HomeMy WebLinkAbout00 148 Transfer - Marina/Equip
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THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2000-148
A BYLAW TO TRANSFER THE MUNICIPAL SHARE OF THE
NET PROFIT OF THE KINCARDINE MARINA TO THE
W1 EQUIPMENT REPLACEMENT RESERVE FUND
WHEREAS Section 163 of the Municipal Act R.S.O. 1990, Chapter 45, provides
that a municipality may maintain a reserve fund for any purpose for which it has
authority to spend funds;
NOW THEREFORE the Council for The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. The Municipal share of the net operating surplus or deficit produced by the
Kincardine Marina budget be transferred to or taken from the W1
Equipment Replacement Reserve Fund until the $200,000.00 transferred
in 1999 to capital to fund a portion of the floating docks be repaid.
2. This by-law shall come into full force and effect upon its final passing.
3. This by-law may be cited as the "W1 Equipment Replacement Reserve
Fund Transfer By-Law".
READ a FIRST, SECOND, and THIRD time and DEEMED TO BE PASSED
this 23rd day of November, 2000.
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Clerk
Mayor