $42,250 (plus applicable taxes) to replace the Orion bus that is undergoing extended repairs; and b) That this bus be leased to the Ajax/Picketing Transit Authority (APTA) until approximately October, 2002 and then a buyout provision be included in that lease; and c) That all terms and conditions of the purchase, lease and disposition of bus to be leased APTA be subject to the approved of the Chief Administrative Officer and the Director Corporate Services & Treasurer of the City of Pickering; and A second 1983 GMC bus be purchased from Eastway Ontario lnc. with the cost to be spli 50/50 with the Town of Ajax; and The appropriate officials of the City of Picketing be authorized to take the necessary action~ to give effect thereto. -5- 05 RESOLUTION OF COUNCIL DATE MOVED BY SECONDED BY That the Report of the Operations Committee dated November 26, 2001, be adopted. CARRIED: MAYOR 06 Appendix Operations Committee Re That the Operations Committee, having met on November 26, 2001, presents its fourth report to Council and recommends: OPERATIONS & EMERGENCY SERVICES REPORT OES 32-01 PUBLIC WORKS OFFICIALS "WHO DOES WHAT" STATUS REPORT That Report OES 32-01, of the Division Head, Municipal Property & Engineering "Who Does What" (WDW) Status Report, be received for information. OPERATIONS & EMERGENCY SERVICES REPORT OES 30-01 FIRE UNDERWRITERS SURVEY That Council receive Report OES 30-01, regarding the Fire Underwriters Survey, for informatio: purposes and as supporting documentation for the Fire Services Strategic Plan. OPERATIONS & EMERGENCY SERVICES REPORT OES 31-01 FIRE SERVICES PROTOCOL FOR HAZARDOUS MATERIAL (HAZMAT) AND BIO HAZARD RESPONSE That Council receive Report OES 31-01, regarding the Fire Underwriters Survey and endorse "Protocol for Accessing Team - 1 Services" as the City's procedure for addressing Bio incidents. OPERATIONS & EMERGENCY SERVICES REPORT OES 37-01 WHITEVALE BLACKSMITH SHOP RESTORATION PROPOSAL WHITEVALE PARK That Report OES 37-01 regarding the Whitevale Blacksmith Shop Restoration Proposal b{ received; and That City Council at this time acknowledges and authorizes City-owned lands, Whitevale Park, are the subject of an application to amend the zoning by-law respecting proposed blacksmith shop in Whitevale, by William Waddell, on a without prejudice basis the ultimate position that City Council might take in the future respecting the rezonin application; and That City staff be authorized to work with Mr. Waddell to jointly develop a partnership agreement on the Whitevale Blacksmith Shop Restoration Proposal for Council's approval; and 3. That City of Picketing application fees related to the rezoning application and the issuance applicable permits for the Whitevale Blacksmith Shop Restoration Proposal be waived; and 4. That appropriate officials at the City of Pickering be given authority to give effect thereto. -4- 07 Appendix I Operations Committee Report OC-2001-4 OPERATIONS & EMERGENCY SER\qCES REPORT OES 33-01 CONSTRUCTION PRIORITIES FOR REGIONAL ROADS WITHIN THE CITY OF PICKER1NG ?hat report OES 33-01 recommending Regional Road construction priorities within the City of ~ickering be received, endorsed and fbrwarded to the Regional Municipality of Durham 'equesting that its recommendations be considered in the 2002 Budget and multi-year Capital Forecast. OPERATIONS & EMERGENCY SERVICES REPORT OES 34-01 PESTICIDE USE CITY OF PICKERING PROPERTY That Report OES 34-01 from the Division Head, Municipal Property & Engineering regarding pesticide use on municipal property be received for information: and That Picketing Council endorse the concepts of Integrated Pest Management and Plant Health Care Program fbr the City's municipal land holdings; and That staff continue to strive to minimize the use of pesticides and incorporate alternative products and methods into their Plant Health Care program; and That staff be directed to tbrmalize and promote the Plant Health Care Program through an education program of public awareness and staff training. OPERATIONS & EMERGENCY SERVICES REPORT OES 38-01 'FENDER T-12-2001 - TENDER FOR REMOVAL AND REPLACEMENT OF CONCRETE BOX CULVERT ON WHITEVALE ROAD AND TENDER T-8-2001 - TENDER FOR CULVERT NO. 213 MODIFICATIONS PICKERING - LU(BRIDGE TOWNLINE 1. That Tender No. T-t2-2001 submitted by Ron Robinson Limited Ltd. in the amount of $124,761.47 including 7% G.S.T. not be accepted per Information to Bidders Item No. 18(c). That the approved funding lbr Removal and Replacement of Concrete Box Culvert on Whitevale Road be reallocated to the Culvert No 213 Modification Picketing - Uxbridge Townline project. 