HomeMy WebLinkAboutBy-law 8068/23The Corporation of the City of Pickering
By-law No. /23
Being a Ey-law to repeal By-law C9/1980 being a By-law to amend the Town of Pickering Municipal Code to establish a reserve fund for the Financing of a Capital Works Program.
Whereas the Capital Works Reserve Fund was established to set aside monies
received for Lot Development Fees Collected.
Whereas the legislative framework that gave rise to Lot Development Fees has been replaced by the Development Charges Act 1997 (as amended) such that the City no
longer receives Lot Development Fees.
Whereas the Council of the City of Pickering approved Council Report FIN -23 authorizing the City to close the Capital Works Reserve Fund.
Now therefore the Council of the Corporation of the City of Pickering hereby enacts as
follows:
1. That By-law C9/1980 be repealed in its entirety.
2. That this By-law shall come into effect upon the date of the final passing thereof.
By-law passed this 11th day of December, 2023
________________________________ Kevin Ashe, Mayor
________________________________ Susan Cassel, City Clerk
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