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HomeMy WebLinkAboutBy-law 254/75THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NUMBER chi 7S? Being a by-law to authorize the construction of a Community Centre at an estimated cost of $49,80 ArLS/1 vw • vv WHEREAS it is desirable that a Community Centre for the Bay Ridges area of the Town of Pickering be constructed for the recreational and social needs of the residents; AND WHEREAS the cost of construction of the Community Centre is estimated at X999 QQQ 9a; ?1S/? uro ro 4 nip AND WHEREAS authority for said construction of the facility is found in section 352 (74) of The Municipal Act, R.S.O. 1970, as amended; AND WHEREAS it is estimated that a Provincial grant will be obtained by the Town in the amount of 6&6;89@-00; S?6S? JW•cla 4w4 AND WHEREAS a cash contribution estimated at $19,000.00 will be received by the Town towards the cost of the project; AND WHEREAS it is deemed expedient for the purpose of con- structing the said Community Centre to borrow a sum not exceeding an amount of 0-6- i •x'/69, M • M ; k,`t' AiZ WHEREAS the total cost of the construction of the Community Centre for which a grant, subsidy or contribution 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; - 2 - NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF PICKERING HEREBY EXACTS AS FOLLOWS: 1. The construction of the Community Centre be and the same is hereby authorized. 2. There shall be borrowed for the purpose set out in \%^ccc, , er, -% Clause 1 the sum of $400%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 Community Centre shall be paid in 20 annual instalments. By-law read a first and second time this '4 day of June, 1975. Mayor -'' L, Adminis trator-Cle By-law read a third time and PASSED this day of 1975. TOWN OF PICKERING Mayor Administrator-Clerk APPROVED AS TO FORM