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Home My WebLink AboutTWP 79 014 agree Ont housing .. / .., . . CæpCRATION IF TI-£ T]¡\SHIP IF KINCARDINE BY - Lalli Nunber 79- N A BY-LAW TO AUTHæIZE TI-£ EXECUTION IF AN AGREE~NT WITH ONTARIO HIlJSING WI-£REAS by virtue of the provisions of The Ontario Houaing Corporation Act, Revised Statutes of Ontario, 1970, Capter 317, and The Houaing Development Act, Revised Statutea of Ontario, 1970, Chapter 213, the Corporation may enter into agreeme~a respecting the acquisition and development of land for houaing purpoaea and the acquiaition a~d/or construction of houaing accomodation for sale or for rent; AND WHEREAS the Municipality has requested, and the Corporation has agreed to provide, operate and mange housing acccmodation of four (4) family houaing units On lsnds situate within the Municipality being all of lots 58, 97, 103, and 127 Plan 819, Township of Kincardine. TI-£REFæE it is hereby enacted by the Council of the Corporation of the T]¡\SHIP OF KINCARDINE: 1. That the Reeve and Clerk are hereby authorized to execute an Agreement between Ontario Housing Corporation and the Corporation of the Township of Kincardine. Read a first, second snd third time , signed, sealed and passed this 3rd day of July 1979 CæpCRATION IF TI-£ TOWNSHIP IF KINCARDINE d..~) -/}- L_l q - Alvin Thanpson, Reeve_ ~bdß ~~Þ~..·~~, . Muriel P. Eskrick, Clerk ~~ - -- ~. f® I '= , ... I :í 'I ^ Ontario . Ministry (416) 965-4571 Legal Services Branch of 4th FIr., 101 Bloor St. W. Toronto, Ontario Housing M5S 1 P8 August 3, 1979 Muriel P. Eskrick Clerk-Treasurer R. II. 5, Kincardine NOG 2GO Dea r S¡k :/Madam ,. Re: Township of Kincardine OH-5 Enclosed is your executed copy of the Municipal Agreement between this Corporation and TWshp of Kincardine. with regard to the above project. Yours very truly, ~.~~ ~(Mrs.) E. Schweers Senior Legal Clerk encl. . -- _._~ ~( - - . . ~ project Ho. Township of Kincardine OH- 5 ,,_LY .S¡.!IP,ìIIh_œ'U.-.. 0II1'l1 'l'hb AfdV"lDt .... ia duplicate this A.D. 1979. 34 4a1ofH 81t".1.. , . OM'l'UlO HOUSING CORPORA'I'IOII lMnliil_~ called wtlle corporau.-) or 'I'D rIII8'1' .Ø'I' -and- 'I'D COUOM'rIOII or '1'IIB TOWNSHIP OF KINCARDINE 1heniUfter called wthe 1luD1C1palUyW) or 'I'D UCOU i'AII'I _lIAS by vb~_ of tbe provisions of 'l'be On~10 1IoU1Dg COqlOraUoa Act. ...1.. Btat"te. of On~10, 1170, Chapter 31', ... .... 1kMu11Dg DlWe1o.-ent kit, bYbeð Statutea of Oftt.U10, 1110, Chapter 213. tbe Corporat:Lon ..y enter into .gr"'nt. napeoUDIJ the aQIIU1a:Lt:Lon and ðew1C1(P1nt. of laDd for houa:LftfJ paqa..a u4 for tbe ..b:LU. Þ4/OI: ooutnct.:Lon of bcN8:Lng ace ~I.U_ 1ft ..le ft for r_t, AlII) ~.... the .....:Lc1..11~y baa AqlUtat.eð, and the Co&'pO&'aUoa .... ..reed to p&'OVw., opuate and ....&9. benaa1D9 acln hUoa of appna1llate1y 4 f_lly/ulDt.~~H n a: bou1D9 ui.ÙI _ 1..... ai-.ate W1t.hiD the llllaia1pal:LtYI , AlII) ....u tbe lluaic1pal1ty baa on tb8 . A.D. 1'-:>', ..... ly-lMr 110. 79-1'-/ _ter1" 1.~ of thi..AtI.T-..t. ð~J day OfH , .i:lloda1D9 i:b8 - . . -'i.~'-'l - Page 2 - \.. _ . AND NllEREAS '.< anee of the said to assist in the provision, operation .