3. That Tender No. T-8-2001 submitted by Montgomeu' MacEwan Contracting Ltd. in the amount of $278,395.81 including 7% G.S.T be accepted 4. That a project cost of $314.339.10 including the Tender amount and other associated costs be approved, and 5. That funding in the amount of S315.000.00 be approved. -5- O8 RESOLUTION OF COUNCIL DATE MOVED BY SECONDED BY That the Report of the Planning Committee dated November 26, 2001, be adopted. CARRlED: MAYOR Appendix 1 Planning Committee Report PC-2001-4 That the Planning Committee of the City of Picketing having met on November 26, 2001, presents its fourth report to Council: PLANNING & DEVELOPMENT REPORT PD 36-01 DRAFT PLAN OF SUBDIVISION M?PLICATION SP 2001-03 974582 ONTARIO LIMITED (GLENBROOK HOMES) FORMERLY G. & A. HILTS) PART OF LOT 22, RANGE 3. B.F.C. LANDS ON THE EAST SIDE OF LIVERPOOL ROAD AND SOUTH OF WHARF STREET That Draft Plan of Subdivision SP 2001-03 submitted by Mr. J. Winters of Glenbrook Homes, on lands being Part of Lot 22, Range 3, B.F.C., Citv of Picketing, to permit the establishment of three development blocks to support 17 townhouse dwelling units providing minimum construction criteria to readily accommodate retrofit to accept commercial uses within the ground floor of those units, and to create a fourth development block within the rear of the subject lands to support vehicular access, vehicle parking and seasonal boat storage, be NOT APPROVED. 10 November 27, To: From: Subject: PLANNING & DEVELOPMENT DEPARTMENT MEMORANDUM 2001 Bruce Taylor City Clerk Steve Gaunt Planner II Draft Amending By-law to Remove a Holding Symbol Zoning By-law 5464/99, as amended by By-laws 5513/99, 5565/99 and 5767/00 Zoning By-law Amendment Application A 27/01 Victorian Homes Ontario Inc. Part of Lot 20, Concession 8 (Parts 2 to 7, Plan 40R-20821) (south side of Kodiak Street, east of Sideline 20) City of Picketing Further to Council's approval of Zoning By-law 5464/99 in 1999 that desigmated the subject lands as "R6-Y' with an "(H)" - Holding Symbol, this Department has prepared a draft amending by-law to remove the "(H)" - Holding Symbol as it applies to the portion of the subject lands identified as Parts 2 to 7, Plan 40R-20821 (see attached Location Map). The draft amending by-law is attached for the consideration of City Council at its meeting scheduled for December 3,2001. Prior to an amendment to remove the "(H)" holding symbol preceding the "R6-3" Zone designation on the subject lands, the owner is required to enter into a development agreement with, and to the satisfaction of, the City to address all matters of' interest to the City respecting the development of those lands for residential purposes. A development agreement was entered into between the City and the owner that secured all of the City's interests respecting the lands severed into two lots on the north side of Kodiak Street and recognized the subject lands for nitrate dilution purposes. Since that time, abutting lands to the south of the subject lands were rezoned for environmental protection purposes to satisfy the needs for nitrate dilution for both the subject lands and the lots on the north side of Kodiak Street. h~ addition, City staff comments provided to the Region of Durham Land Division Committee about proposed severance applications (LD 196/01 to 198/01) to create four lots on the subject lands included requirements to be met prior to clearance of the severances. Bruce Taylor November 27,2001 Page 2 The requirements included rezoning of the lands to lift the "H" Holding Symbol, a development a~eelnent to address nitrate dilution, securities to provide for any City works needs and for provision of cash-in-lieu of parkland. In thc meantime, Kodiak Street was built and dedicated to City ownership. The developer has recently provided cheques to thc Legal Serxiccs Division to pa,,,' the fee for an mncnded development agreement for the subject lands and full payment of the cash-in-lieu of parkland contribution. Staff will not release clearance of tile severances until the amending agreement is executed and registered. The subject lands were also frozen earlier this year as a result of the Oak Ridges Moraine Protection Act prohibition of planning