HomeMy WebLinkAboutKIN 77 4105 Reconstruct Russell
THE CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW NO. 4105
BEING A BY-LAW TO AUTHORIZE THE RECONSTRUCTION OF RUSSELL STREET
IN THE TOWN OF KINCARDINE.
WHEREAS pursuant to the Provisions of the ~unicipal Act,
as amended, R.S.O. 1970, Section 443 (1) that t~e Council of
every municipality may pass By-law for repairing highways.
AND WHEREAS the Corporation of the Town ofl Kincardine has
deemed it necessary to reconstruct the final ph~se of Russell
Street in the said municipality.
AND WHEREAS the Council of the said Town ot Kincardine has
authorized certain work to be done on Russell Sþreet and it will
be necessary to borrow certain sums to meet thel cost of said work
until such time as the taxes to be levied theretore can be collected
and the proportion, if any, of said cost payabl~ by the Province
to the Town shall be received.
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NOW THEREFORE the Municipal Council of the! Corporation of
Town of Kincardine enacts as follows:
That Russell Street, in the Town of Kinca~ine be
reconstructed at an estimated cost of $110~000.00.
That B.M. Ross & ASSOCIATES Limited be apPtinted as
Engineer and that he do forthwith make suc plans,
profiles and specifications and furnish su h information
as may be necessary for the making of a co~tract for the
execution of the work. .
The work shall be carried on and executed µnder the
superintendence and according to the direcþions and
orders of the said Engineer.
The Mayor and Clerk of the Town of Kincard~ne are hereby
authorized to cause a contract for the conþtruction of
the work to be made and entered into with ~ome person
or persons, firm or corporation, subject tp the approval
of the Council to be declared by resolutio~.
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The cost of reconstruction of Russell Streft shall be
paid by obtaining a loan from the Bank of ontreal, secured by
a promissory note or notes not exceeding t e sum of $110,000.00
and interest thereon at g 1/4~ per annum. ¡
That this By-law shall become effective upþn the final
passing thereof, subject to the approval of the Ontario
Municipal Board.
READ A FIRST AND SECOND TIME THIS
third day of November 1977.
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READ A THIRD TIME AND FINALLY PASSED THIS sixtrenth
day of
February
1978 .
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Mayor'
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Ontario
B 772006
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IN '1'HE HAT'l'BR OF an apPl1aat~on by
The COrporation of the '!'OWn :
of Kincardine for an order '
approvinc¡ I I
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(a) the reconatruction o~ Rua..ll
Street (Phs.. 11) fr~
200 f.et Weat of pacKLstreet
175 teet "..t ot Sauq"en or
Goderich Road, a dis~. of
approximately 3125 fe t at an
estimated cost of $11 ,000.00,
and the borrowing ot ney by
way of t8ll\POrary adv ces not
exce.d1nq in the a!Jgr vat. such
e.timated cost pendin the .a1e
of debenture., and
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(b) the 1a.uance of the ub, ..aary
debenture. í
B B I' 0 REI
A.H. AlUU!:LL, O.C.
Vice-Chairman
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February, IP78
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Wednesday, 'ithe let day of
D. S. COLBOURNE
Vice-Chairman
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THE BOARD ORDERS that this application be qranted and that
the applicant: may proceed "ith the aaid undert~1ng and may
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paa. all requi81te by-la"a, and may iaaue debe ture. therefor
tor a, aum not exceeding $110,000.00 'and not 1:0 exce4ld the
net: cOat ot auch undertaking' 1:0 the applicant, or a term
not 1:0 exceed fifteen years.
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tHTERE
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FEe 7 1918
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