~ ..intan- housing accommodation. the Corporation b.. 8ft~ into negotiations with Central Mortgage and Housing Corporation for the purpose of obtaining a loan and annual contribut.ions ubde~ the provisiona of Part VI of The National Housing Act, ReVised Statutes of Canada, 1970, as ...ndedl AIID 1ßIEREAS to !unber assist in the _intenaDCe aød ope~at1on of the said housing acc()I'"M~ation, the Munici..lity baa &treed to contribute toward the operating coats thereof, . ROW THEIŒPOIŒ 'l'HIS AGRBEMBN'l' WI'l'NESSI'1'H 'l'HA'l' each of the parties hereto on bebalf of themselves and their respective aueeesaora and ..signs, in consideration of the pr..i... and of the IllUtual covenants hereinafter contained, covenant and ..,ne, .ach with the çther, as follows: 1. Por the purpoaes of this Agreement: (a) -Gross Revenue" ..ans the rental revenue eUDed by (b) the Corporation in the operation of tbe houaing accOftlnlOdation project in each calendar year, and recorded on either a cash or accrued basi.. "Operating B~nses· means the total of: (i) ~unta paid by the Corporation to Central Jmct9av. and Housing Corporation for principal and 1ntareet in repay.-nt of 18Oft1es loaneå to the Corporation for the proviaion of the above recited bousing aC~11 IIdaUon. (U) AIIIounts ~1d by the Corporation to the 'l'&'euunr of Ontario in rtlpAyNnt of IIOni.. advanced fO&' the provision of the aaid houainq acc ~lIat1on, 1nclQd1ft9 1~tereat on such advances at the-rate of 10 5/8 , ~ . &nftUIII. . . . "C~- ; , - paqe 3 - e U.iU AIIounts paid in any calendar year by the corporaUon . te tbe Municipality as qrants in lieu of tax.e in connection with tbehousin<) ace· odation, pur8UAnt. to tbe provision. of clau.e 3 follcwin<). (tv) Fire insurance premiums, if any, or amounts paid by the Corporation in any year, pro-rated on a Province-wide per unit basis, for losses due to fire, wind or vandalism. . (v) Liability inBUrance preaiuaa. (vi) AIIount. paid for labour and ..nicee illCllllliDIJ, but wi thout liJIIi tiD9 the q.neuli ty of the for..,oiDIJ, ....., ealariee, worlalen'. cœapeneat.ion and other friDIJe be.fit.e. (vii) Amount. paid for equi~nt, euppli.. and aater:Lale UK in repairing, ..intaining, llAnaging u4 ada:Ln1etratiDIJ the houeiDIJ a", ~lIation. (viii) AllDunta paid by the Corporation, witbout r.t LV"_ ..nt by tenant.e, for liqbt, fuel, power and w.ter. (ix) Uncollectable revenue that baa been wr:Ltten off bJ the Corporation. (x) Other direct and indirect operational cost. 1aCJ~ to in wdting frea ~t.e to time bebnJlen the corporaUoD u4 the Municipality. (c) W~rating Lo..- ..ans the net of operatiDIJ expen... 1..s . 9roe. revenue applicable to the project c~nc1DIJ f~ tbe date of init.ial occupancy of tbe project u4 l'eJarti114 on a calendar year basis. (d) -Operating ProfitW ..ane the net of grose r8¥8DQ8 1... operating expenae. applicable to the project c l11C1DIJ frea the date of initial occupancy of the project u4 reported on a calendar year ba.i.. . .2. 'I'I\e Corporation 89r..e to provide, operate and ..intain '''l1y/ 4ig!PYØ--houe:LDIJ aeCl~ Iodation on lande in the Municipality de.cr1bed iD Schedule -A- ·,,~ed hereto, ¥biela, ..... OGIIplet.eð, w111 cGlllpd.. approxillately 4 boIa.iDIJ UDit.e. ~be Municipality will be under no obliqatioD or liaÞilit¥ to ooftUibuteto the capUal coet of, the .aid bouaing aco th~1oD, . . .;...../ - Pa,e 4 e it·; . ~ ."c nor". .aVe .. hereinafter provided, to the cost of oper.~:Lng .. "1nuiniÞl ..... 'I'he parties hereto further ~r..th.t the lllanici.pal1ty .h.ll 'not be entitled to receive or etaue 1n any profita or other iocr.ents froll the project. operatiDIJ proUt.. shall. however, bedea1.t with in the -"-I' ..t forth in cl..... 4. 