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HomeMy WebLinkAboutKIN 91 037 Repealed by No.91 45 THE CORPORATION OF THE TOWN OF KINCARDINE . !.'.ID JôËÐ/REPEALED BY 8YU1WNO.~ DATED BY-LAW BY-LAW NO. 1991-37 A BY-LAW TO ADTIIORIZE THE PURCHASE OF A PARKS TRACTOR WITH PARTIAL FUNDING TO BE BORROWED FROM THE PARKLAND TRUST RESERVE FUND. WHEREAS the Kincardine deems Parks Department; Council for The corporation of the Town of it expedient to purchase a tractor for the NOW THEREFORE the Council for The corporation of the Town of Kincardine ENACTS as follows: 1. That the manager of public works is hereby authorized and directed to purchase from Bruce Tractor and Lawn Care Limited one John Deere F915 Front Mount and one John Deere 60" mower, at a cost of $11,247.50. 2. This purchase shall be financed by $3,425.98 from the parks operating budget and G.S.T. recovered, and the balance of $7,821.52 to be borrowed from the Parkland Trust Reserve Fund for one year, with interest payable upon repayment at a rate of 10% (ten per cent) per annum. Such repayment to be included in the Town's 1992 capital budget. 3. This by-law effect until is obtained. shall not come into full force and take the approval of the ontario Municipal Board 4. This by-law may be cited as the "Parks Tractor Purchase, By-law". READ a FIRST and SECOND time this 4th day of April, 1991. ¡J/U~ tl (Jh~ ayor READ a THIRD time and FINALLY PASSED this 18th day of April, 1991. . dÆ/J/d,J)~ Mayor