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
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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;
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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;
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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;
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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
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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