HomeMy WebLinkAboutBy-law 7430/15By-law No. 7430/15 Page 2
Now therefore the Council of The Corporation of the City of Pickering hereby enacts as
follows
1. That the City proceed with the project referred to as "Supply and Delivery Seven
Fire Vehicles Replacements"
2. That the estimated costs of the project in the amount of $195,256.00 be financed
as follows:
a) That the sum of $190,000.00 be financed by the issue of debentures by
The Regional Municipality of Durham over a period not to exceed five
years,
b) That the sum of $5,256.00 be funded from property taxes;
3. That the funds to repay the principal and interest of the debentures be provided
for in the annual Current Budget for the City commencing in 2016 or such
subsequent year in which the debentures are issued and continuing thereafter
until the debenture financing is repaid.
By-law passed this 13t" day of July, 2015.
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Davi�dRyan, Mayor
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Debbie Shields, City Clerk
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