The URL can be used to link to this page

Home My WebLink AboutBRU 92 002 borrowing by-law THE CORPORa'PIOH OF THE TOWHSHIP OF BRUCE BY-LAW HO. 92-2 . The Corporation of the Township of Bruce By-law No. 92-2 being a by-law to authorize borrowing from time to time to meet current expenditures during the fiscal year ending December 31, 1992. WHEREAS the Municipal Act, R.S.O. 1980, Chapter 302, Section 189, provides authority for a council by by-law to authorize the head of council and the treasurer to borrow from time to time, by way of promissory note, such sums as the council considers necessary to meet, until taxes are collected, the current expenditures of the Corporation for the year; and WHEREAS the total amount which may be borrowed from all sources at anyone time to meet the current expenditures of the Corporation, except with the approval of the Municipal Board, is limited by Section 189 of the Municipal Act. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWNSHIP OF BRUCE ENACTS AS FOLLOWS: 1. The head of council and the treasurer are hereby authorized to borrow from time to time by way of promissory note during the year 1991 (hereinafter referred to as the current year) such sums as may be necessary to meet, until the taxes are collected, the current expenditures of the Corporation and the other amounts that are set out in Subsection 189(1) of the Municipal Act. 2. The lender(s) from whom amounts may be borrowed under authority of this by-law shall be The Canadian Imperial Bank of Commerce and such other lender(s) as may be determined from time to time by resolution of council. 3. The total amount which may be borrowed at anyone time under this by-law, together with the total of any similar borrowings that have not been repaid, shall not exceed 70% of the uncollected balance of the estimated revenues of the Corporation as set forth in the estimates adopted for the current year or $1,000,000.00, whichever is less. -. THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 92-2 PAGE 2 . The treasurer shall, at the time when any amount is borrowed under this by-law, ensure that the lender is or has been furnished with a certified copy of this by-law, (a certified copy of the resolution mentioned in Section 2 determining the lender) if applicable, and a statement showing the nature and amount of the estimated revenues for the current year not yet collected and also showing the total of any other amounts borrowed from any and all sources under authority of Section 189 of the Municipal Act that have not been repaid. a) If the estimates for the current year have not been adopted at the time an amount is borrowed under this by-law, the 70% limitation on total borrowing, as set out in Section 3 of this by-law, shall be calculated for the time being upon the estimated revenues of the Corporation as set forth in the estimates adopted for the next preceding year, less all revenues received for and on account of the current year. b) If the estimates for the current year have not been adopted at the time an amount is borrowed under this by-law, the statement furnished under Section 4 shall show the nature and amount of the estimated revenues of the Corporation as set forth in the estimates adopted for the next preceding year and the nature and amount of the revenues received for and on account of the current year. Allor any sums borrowed under this by-law shall, with interest hereon, be a charge upon the whole of the revenues of the Corporation for the current year and for any preceding years as and when such revenues are received: provided that such charge does not defeat or affect and is subject to any prior charge then subsisting in favour of any other lender. -. The treasurer is hereby authorized and directed to apply in payment of all or any sums borrowed under this by-law, together with interest thereon, all or any of the monies hereafter collected or received, either on account of or realized in respect of the taxes levied for the current year and preceding years or from any other source, which may lawfully be applied for such purpose. THE CORPORATION OF THE TOWNSHIP OF BRUCE BY-LAW NO. 92-2 PAGE 3 . Promissory Notes made under Section 1 shall be sealed with the seal of the Corporation and signed by the head of councilor such other person as is authorized by by-law to sign it and by the treasurer. This by-law shall take effect upon third reading thereof. By-law introduced and read a First time this FOURTEENTH day of JANUARY, 1992. By-law read a Second time this FOURTEENTH day of JANUARY, 1992. By-law read a Third time and finally passed, signed, sealed, and numbered 92-2 this FOURTEENTH day of JANUARY, 1992. ~ CLERK REEVE SEAL -. ! ,..._>-c-~ ~. "'I "I¡,.. t FOUOI~ to.! 1(.. (DI'\." ~JE DATE APR 011993 081~ FOLIO' Ontario Ontario Municipal Board mission des affaires municipales de I'Ontario o IN THE MATTER OF Section 34 ( 19) of the Plannina Act, (R.S.O. 1990, C. P. 13) . AND I.N M . MATTER OF an appeal by Andr_ J(or~is, . Jim Alexander, Eileen Alexander and others against Zoning By-law 92-1 of the Township of Bruce B E FOR E : R920208 ~ECE\'JEO ~'¡IR ~ ~ \qq~ ~~ to~f¡Ol\ o\t.e 1 u."""'- W.R.F. WAT'l'Y Kember ) ) ) Wednesday, the 3rd day of !!larch, 1993 THIS MATTER having come on for public hearing and the Board having reserved its decision until this day; THE BOARD ORDERS that the appeals are allowed in part and By-law 92-1 is hereby amended as set out in Schedule A attached hereto and forming part of this order; DD THE BOARD ORDERS that in all other respects the appeals are dismissed. ,'.~~~, SECRETARY " _.__"""""'__.,oØ Schedule -A - R920208 to the order 01 the OntariO Municipal Board m"M Q'" th~.' dav 01 ~""" . 19. IlIE(:OI\fQßA1.J9N Of..~.r.I;I.ILj'Q\f!WU.£.J2l..-ªB..UQE l!ëJ.,.f,..H.. .NQ.....U.::.l ,-.---.--. aEING ,\ flY-LAW to (lmen.\ R>--law No. '16-13, as amended, being t.he.< CoÞ,prli'hens.vc Zoning B~r-l&w of the Corporatton ot t.hl!' Township of Bruce. iTHE CI.1UWr:II" of the COt'l'()1'e.t1on of t.he Township of Bruc:e pursuant t.o Section 34 of the Planning Aot, 1983, ENACTS as follows: 1. S"hedule 'A' to Zonll1f Ðy-law No. '16-13, /18 amended, is hElt''!!\by further f\ß~nded by chan,h'II thereon froll 'RM' 1.0 '10-)' I..hl! :i".O!1ing designat.ion of Lot 2, Rp.listered Plan 281, in the rownsh1p of S¡"uce., ..hioh is shown outlined in the henviest blElck broken line on 'the $t.Lached Sc:hedulo 'A'.· 2. lonlng By-law No. 78-13, as amended, i. hereby further ßmen<.l~d I>y adding the following subsect.lon "8.9 - SPEOIAL PROVISIONS" and tUl,'l.her by adding para¡t'lI.ph la)to lub!:l~ction 8.9 thereof: I a) NotwithstsucJinl'! thO!ti r ' IO' zoning desi.nati.on, t·h"se lands delincat...d 8111 '10-1' on gc:hedule 'A' 1.0 this 8,,'-18'" shall comply" ¡ th the fo\1ow1n!p . l1l the foj 10wiuIii uses ~hal1 On11 be permi tt...ri: - " ~enerel an' profeasicn~l offices light roanuf'e-ct.\ÌriI1S '4110le88 Ie uses ( H) a 1) olJtdoorstoraie shall be IQcated - n lhe t'c-a.r YU'cJ and shall be wholl)' con'taineri I~lthin a r.~ftI:ed enclo811l'e of at lel\1/I t 6 feet 1 n 11\;' i ~ ilt . l Hi) all dl1er epvl icmble 30n1n, provisions aha.1! Ð.}·t>h . 3. 'I'his By-law talce. effC'!ct from t.he date of passa,e by CQuncIl I1nd come II into t'ore.. purFluant. to the þl'ovisions nf I.he Planning Act, 1983. l:Iy-l8.w introduoe" and read & Pi rat time this FOURTEENTH day Qf JANUAkY I 1992. By-law read a Second ti~e this FOURT&ENTH day of JANUARY, 1992. BY'lEl'" read a Third timp. and finally paes.d, signed, eealed and 11....lIIb~r'"d 92-1 this FOURT1-~y.N·rH da)' of JANUARY, 1992/ ___ ».º-Í2...!.\'U..M.D_.___ CLERK _B.o.n...A.I'1rl..,\>' .8 REEVE 5£,\1.. . ~.~ ·.~Þ- w,· LO'J' Z UEGISTMRED PLAN 281 ''¡'OWNUHl P OF BRUCE ~ i ~ ì - 3 ~ ~ .~ ..1-. ~'"Sh~' OF øRvce COUNTY ROAD NO. Ii '-""-~WIISHIP or KIII<';;ÞIIIB 1'::.-.-..., . ~--.-......., SUBJEOT PROPERTY LANDS ~L'O FROM 'RH' BE REZONED TO ':1:0-1 · R920208 I Ii . i -- ij"- ~ ~ ,., ... I ."". SCIIßnULE .. A" T01:111 XIII SCHBDULlI: "A" TO I!IY-LA.W ..9.2:o.1-..PA..!U'KJJ THrill ___.lJ..1:1t._ n"!'y or .T...n,,"'ry. IUCatvØ ._..ß.on Andrib'.J. .,,,__ .....__.._. ..CJJ,;..JltnK -....,.Bah WD ~Am 1 ..........._ _..._._...__ 19.9.2....__......._.__.... . APPlICMI: uøU litWl APPllC1!1011 NO.:I.:'¡I:jHf 011(: milU.!U1 ...... ~...., 1(-"-"~~.~""'.. .~-:. ,:~;,:~,::::'(;'