HomeMy WebLinkAboutKIN 73 3003 Borrowing By-law
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CORPOIA.'l'ION OP THE TOWN OF KINCARDI!m
BY-tAW )00)
Se1D¡ a By-law to borrow .60,000.00 for the a uir1D¡ and
ImproYiuof eerta1D land. for the purpose of a lllUDioipa1
park1D¡ lot.
1fItiUAS'~:INh.provid" by the Munidpal Act, hapter 284.,
Section )S2, s....72, tbat By-laws _y be pas ed for
acqu1r1D¡, e.'abUshing, laying out and illpro ng ~d.,
building and .tnwture. where "chicles IllaY b pa~ed, aad
tor erecting buildings or s~ruèture. for or connection
with the parkial. of vehicles1D, on or under a y land ves'ed
tor any purpose:1n a lllUDicipality, and for 1 sing such
land, buildings or struct.ure., and' tor regula ing, supervising
and governing the par~' of vehicles therein or thereon.
AIm .WHBBUS the Counell of the. Corporation ha by By-law
-No. 2216 authori... the purchaft certain land.
AND ¥RUsts it. is .eemed expedient to borrow
purpo.e a aumtòt exceeding $60,000.00 upon t
the Corporation;
Now th~Qre be it and it is hereby enacted:
1. The lands dHeribed in Sehedule "A" attae d hereto
are hereby des1pated as a lRURicipal par lot.
2.
The treasurer is hereby authoriaed to bo
not exceeding $60,000.00 trOll the Bank of
Iiacard1De to covez: said purchase price 0
and perform improve~. thereon.
). '1'h' T~.hall borrow 60,000.00 by the.. of
debentures repayable over 10 year. buri such rate
of interect a. _y be esta blisheca. prior to the ..Ie of
.ueh debenture. and the proceeds of which ball be used .
to piay off the intvim borrowing. from the aid bank.
w amount
ntreal,
said lands
4.. The Corporation of the Town of Kincardine hall levy
OD all rateable p1"C)perty in the munic1pali y an a aBlOunt
over and above other levies including int est on the
sai. .ebentures.
5. Tbatt" By-law sball htQlIae effective u n the tinal
pa.sing thereof, suqjec' to the approval 0 the Ontario
Municipal Board. ~
Rtad a first and .econd time this 4. day of October, 197).
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Bead a tJa1rd t _ aDd.· t~:¡, passed this 1
April,>197Jt.
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In the Town of Kincardine in the Count
of Ontario, and being composed of that part of
on the east side of Queen Street in the said To
more particularly described as follows:
COMMENCD1G at a point in the Westerly imit of said lot
distant thirty-nine (39t) feet measured souther y thereon from the
north west angle thereof' THENCE easterly and p rallel with the
northerly limit of said lot a di~tance of eight five (85') teet;
THENCE northerly and parallel with the westerly limit of said
lot a distance of Thirty-nine (39') feet more 0 less to the northerly
limit of said lot; THZNCE easterly along the sa d northerly limit
to the north east angle of said lot; THE~CE sou herly along the
said easterly limit ninety_nine (99') feet more or less to the
south east angle thereof; THENCE westerly along the said southerly
limit one hundred (loot) feet to a point; THENC northerly and
parallel with th~ said easterly limit forty-ei t (48') feet
to a point; THENCE westerly and parallel with he said northerly
limit one hundred and thirty-one l13lt) feet mo e or less to
the westerly limit of said lot; THENCE northerl along the said
westerly limit. twelve (12') feet more or less t the point of com-
mencement.
TOGETHER WITH a right-of-way in commo
itled thereto in over along and upon that certa
of land more particularly described as follows:
BOMMENCING to measure at a point in t e westerly limit of
said lot number Five (5) distant Fifty-one (5lt) teet measured
southerly thereon from the north west angle of aid lot; THENCE
easterly and parallel with the northerly limit hereof one hundred
and thirty-one (l3l') feet to a point which sai point is the
point of commencement of the parcel herein desc ibed; THENCE
southerly and parallel with the westerly limit f said lot a distance
of (48t) feet; THWrCE westerly and parallel wi h the northerly
limit of said lot a distance of ten (lOt) feet; THENCE northerly
and parallel with the westerly limit of said 1 t a distance of
forty-eight (48') feet; THENCE eqsterly and pa llel with the
northerly limit of said lot a distance of ten (lOt) feet more
or less to the point of commencement.