approvals such as rezonings that would pemfit the creation of new lots tinctuding by removal of holding provisions) on the Oak Ridges Moraine until November 17, 2001. As the Oak Ridges Moralize Protectiou ~ct has now la_~5~d, the Ministry of Municipal Affairs and ttousing has advised that Council once again has thc authority to approve of rezonings to remove holding symbols for lands within the ~ak Ridges Moraine. Thc proposed Ou/; Ridges Moraiue Couscrvation ~4ct, 2001, proposed as replacement legislation; will still give Council similar authority to approve rezonings of this type when it comes into for'ce (expected early in 2002). The purpose and effect of this by-law is to lift tile }tolding Symbol designation to permit residential development on the subject lands. iii' you rcquire further information or clarification, please do not hesitate to contact me. I concur that this by-law be considered at this time. Directo~ Development SG/jf Attachment Steve Gaunt 12 CENTRAL STREET L---~NDS SIJ_~Z~JECT TO ~ ~ City of Pickering Planning & Development Department PROPERTY DESCRIPTION PART OF LOT 20, CONCESSION 8; PARTS 2 TO 7, 40R-20821 OWNER CLAREMONT ESTATES ONTARIO DATE NOV 27, 2001 DRAWN BY RC APPLICATION No. A27/01 SCALE 1:7500 CHECKED BY SG FOR DEPARTMENT USE ONLY PN-S10 PA- THE CORPO[L*TiON OF THE CITY OF PICKERING BY-LAW NO ~ Being a By-law to amend Restricted Area (Zoning) By-law 3i)37, as amended, by By-laws 5464/99, 5513/99, 550599 and 5767/00, to implement the Official Plan of the City of Picketing District Planning Area, Region of Durham in Part of' Lot 20, Concession 8 (Parts 2 to 7, Plan 41)R 20821), in the City of Picketing. fA 27/01 ) WHEREAS tile Council of the Corporation of tt~e City of Picketing passed Bx-law 5464/99 on March 8, 1999, to permit thc development of detached dwellings, with the option for garden suites, on the lands, being Part of Lot 20, Concession 8, in the City of Picketing; AND WHEREAS By-lave 5464/99 includes all "(H)" Holding Symbol preceding the residential zoning on tile lands, which has thc effect of preventing any residential developmenk from occurring until such time as the owners enter into a development agreement with and to the satistk~ction of thc City, to address all matters of interest to the City respecting the developn2ent: AND WHEREAS the owners have now entered into tile necessary development agreement with and to tile satisfaction of thc City addressing all of the City's interests respecting the development of four residential lots on thc subject lands, being })arts 2 to 7, Plan 40R-20821; AND WHEREAS an alnendmcnt to ainending By-law 5464/99, as amended by By-laws 55 ,t 13/99, 5565/99 and 5707 to remove the "(H)" Holding Symbol preceding the residential zoning on the sub.icct lands is thereibre deemed appropriate; NOW THEREFORE THE COUNCIL OF Tile CORPORATION OF TIlE CiTY OF PICKERING HEREBY ENACTS .AS FOLLOWS: · 1 3 1. SCHEDULE I Schedule I to By-law 5464,99, as amended by By-laws 5513/99, 5565/99 and 5767/00, is hereby amended by removing the "{H)" Holding Symbol preceding the "R6-Y' Zone designation on tile subject lands as set out on Schedule 1 attached hereto. 2. AREA RESTRICTED By-law 3037, as amended by By-law 5464/99, is hereby further amended only to the extent necessary to give effect to the provisions o£this By-law as set out in Section 1 above, and as set out in Schedule I attached hereto. Definitions and subject matter not specifically dealt xxith in this by-law shall be governed by the relevant provisions of By-law 3037, as amended, and by By-law 5464/99, as amended by By-laws 5513 99. 5505 99 and 57(57/00. 3. EFFECTIVE DATE This By-law shall take etTect from the day of' passing hereof. BY-LAW read a first, second, and third time and finally passed this December ,2001. 