HomeMy WebLinkAboutKIN 75 3093 Estab reserve fund
TßE CORPORATION OF THE TOWN OF KINCARDI, E
BY~LAW NO. 3093
cardine to
Municipal Act,
.
. I:'
A By-~w of the Corporation of the Town of K
establish a reserve fund as authorized by th
R.S.O. 1970 Chapter 284, Section 309.
WHEREAS the Council of the Town of Kincardin, intend, in
consideration of the expense incurred or to incurred by
the Corporation as a result of proposed subdi isions_;of land,
such contribution shall be used only to meet xpenditures for
work done within the subdivision or for the nefit or use
of the occupiers or subsequent occupiers of ~ e land within
the subdivision or to meet expenditures inc~ ed wholly or
in part by reason of the subdivision of such nd and, where
a contribution is made for a specific purpos~ it may be
used only to meet expenditures for such purPQ e.
AND WHEREAS such êontributions shall be paid to a special
bank account.
1.
NOW THEREFORE The Council of the Corporat
follows: Such contribution shall be paid i
the subdivider and the Corporation in acd
schedule of fees set forth in Schedule "A
on enacts as
s agreed between
rdance with the
of this By-law.
2. Such funds shall be used for the purposes set out in
Section 309 (1) of the Municipal Act.
3. Notwithstanding the foregoing, if any of he contributions
received are, in the opinion of Council, ot required
or likely to be required for the said poses, the
contributions may, if authorized by a twoi thirds vote
of the members of Council be expendited ø r some other
purpose.
4. By-law 3051 be and the same is hereby rep,
READ a FIRST and SECOND time this 15th da
of ~r,' 1?7-5.
... ~- '.'~-" .-.//;::..>---
Úø~Yor
~EAD a THIRD time and finally
,
~ -,
C': èrk -~?
~,
PASSED this
- ,-' "'"'.!-
5th day of May, 1975
t~~~vor
/
SCHEDULE "An TO BY-LAW
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3093
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"
RESERVE FUND CONTRIBUTION FEES ON LOTS.TO BE
A STREET SERVICED WITH WATER ONLY:
1. Single Family Dwelling Units .........
.it... $1,500.00
.
RESERVE FUND CONTRIBUTION FEES ON LOTS TO BE
A STREET SERVICED BY WATER AND SEWERS:
1. Single Family Dwelling Units......... per
2. Each dwelling unit in a multiple resident
building...... per
$1,500.00
$1,500.00