AND SUBJECT TO a right-of-way in ove along and upon
that part of said lot number five (5) more par icularly described
as follows:
COl~~NCI~G at a point in the westerl
distant thirty-nine (39' ( feet measured southe
the riõr,th west angle of said lot ; THENCE easte
with the northerly limit of said lot a distanc
and thirty-one (13l') feet; THENCE southerly
the westerly limit of said lot a distance of t
THENCE westerly and parallel with the northerl
a distance of one hundred and thirty-one (l3l'
less to the westerly limit thereof; THENCE nor
said westerly limit twelve (l2') feet more or
of commencement.
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SCHEDULE "A"
PARCEL No. 1
In the Town of Kincardine in the Count
of Ontario, and being composed of the easterly
eleven (111') feet of Lot number Three (3) on t
Queen Street in the said Town of Kincardine, sa
thereout and therefrom the southerly ten (10')
conveyed to the Town of Kincardine and describe
registered as number 1668 for the Town of Kinca
PARCEL No. 2
In the Town of Kincardine in the Count
of Ontario, and being composed of the easterly
feet of Lot number Four (4) on the east side of
said Town of Kincardine saving and excepting th
(8!) feet thereof conveyed to the Town of Kinca
PARCEL No. 3
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of Bruce,Province
ne hundred and
e east side of
ing and excepting
eet thereof as
in instrument
dine.
of Bruce, Province
eventy-eight (78t)
Queen Street in the
northerly eight
dine.
of Bruce, Province
ot number Five (5)
of Kincardine
with others ent-
parcel or tract
limit of said lot
ly thereon from
ly and parallel
of one hundred
d parallel with
elve(12tr t-eeti·
limit of said ot
teet more or
herl-y along ·the
ess to the point
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r-tmicipal1ty of the Town 'Of Kincard4'1e-Page 2-
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1!.~EL No. 4
In the To~ of Kincardine in the County
'Of Q1tarla, and being composed of the easterly on
i;~et,of sub-di vïsiçm lot One (I) of Lot number Si
s~;:of Queèn Stréet~n the said Town of Kin card '
TOGETHER WITH' a right-of-way in over alo
ten (.10 I) feet 'Of saidsub-di vision lot next adjo
heX'é'Y c~nv,eyed to the west. .
£,Bruce, Pr.vince
hundre.d· (100' )
(6) pnt.he east
e~
g and upon the
ningthe la¡;¡ds
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. ....,P4~"N~±n5theTo~',;~*~rç~cariii,;e in 'úhe . CountJr,.:-ip.~( e~ P.~oVinèe.
j..'Q....~.... tCil.· ~t..~.,...a.I'I.dbE:.t.n. '.~ co. m., iX>ãej:lOf.-the east:.. erlY'.Oß. .hurl~.ed .(lOOI J.. ,
. ··t''ietH'>.f $Ub¡;'divislon. ,Lot '(TWo (2) of Lot.. Six (6) 'On ~þe.:e~st·~¡çie 'Of
. fiIij~eni'iStr'éetj¡nthe,·S·aitH~~qfKinca:dir¡.é. .' '.'~'; .,
" (." ..,'1'06ETH$.WJ:Tlka':right_Of_way lnover~lQ.~~~ qpoJ'l; å
,<I!!~.ì¡J;p'OflillCld more partiQu.:t.~rlY':describedàSfo¡¡ $.;.,,, >
..~/.,.:. ". :. ..... . QO.MMEN.. . ..' CING.8.t 8.'. Þ..O.lnt. Ut. the. s~.u. tþ....l...~. ...t,. . .'t;;,-~.·.,...li-t.dSU. b,:",..
4..:¡'0~. Two, (2)a't..r~;d1st~ce of one ~4tetJJ~'1 )f'eet;¿
. .8J!'ter1y!'rC»ll t1fe. soU'thea,st anglè ~~e$ ;, .Wttl¡:NCE .
'r n '1jt : ,\'ì' a s'tr¡¡.1t:ñ~ l~ne .P4tá;]J.el to. tM¥4~ :.dt,,;
.. - .,' ;!~,~~tl joi$!r '1W(~) 'a"dista~ of ,ji:orby ·1i.11'<1;, . ri:\:;:y~~x, on~. .
. . ,-:, ~ 4{)'.2Q!) f~et'RlQre or less to' the,'11Qrtn 'l'i~ff',Q.f sà't1t .
:.~ ~il'!~!' , (2:1,; TH_~ westerly a,lang t'f!e·1'tQrt l(i~t o:f-said .
