HomeMy WebLinkAboutTIV 74 12 Borrowing By-law
.
.
b.
,.
Oþ~~~, IJ
þ,(1
THE CORPORATION OF THE VILLAG OF TIVERTON
BY-LAW NO. 74-12
A By-law authorizing the borrow in
the reconstruction of King st. No
receipt of a grant from Ontario H
subsidy from the Ministry of Tran
Communications
of money for
th pending
dro and a
portation and
WHEREAS the Council of the Village of Tivert n deems it necessary
King st. North.
to borrow moneys to cover the current costs of th reconstruction of
AND WHEREAS the Corporation of the Village 0 Tiverton will be
reimbursed for 95% of the total cost of the recnn truction of King St.
North by a graht from Ontario Hydro of 45% of the total cost of the
reconstruction and a subsidy from the Ministry of Transportation and
Communications of 50% of the tatal cost of the re onstruction
North be hereby authorized
THEREFORE THE COUNCIL OF THE VILLAGE OF TIVE TON HEREBY ENACTS
AS FOLLOWS:
1. That the borrowing of money for the recons ruction of King st.
2. That the moneys authorized above not excee $100,000.00 (one
hundred thousand dollars)
3. That the said moneys borrowed be repaid by the grant from
Ontario Hydro and the subsidy from the Min stry of Transportation
and Communications when they are received.
13th
19 4.
PASSED THIS
DAY OF
August
ô~ f?~
..............-...~--
REEVE
- - - .......-
----'\::-..-
:~
:~
,
-.0
~-
.-'
'f¡.,nJ -/r ä t' n/,¡
(/ CLERK
,-
, -..:
-
.-'
/
'/
- .
'.:
:-
.
./