HomeMy WebLinkAboutKIN 94 033 Davidson Pking Lt
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THE CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW
BY-LAW NO. 1994-33
BEING A BY-LAW TO ESTABLISH A DAVIDSON
CENTRE PARKING LOT RESERVE FUND
WHEREAS Section 163(1) of the Municipal Act, R.S.O. 1990,
Chapter m.45 , provides that a municipality may establish
and maintain a reserve fund for any purpose which it has
authority to spend funds;
AND WHEREAS the council for The corporation of the Town of
Kincardine deems it expedient to establish a reserve fund
for the purpose of the eventual construction of a parking
lot at the Davidson Centre;
NOW THEREFORE the Council for The Corporation of the Town
of Kincardine ENACTS as follows:
1. That a reserve fund be hereby established and called
the "Davidson Centre Parking Lot Reserve Fund".
2. That money in the Davidson Centre Parking Lot Reserve
Fund is hereby designated for the purpose of
constructing a parking lot at the Davidson Centre for
Kincardine & District.
3.
That money may be raised by the Council for
Corporation of the Town of Kincardine within
annual operating and/or capital budgets to add
to the said reserve fund.
The
its
funds
4. This By-law shall come into force and effect on the
date of its final passage.
5. This By-law may be cited as the "Davidson Centre
Parking Lot Reserve Fund By-law."
READ a FIRST, SECOND AND THIRD TIME this 2nd day of May,
1994.
~~ ~JZ~
Mayor Clerk