3rd day of, Wayne Arthurs. Slaver Bruce Taylor, Clerk 14 R6-3 E 5 OS-HL R6-3 R6-3 LANE EFER TO Y-LA~ 5872/01 \ \ \ SCHEDULE 'r TO BY-LAW PASSED THIS 3rd DAY OF Decemb~ 2001 5921/01 AMENDED AMENDED AMENDED BY BY- LAW BY BY- LAW BY BY-LAW 551,5/99 5565/99 5767/00 MAYOR CLERK THE CORPORATION OF THE CiTY OF PICKERING 15 BY-LAW NO. 5922/01 Being a by-law to amend By-law 2359 87 regulating parking, standing and stopping on higbv,'ays on private and municipal property. WHEREAS, pursuant to the Municipal Act, R.S.O. 1990, ctuapter M.45, sections 218.52,210.73, 210.123-126,210.131,310, 314.7, and 314.8, the Council of the Corporation of tt~e City of Picketing enacted By-law 2359/87 regulating parking, standing and stopping on highways an on private and on municipal property: NOW THEREFORE THE COUNCIL OF THE CORPOtL4T1ON OF THE CITY OF PICKER1NG HEREBY ENACTS AS FOLLOWS' the following items: ~ Side Balaton Avenue North Schedule 'A' to Bv-law '~'' 59-87, as amended, is hereby amended by deleting therefrom Balaton Avenue South Between,. And 25 meters west of Fanshav,' Place to 60 meters east of Fanshaw Place Kingfisher Drive to 60 meters east of Kingfisher Drive Prohibited Times and D a.'o_ 8:3(I a.m. to 4:30 p.m. Monday to Friday 8:30 a.m. to 4:30p.m. Monday to Friday Schedule 'B' to By-law 2359-87, as amended, is hereby amended by deleting therefrom the following items: Highway Side Betweew'And Days Balaton Avenue North 60 meters east of See Note 1 Fanshaw Place to Lublin Avenue Prohibited Times and Schedule 'G' to By-law 2359-87. as an~ended, is hereby amended by deleting therefrom the following items: Highway Side Balaton Avenue South Between':Knd 48 meters east of Kingfisher Drive aild 105 meters east of Kingfisher Drive Prohibited Times and Days 8:30 a.m. to 4:30 p.m. Monday to Friday Schedule 'A' to By-law 2359/87, as amended, is hereby amended by adding thereto the following items: Highway Side Balaton Avenue North Balaton Avenue South Between/And 32 meters west of Fanshaw Place to 168 meters east of Fanshaw Place Kingfisher Drive to Cortez Avenue Prohibited Times and Days 7:30 a.m. to 4:30 p.m. Monday to Friday 7:30 a.m. to 4:30 p.m. Monday to Friday BY-LAW read a first, second and third time and finally passed this 3rd day of December 2001. Wayne Arthurs, Mayor Bruce Taylor, Clerk THE CORPORATION OF THE CITY OF PiCKERING 1 7 B¥-LAWNO. 592 3/01 Being a b¥-la~' to amend By-la~' , 63.~, 88 WHEREAS pursuant to the 31unicit2aI Act, R.S.O. 1990. Ctmpter H.8, the Council o£ The Corporation of the City of Picketing By-law 2632/88 provide for the erection of stop signs at the intersections on highways under its jurisdication. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE CITY OF PiCKERiNG HEREBY ENACTS AS FOLLOWS: Stop sign shall be erected at thc intersection of highways set out in Column I of Schedule A attached hereto, facing the traffic bound in the directions set out in Column ii of the Schedule. Schedule A to By-law 2632/88, as amended, is hereby amended by adding thereto the following items: Colunm I Column H h~tersections Facin~ TraFt~c Baggins Street and Melman Street Southbound on Bag?ns Street Sandy Beach Road and Montgomery Park Road Southbound on Sandy Beach Road Sandy Beach Road and Montgomery Park Road Westbound on Montgomeu' Park Road This by-law shall not come into tbrce unless it is approved by the Council of the Regional Municipality of DUrham pursuant to the Regional Municipality of Durham Act, R.S.O. 1990, Chapter R.8, section 34. BY-LAW read a first, second and third time and finally passed this 3rd day of December, 2001. Was~c Arthurs. Nlayor Bruce Taylor. Clerk THE CORPORATION OF THE CITY OF PICKER1NG BY-LAWNO. 5924/01 Being a by-law to provide for the establistmmnt of a Reserve Fund to be known as the Workers' Compensation Reserve Fund. WHEREAS under The Municipal Act, R.S.O., 1990 as amended, Section 163 (2) and 252, thc Council of the City of Picketing may establish and maintain a reserve fund for any purpose for which it has authority to expend funds. WHEREAS under the Workplace Safety and Insurance Act, 1997, Part VII], S. 97, thc Workplace Safety h-murance Board (WSIB) shall establish and maintain one or more reserve funds to pay benefits in future vears in respect of claims for accidents that happen in a year. WHEREAS it is desirable for thc City of Pickering to establish such a reserve fund for the purpose of paying for the initial costs of transferring from Schedule I to 2. to meet annual costs of insurance coverage, to access funds in the event of a claim, and to t'und health and safety programs and other costs. Wt-IEREAS the Council of the City of Picketing has approved the transfer of Workplace Safety & Insurance Board coverage fi-om Schedule 1 to 2. