HomeMy WebLinkAbout03 130 amend omeifa 03-103
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THE CORPORATION OF THE MUNICIPALITY OF KINC INE
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BEING A BY-LAW TO AMEND BY-LAW NO. 2003 -103, THE KlrCARDINE TO
INVERHURON WATER SUPPLY CONSTRUCTION AND BORRO ING BY-LAW
(Shoreline Area Distribution System) .
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WHEREAS the Municipal Act, 2001, S.O. 2001, c. 25, as amendr provides that a
municipal power shall be exercised by by-law unless the municip lity is specifically
authorized to do otherwise;
AND WHEREAS with the passage of By-law No. 2003 - 103, the ~orporation of the
Municipality of Kincardine authorized the construction of the Kincar ine to Inverhuron
Water Supply Project in the amount of $3,365,000 subject to appro al by the Ontario
Municipal Economic Infrastructure Financing Authority (OMEIFA) for t e project;
AND WHEREAS the Kincardine to Inverhuron Water Supply Project i now sited as the
Shoreline Area Distribution System;
BY-LAW
NO, 2003 -130
AND WHEREAS the cost of the construction of the Shoreline Area istribution System
has risen from $3,365,000.00 to $4,664,000.00 exclusive of anticipate OSTAR grants;
NOW THEREFORE the Council of the Corporation of the Municip~lity of Kincardine
ENACTS as follows: I
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1. That Clause 3 (a) of By-law No. 2003 - 103 be hereby amend d as follows:
i) Construction of the Shoreline Area Distribution System in the amount of
$4,664,000.00 is hereby approved and authorized;
2.
That Clause 3{b) of By-law No. 2003 -103 be hereby amend d as follows:
i) The Mayor and the Treasurer are hereby authorized to conclude OMEIFA
contracts on behalf of the Municipality for the construe 'on of the project in
accordance with the Municipality's usual protocol;
3. That the Treasurer be authorized to initiate a revised applicati n to OMEIFA to
reflect the revised Shoreline Area Distribution System costs.
4. That this by-law shall come into full force and effect upon its fi al passing.
5. This by-law may be cited as the ·Shoreline Area Distribution ystem (By-law No.
2003 -103) Construction and Borrowing Amendment By-La .
READ a FIRST, SECOND and THIRD time and DEEMED TO BE P SSED this. 3rd day
of September 2003.