XtSl~,J1ùø¡bè;r NO (2) a dis't¡ancø 'Of, ,Twenty-three f2J! ~e~; THÉNVE
'·~tMrlY¡'8ndpar"¡1~1¡Qthe éut, limit of 'said Lt;rtl¡it(ber TWo(2) ,
'. '/";~~.ce'.QofFo~y ahcl,~ty.,.sb alJ.e húndredths1¡.0.26') feet',
·~·'i;:"...... ~."'....'..." f. ·~..·..b....·..,tO.. . ttt!!,.~(!)~tþ. '..1limHl?f;:¡aid.. .Lot.number ~...i(2).'j. .THEI'JCE
.:i'IS~i' ~~g the soltthøly Umlt of said Lot numer''l'Wò''l2)
~~t!ite.123')feet more or less to the point f. cQØJMenèement.
":':/};:,'h,S 1B'JECTTO ,"-;r1Sht-of-wä.y at all times a d for all pur-
.þ(l)tj~;~e~ aJ,ongand, Upcm wrt of 1.ot nulllber Five., 51- ·afthe east
Šia:e;~t~~'St~et, ,and part Qf sub-division Lot1'íumbers one
(1·):9~~·;(2) of LotmU1'1ber S1:, (6) on the e~st ide of ,Queen
St.r.-.t.. t~/boundaJ¡'ie~'9'f>;said nght-of-way. belng re particularly
: de.~tbed,·f.i:,~òJ.lQÞls;.,>:.f.> '. '.. .'. .
, ,-;>,,,., .'C9_C:mG.t·~ipoint in the southerly 1 mi~ .ofsaid
....... . {stib":'~i5iþiiLot nUmbeJ¡'>Twa (2) at a distance of e Hund'red
(lOÞ~~Jfeet ~ëasureà.We.ater1y thereon from the sou h-ea.ster1y angle
orÍ!~d. sub....divisiop I,çt..·..n.UJ!'ber Twa. (2) ;. .THEN'PE NO 'XH.ERLY an d parallel
.... totJî~easterlY limit of liiaJ.d sub-dJ.V1sion Lotan bel's Two (2) and
One (1) an:øthe easter~ylimit of saiµ Lot Number . v~~ 5)a
d~~anoe 9£ J)ne Hundr~4"ilp:d Forty" an.d Fifty-two OnHµndredthlL
...0:l.m.:..,.,2') ;r~è.... tr'. T. HENC.~,,'.a.sterIY and parallel toth n.Ol"..therlY'
l1!!'IUafse:l.d·" ot number Five (5).a distance of Thi ty (30 ,)
£e.....e..~;..;:'c.THE«C..~.. ~. S uther¡y. an.d.' par.allel to, the easterllimit of said
~~\lmbérs'Pive (5)..·'8n'lisub-division Lots One (I) and .'I'wo (2)
ad;1stance'ar One Hundred and Farty and Fifty-two e Hundredths
t'l/f:Q.5.2') \feit. to a poihtin the. southerly limit of said Sub-
divi'Sion'Lot lfumber Two (2); THENCE wet3tèrly along hiß last
mentioned limit a distance of Thirty (30') feet mol' or less to
the. point of commencement of the right.of-way herei described.
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PARCEL Na. 6
A right-of-wày in common with others entit.ed thereto
in over along an d upon part of sub-division Lot D 0 Lot Seven
(7) anthe'east side of Queen Street and part of t.h '.U1subdivided
portion of said Lot Seven (7) , the bounàaries of sa d parcel.
betng more particularly described as follows:' .. ,c.
C€JMr·1ENCING at a point in the eC13terly Emi of said Lot
Seven (7) Where the same is inters":cted by Ü..2 prod' cti,on easterly
of the southerly limit 01' Lot D; THE'iCE westerly a. d ..a.1QJ1g .5ill..d
production and the southerly limit of saId 'Lot D, ß' ghty-six (~ò')
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l ltmicipalityof the Town of Kincardine - Page )-
feet more or less to the easterly limit of th right-of-way
described in Instrumént Number 9228; THENCE norther y and parallel with
the. easterly limit of said Lot Seven (7), Twenty-th ee (2)') f'eet;
THENCE westerly and parallel with the southerly li t of said Lot
Di to the westerly limit of said Lot D; THENCE nor h easterly
a ongsaid westerly limit to the north westerly ang e of said
Lot D¡ THENCE easterly along the northerly limit 0 said Lot D
and 'its production, a distance of One Hundred and T (llO')
feet to the north easterly angle of said Lot Seven 7). THENCE
southerly along said easterly limit Forty-six and F ~ tenths
(46.4') feet more or less to the point of conunencem t of the
parcel herein described.