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE CiTY OF P1CKERING HEREBY ENACTS AS FOLLOWS: The establishment of a reserve fund known as the Workers' Compensation Reserve Fund is hereby authorized. The Workers' Compensation Reserve Fund shall consist of such annual savings as a result of thc transfer from Schedule 1 to 2 in 2001, 2002 and 2003 and from time to time as the Council may approve together with the investments made and earrfings derived there from. The Workers Compensation Reserve Fund shall be used t'or the purpose of paying for the initial costs of transferring from Schedule 1 to 2, the annual costs of insurance coverage, contributions towards the expanded health and safety program, and the payn~ent of claims and other related costs. 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 this 3rd day of December, 2001. Wayne Arthurs, Mayor Bruce Taylor, Clerk THE CORPORATION OF ri'tiE CITY OF PICKERING B'~'-L:\\V NO. 5925/01 Being a bx-laxx to authori×c tile temporary borroxving of lnoncvs to meet thc cull-Chi and capital expenditures of the City of Picketing let WHEREAS Section 187 of the Nlunicipal Act provides that the Council of thc ('iix of Pickcring may by by-law authorize thc Mayor and Treasurer of the .Xlunicipality to bo~oxv fl'oln time to time by way of promissory note such sums as the Council may deem nccessalw to meet, until thc taxes lbr thc current year arc collected and other revenues are received, tiao current expenditures of the Municipality For thc year. including the amounts required lbr principal and interest falling duc within thc ~ear upon any debt of thc Municipalit>'. and thc sunls 1-equircd by law to be provided by the Council lbr ally local board of the Municipality: and. WItEREAS Section 187(2) limits the total of suctn borrowings to not exceeding 50 per cent of the estimated annual revenues fi'otn ,lanuarv 1. 20()2 to Scpten~bcr 30. 2002 and 25 per cent thcrcalkcr: and, \VHEREAS it is deemed necessary by the said Council to borroxx the sum ogtwenty-one million dollars (521.000,000) to meet, until the taxes lbr thc CmTCnt Year arc received, the current expenditures of the Municipality tbr the x'cal' 2()u2. including the amounts and sums aforesaid; and, WHEREAS tile said sum of twenty-one million dollars ($21.{)I)0,000) plus any similar borrowings that have not been repaid, is less than 5{} per cent of the total amount of tile estimated revenues of the Municipality fi-om Januarx 1 to September 3() tis set tbrth in the estimates adopted bv the said Council for the year 2{//~1 exclusive of revenues derivable from the sale of assets, borroxvings or issues of debentures or 15'om a surplus including mTears of levies and $10,000,000 is less than 25 per cent thereafter: and. WHEREAS Section 188 of the Municipal Act provides that if a municipality has by by-law approved an undertaking to be financed in whole or in part by incurring long-term debt, the council may by by-law authorize temporary borrowing to meet expenditures made in connection with the undertaking; and, WHEREAS it is deemed necessary by thc said Council to borrow the sum of tv,'elve million dollars (512,000,000) to meet the capital expenditures approved by (_'ouncil. NOW TftEREFORE THE COUNCIL Of TI-IE CORPOR:XTION OF THE CITY OF PICKERiNG HEREBY ENACTS AS FOLLOWS: Thc Mayor and Treasurer of thc City of' Picketing be and they arc hereby authorized to ben-ow fi-om time to time bx way o£ promissoU' notes a sum or sums not exceeding twenty-one million dollars tS21,0tii).ul,)i;) to meet, until the levies for the year 2002 are received, the CUiTent expenditures of the Municipality tbr such year, including the amounts required for principal and interest f'alling duc within thc year upon any debt of the Municipality for the period .lanuarv 1. 2002 to September 31), 2002 inclusive and $10,000,000 thereafter until December 31. 2002. 2O o The Mayor and Treasurer of the City of Picketing be and they are hereby authorized to borrow from time to time by way of promissory notes a sum or sums not exceeding in all the sum of twelve million dollars ($12,000,000) to meet the capital expenditures as approved by Council, of the Municipality including the amounts required for principal and interest. Any promissory notes made under the authority of this By-Law shall be sealed and signed in accordance with the provisions of the Municipal Act and may be countersigned in writing by the iManager, Accounting Services of the Corporation in accordance with thc provisions of the said Act. 4. This By-Law shall come into effect on the first day of Januao' 2002. BY-LAW read a first, second and third time and finally passed this 3rd day of December, 2001. Wayne Arthurs, Mayor Bruce Taylor, Clerk