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HomeMy WebLinkAboutBy-law 6967/09 THE CORPORATION OF THE CITY OF PICKERING BY-LAW NO. 6967/09 Being a by-law to repeal By-law No. 6418/04 which was for the establishment of a Reserve Fund to be known as the Dedicated Gas Tax Reserve Fund. WHEREAS the City of Pickering passed By-Law 6418/04 to establish such a reserve fund for the purpose of receiving funding from the Province for the paying of transit related expenses that are intended to increase ridership. WHEREAS with the transfer of transit services to the Region effective January 1, 2006, this Reserve Fund has served its intended purpose and no longer required and can now be closed. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE CITY OF PICKERING HEREBY ENACTS AS FOLLOWS: 1. That the Reserve Fund known as the Dedicated Gas Tax Reserve fund be closed: 2. That By-law 6418/04 be repealed. 3. That this By-law shall come into effect upon the date of the final passing thereof. BY-LAW read a first, second and third time and finally passed the 15th day of June, 2009. David Ca - , ayor Debi A. Wilcox, City Clem