~ No.7
, . J.n the Town of Kincardine in the Count
of Ontario and being composed of those parts of Lo
theWeat side of Princes Street in the said Town of'
particularly described as follows:
. COMl4ENCING. at a point in the ea~terly 1 mit of said Lot
d1a~t 'eight (8) feet measured southerlyt'.hereon f om the north east
'> Al'J;gletþereoj'.; THENCE Westerly and parallel with th no:rtherly limit of
,aat,d<I¡o~ a distance of ()1ehundred and twanty-two ( 22")' feet, SeVen
;(:1";~;)'~11hcbes 1io the poj,ntof commencement; TH~NCE W sterly parallel with
thê¡.tl~:rtherly ,Umi t a li1átance of· One .Hun dred . andE I.ht (lOa') feet,.
.'., .... '.. Pi., {:~"} 1n.f=Wes IIIOre ørless to the westerly limit of s~d Lot; THENCE
.S~"ly...l,!ng the Mesterly limit ninety-one (9l') feet more or less 'to
'-:"'tf\.#dUth". angle of said Lot; THENCE EasterlyOlj& the· said
...8~h~tlY ~lIIÌi.t to a ))9j,nt .,therein distant One hun ed aQdtwenty-two
;,..(.~I:.fee~,.'Seven (7")..1ncÞes measured westerly f m);'1)&8.outh west
.·..n~{i9x..... f .Ùd...· loti THEN. CK Northerly and parallel th, the. said easterly
u.~;'lf1net.y-one .l91') teet more or less to the poi t of commencement.
'" A1fD$UBJEC~ TO a right-of-way in over a ong and upon the
lUlds described as follows: .
BEGINNING at a point in the easterly li t of said Lot
E1gh~:(8) feet measuredsoutberly thereon from the oI1;h east angle
th~I;THEHèE Westerly and parallel with the noX't .limit of said Lot'
di.~ce of&re Hundred I!fid Twenty-two (l22') feetL Seven (7") i~ .
á~.... '.:t:. wh~~h point is th'epoint. of ,.commencement; 'I' mCB so. utÞe.rlY. c..
pa...1~ wt:th tÞe easter];y bo.undary of said Lot to point distant
· ~1~~ix06') ~,~t r.:eª8urednortherly and parall lwith the said
,ea..~r1.Y bQund,aryfrol!i the,<~9'utherly boundary of sa d Lot; THENCE
;_;.~We~¡¡ndparallel1f1th .the said Southerly bound ry Tan. (10'> feet;
·~....>\~._~-ff~. ' o.rth..· 8.rlY ~rlU1e.... l·yj.th the easterlY.. boundar of said lo~ to a
",;.1tt/';æ.. .' ..... stUlt. Eight ($') teet measured southerly an paallel Wl. th the
. . .~d\i..·.teÌ'l.... T bOundary from the Northerly boundary· f said Lot.! THENCE
. .Iíi.~ yand p,arallel .to the northerly limit a dist ceof Ten 10')
· £tfe't ~othè point ofcolllll1&ncement.
. l..tRC~ No.8. ',-.
" . . In thp. Town of' Kincardine in the Count
of<i1tjrioanct being co.nposed of those parts of Lot
· and ~~(6) on·the westsiòe of Princes Street in t
K1n~ne" more pàrticularly described as follows:
. Commencing at .the north ~est angle of said Lot Number Five (5):
THENcE Easterly along·the northerly limit, a distan e of Ninety (90')
f,e.e.tiTHENCE Sout.he.r: .¡f and. parallel with the Wester y limits of Lots
NwnÐers Five (5) an<i '/31\x (6) a distance of One Hund ed and Thirty-five
(1j$") feet.¡ THEN'CEeasterly and parallel with the outherly boundar)' of
sa~. ~t Six (6) a distance of Fourteen (14') feet¡ THENCE southerly and.
par$J.J.el wi.;tÀ1;he westerly limit of said Lot Six (0 to the so.utherly ,
lilll1t ;thereoj:' THENCEwe!5terlY along the southerly limit of said Lot '
Num~ !I'Ì' Six (6\; ".1;,0 the south west angle thereof; THE CE Northerly along. .
the'westerly 1.imits of Lots .s.:.x (6) and Five (5) to thepolnt of
· "olllll1enceme,t.
of Brucè, Province
Number four (4) on
ncardine more
of Bruce, Province
NUmbers Five (5)
e said Town of
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74
B 7 033
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Ontario
Ontario Municipal Board
.
