HomeMy WebLinkAboutKIN 75 3144 Amend by-law # 3084
THE CORPORATION OF THE TOilN OF KIN RDINIII
BY-LAW NO. 314.4.
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Being a By-law to amend By-law No. 084 being a
By-law to authorize the reconstruction of Durham
Street and bridge over the Peneta gore River
in the Town of Kincardine.
The Gouncil of the Corporation of the
enacts as follows:
1. That Secti on 1 of the said By-law 3084 is hereby amended
by substituting therefor the following ction:
"That a bridge and its approaches be co tructed across
the Penetangore River on Durham Street n the Town of
Kincardine at an estimated cost of 1430,000.00."
2. That Section 5 of the said By-law 3084 s hereby amended
by substituting therefor the following ection:
"The cost of reconstruct ion of the said 'bridge and its
approaches shall be paid by obtaining loan from the
Bank of Montreal, secured by promiss" note of notes
not exceedins the sum of $430,000.00 a interest
the reon at 9~ percent per annum. The nistry of
Transportation and Communications agre s to pay 80%
of the said e stiœ ted amount of 297,00 .00 and agree s
to pay 50% of the said estimated amoun of $117,000.00
leaving a balance of $126,500.00 to be 'paid by the
Corporation of the Town of Kincardine. I
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Read a first, second and third time and f..ihallJ y passed this
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18th day of December, 1975.
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