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HomeMy WebLinkAboutKIN 91 045 Tender -Pks Tractor THE CORPORATION OF THE TOWN OF KINCARDINE ~Of IU~.....o , ~ . BY-LAW BY-LAW NO. 1991-45 A BY-LAW TO AUTHORIZE THE PURCHASE OF A PARKS TRACTOR WITH PARTIAL FUNDING TO BE BORROWED FROM CURRENT REVENUES. WHEREAS the Council for The Corporation of the Town of Kincardine deems it expedient to purchase a tractor for the Parks Department; 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 $12,247.50. 2. This purchase shall be financed by $3,425.98 from the parks operating budget and G.S.T. recovered, and the balance of $8,821.52 to be borrowed from current revenues 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 shall not come into full force and take effect until the approval of the Ontario Municipal Board is obtained. 4. By-law No. 1991-37 be and the same is hereby repealed. 5. This by-law may be cited as the ·parks Tractor Purchase By-lawn. READ a FIRST and SECOND time this 6th day of June, 1991. ;LJJ\ ~¿;;ÞIl~ May r ~ Deputy-Clerk READ a THIRD time and FINALLY PASSED this 6th day of June, 1991. . . dwL/Þ ¡J/¥Æh1 Mayor ~ . " - --=..- < E 910491 Ontario Ontario Municipal Board Commission des affaires municipales de I'Ontario IN THE BATTER OF Section 64 of the Ontario Municipal Board Act, (R.S.O. 1980, c. 347 as amended) - and - IN THE MATTER OF The Corporation Kincardine for an an application by of the Town of order approving: (a) the purchase of a tractor and mower for the Parks Department at an estimated cost of $12,247.50 and the borrowing of money by way of temporary advances not exceeding in the aggregate such estimated cost, and (b) the ral.Sl.ng, revenue, to $8,821.52, in out of current a maximum of the year 1992 B E FOR E : T.F. BAINES Vice-Chairman Thursday, the 6th day ) ) ) of June, 1991 THE BOARD ORDERS that this application be granted and that the applicant may proceed with the undertaking and may borrow money by way of temporary advances a sum not exceeding $12,247.50 and shall raise out of current revenue the sum of $8,821.52 with interest in the year 1992 sufficient to repay such temporary advances, provided that the Council of the applicant corporation in exercising any power approved by this order shall comply and conform with all statutory and other legal requirements related thereto, CD~~' SECRETARY 1. ~-" ..c . F \. ENï;':,.' 0.8. No. ..!;::~.I::-.~.... Folio No. ...J!9..'.1......... j JUL 0 5 í991 \ í j . í ActinG secreta!)', Or.taio MW¡")~¢'\: ~~·1..t