IN THE MATTER OF Section 64 of
The Ontario Mun10i2jl Board Act:,
1R. 8. o. 1970, 0. 23),
-and-
IN THE MATTER OJ' an applioat:ion
by The CorpoJ.'aUon of ~e TØD
of Kincardine for approval of
the aoquirtnc¡, layinq out: and
improving of land for a muni-
cipal parking lot; beinc¡ ooapo..d
of part of Lot. 3 to 7 ino1usive
on the .ast side of Queen 8t:r.et;
and part: of Lot:s 4 to 7 inclusi
on t:he west: side of prince.s
8t:re.t: .s shown on Plan Number
61 and of the borrowinc¡ of th.
sum of $60,000.00 being the
es~t;ed cost: thereof
BBPORB.
A. B. AlUIBLL, Q. C.,
Vioe-Chairman
- and -
)
)
)
)
)
)
)
J'RIDAY, the 1 th day
of .TORB, 1974
--"_. ---
P. G. BLAD,
Mellber
.
THE BOARD ORDERS that: the corporat:ion may incur
an addit:ional expenditure of $40,000.00 fo oomp1et:ion
of the 1ID44tJ.'''Jd~~ß8d by the previo order of t:he
Board ...de on the 27th day of March, 1974, and ent:ered
in. order book No. B 73-6 at: folio 333 on e 5th day of
April, 1974, and for such purpose may all requisit:e
by-laws, bolu41n.g by-1awa providinq for e issue of
4ebent:ure. in a prinoipa1 amount: not: &xo ing
$40,000.00 I'epayèl. wit:h1n the t:eJ:III preso !bed in
the aaid previous order, and may borrow BIO ey to the
ext:ent suffioient: t:o provide an aIDOWlt not: uoeedinq
.
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'010,000.00 ~_, pJ:OY1de4 tha~ ~e GO
_y bOROIf .. "'1. 01' u!' pan of the
UO,OOO.OO .. ~ .-4in9 reo.ip~ of ....!di..
... the .ale of. 4ebaatuns, 01' the uce1p of __y.
f20m U!' 0'-1' 110111'08.
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O. D. H~.~:&~7.~~]....
Folio No.................?4
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JUN 2 A 1974
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1ICIIfAIY,_ CWl'AIII IlUIUCtfIAI. ICMItD
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E 73 33
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Ontario
Ontario Municipal Board
-and-
IJ( THE MATTER OF an ª,ppl1cat n_,.
b1 Tþe Corporation of 'the To
of lt1Dcarciine tor approval 0
the .~:r1n&t laying au't and
illpro of and tor a IlUDic pal
par!dDg o't being compo..d 0
part ot Lot.s ) to 7 inclusi va
on the e&Ã aide ot Queen St et
and part ot La's It to 7 inclu in
on the west side ot Princess
street as sho1f11 on Plan Numbe
61 and ot the borrowing ot th
swa ot $60,000.00 being the
eñÚlated coat thereof
.
BEFORE.
W. H. PALMER,
ChaÙ'lW1
-and-
Wednesday, the
March, 1971t
r7th .., ot
R. M. McGUIRE,
Vice-Chairman
-e
THE BOARD ORDERS ,hat the said application and
the .... 18 hereby granted, and that 10he co oration
may now proce" wbh the said underta~i 13g a a to'tal
coat not to exceed $60,000.00 and tor INch 0..
mar pass all requisite by-laws, 1Dclud1ng b -laws
prov1d1Dg tor the iSlRle ot deben1óures in a rincipal
aJROUDt not exceecUnc $60,000.00 reparable 0 er a
term of not. more than ten rear.., and mar DO
moner to the ana1> autt1C1ezrt to proTide ..ount
not exceed1n& $60,000.00 1óheretor, proTided that the
corporation may borrow the whole or any ot the
...,.~.:.c..;~:...
.
.
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ea1d .. ot .60.000.00 as required ~ re.1~
ot aabs1di.. .. ~. Ml. ot debeœve. 0 ,he
re..1~ ot 17r.,.. troœ an:r "'her sourøe.
JW
1. c. AlIDREWS
SICRETARY