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HomeMy WebLinkAboutBy-law 206/75THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NUMBER ,2ob '?y Being a by-law to authorize the construction of a Works/Transit Centre at an estimated cost of $1,038,200.00 WHEREAS it is desirable that a Works/Transit Centre for the Town of Pickering be constructed to replace the Works Yard which was expropriated by the Federal Government for the proposed International Airport; AND WHEREAS the construction of the Works/Transit Centre is described in a Report of Consultants Totten, Sims, Hubicki Associates Limited and is at an estimated cost of $1,038,200.00; AND WHEREAS authority for said construction of that joint facility is found in Section 336 (1) of The Municipal Act, R.S.O. 1970 for the Works aspect and in section 354 (90) (iii) for the Transit aspect of the Centre; AND WHEREAS it is estimated that a Provincial grant will be obtained by the Town in the amount of $432,450.00; AND WHEREAS it is deemed expedient for the purpose of construct- ing the said Works/Transit Centre to borrow a sum not exceeding the sum of $650,000.00; AND WHEREAS the total cost of the construction of the Works/ Transit Centre for which a grant or subsidy is not received will be levied by an annual rate against all the rateable property in the Town of Pickering over a period of 20 years; AND WHEREAS application has been made to the Council of the Regional Municipality of Durham to borrow said sum and to issue debentures therefor; NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF PICKERING HEREBY ENACTS AS FOLLOWS: - 2 - 1. The construction of the Works/Transit Centre be and the same is hereby authorized. 2. There shall be borrowed for the purpose set out in Clause 1 the sum of $650,000.00 which sum shall be a charge against all the rateable property in the Town of Pickering. 3. That the special rate to pay for the said Works/ Transit Centre site shall be paid in 20 annual instalments. By-law read a first and second time this k S, day of JP,)V). , 1975. h h Mayor Clerk By-law read a third time and passed this day of -t?? , 1975. 0 Mayor C d f `fix - TOWN OF PICKFRING APPROVED AS TO FORM