HomeMy WebLinkAbout08 028 Building Permit Fees Reserve Fund
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THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY-LAW
NO. 2008 - 028
BEING A BY-LAW TO ESTABLISH A RESERVE FUND
(Building Permit Fees)
AND WHEREAS pursuant to the Municipal Act, 2001, 5.0. 2001, c. 25, Section 8
(1) and 9 provide that the powers of a municipality under this or any other Act
shall be interpreted broadly so as to confer broad authority on the municipality to
enable the municipality to govern its affairs as it considers appropriate and to
enhance the municipality's ability to respond to municipal issues and has the
capacity, rights, powers and privileges of a natural person for the purpose of
exercising its authority under this or any other Act;
AND WHEREAS the said Municipal Act, Section 417 provides that a municipality
may in each year provide in its budget for the establishment or maintenance, a
reserve fund for any purpose for which it has authority to spend money;
AND WHEREAS the Building Code Act, 1992, 5.0. 1992, c.23, Section 7(2)
states that the total amount of fees collected must not exceed the anticipated
reasonable costs of the principle authority to administer and enforce this Act in its
area of jurisdiction;
AND WHEREAS the Council of The Corporation of the Municipality of Kincardine
wishes to establish a new reserve fund in order to accommodate the holding of
Building Permit Fees;
NOW THEREFORE the Council of The Corporation of the Municipality of
Kincardine ENACTS as follows;
1. That the "Building Permit Fees Reserve Fund" be established. This reserve
fund shall have $500,000.00 deposited into it from Building Department
permit fees received in excess of costs of providing services.
2. This by-law shall come into full force and effect upon its final passage.
3. This by-law may be cited as the "Building Permit Fees Reserve Fund
By-law".
RE
a FIR~ S~ND time this 5th day of March, 2008
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READ a THIRge and,FINALLY PASSED this 5th day of March, 2008.
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