3. (a) '1'he Corpor.t.:Lon .hall lUke to the J(Qnici..11t.y u unual ..yMftt 1n 1:I.n of taxes on the project. of u Ir DQDi: equivaleat to full nomal tau. fO&' any yea&' d"dftIJ the curency of thb agr...nt. Pa~t aball be lIIIde at tile .... tiae or t.w.s .. full nonual taxes would be ..id, · provided th.t. no payMl\t 1n 1:I.n of taxe. w:Lll be ....1n . re.p4ìct of t.he period prior to the c~let.:Loa and 1Di.Ual occupaacy of each bu:Lldift9. Any refund u:L.ing thuefECa üall be in the fO&'ll of a reduction of payMat in 11n of taxe. .in the year .ubsequent to the calendar year :Ln wb:Lcb the over-pay¡aent wa. _lIde. (b) Subject. to the provbione of The Loc.l IIIprov.lnt. ~ .. to \be replao.lat. of .enices, the J(Qnici..Ut.y A9~ th.t no ~n1ci..l taxes, rate. or cbarges &ball be lev1. 0&' cbarg!ld ag.1net. t.b, lands of the CorporaUon in r..,.c~ of · the bousing .cc 'dation project. 80 long .s U :La OWIId br ~.Corporat.:Lon, and no pa~nt in 1:I.eu thereof aball be ..... ill ".peat. of tile period prior to the occupaacy of eub "Ud1M 0&' grqap of buildings 8S afor....Uoned. (c) The Mun1c1pal1~y agr..s tha~ no ..ie:Lpal taD., ~.tea 0&' cbar,e. (but. not. inclucUng busi.... ~...., po),l ÞD8, do9 t...... w.ter r.te. or bydro r.te.) .ball be lev1. ft emuged t.o the teftaftte 0&' occ:upante of t.he bOua:LDIJ .''1 cuS.Uon unite w:Lthin the project, 80 long .. nab UiÙ1 ue owned by the cœpor.t1on. · . 4. ;, ";'v" ../; . - . . .e . . - Pa9- S - ."..,.. -- (d) ~h.Municipality further a9ree. to provide or Gau.e to be provid4ld to .uch tenants or occupant. all fac1l1tie. .... ._nice. that are provided to other property 0ImeJ:8 or tenant. in the Municipalit.y iI1clud:LftIJ, but. witbClllat. liaitiag the general1ty of the forec¡oiDCJ, 9arba4)e collection, fire and police pl'Ot.ecItion, ADd educational fac:LliU... 4. The Munici..li ty .ba11 pay to the corporation on or before the 30th day of June in each year a 8. equal to ..". u4 one- half percent ('It,) of the operatiDCJ loa8, :Lf any, of the aaid bouaiDlill ac:CQrnJ QlSat10n p&'Oject for the pncelS:Lft9 ca1ndu ,..r, ~ t.h_ extent of .ucb 10ea IIO'C be:Ln9 fully prov:LU4 fO&' br My pnv1C111a. profh. re..rvecI a. ..t. Clllat belC111f. '1'be eœporat.ion aball calcu1aÞ the ..wnt. of the oparat.iDlill loa8, if any, and DOtify tbe am:Loipa11ty in wriUftfJ of t.he ...-at tbenof oa or ebcNt. the 30tb day of Apdl in the year in wh:Lch web payMnt. shall be 1Iade. SbcIald the COrporation a~late an operatift9 prof:Lt on the project. fO&' any period, it 8ball be nta1Md ift are..". accowat to be applied a9a:LriR future op8&'atiDg loa.... - 5. 'fhe amic1..l1ty lIball have the ~19ht, throQIb i,u.....u, aqente or audi~., at. any tiM, upon reaaonable notice to the Corporation, to e.-h.. the booll:8 ad reco&'Cl. of tbaCoQœai:ioa and, 18 the ewat. t.bai: at. uyt.t.a the Jlluaio1palU:y cI:Lepai:U i:M . -ftt. e1a:LM4 by the COrporation ade~ pU'Afra,.. 4 benof, ... .. . put:1ea hereto a"-~ reaolve .ucb d:Lapate, the Illlaic1pa11_ ... the COrpoI'.~ion ahall uf. web d:Lapate ~ a tb1d puty aca.,UII»le to eåOb of tMa. and the deciaion of walt tb1d puty ....11 __ final and b111111D9 _ both pu~1e. bento. . '.'&'hi- Afr_ft~ abaU r_ai. 1. fftoe for .. loD9 .. tbe 'Co&'poZ'at1oft .hall oo.U.... ~ opøate the boue1D9 &co ,tai:ioA .. a,pllbUo.b0U8inv pcojeat .. def1aed in PaR vI ~..i:be "~1 , -:!.....~ -'~J . . . . . ''''> - page 6 - ....1tI4 Act. Rev1... Staåa"' of C"'. 1..,0, and db]__ theHto, ....11 ...re to the __fit of ad be b:I.Dd:I.Dg ~pon tha part1.. hereto, their eucceaacr. and ..signa. 'roviðed, -.0.&"., that _1thar ~rty to the .arnt ahal1 ...ign the &tn.Jni: wii:bollli: 1:be nitteD coaaat of the otb8r party Unt: bad ad ~hJ"'. I. WIftBSl 111...,. the paRi.. hereto have ........ affia.. their øorpœ." ...1, "m1u the b-""'. of the1r pcolllr 81p1.. ofUoara duly _t:bodaed 1n thai: ......1f. hi' - aftAaIo - :... II -_-. - ::: 'er ...... '1'IIB COUORA'1'IOII or '1'BI hI' hI' ....... .~ . . ..,. v ~ -....... -. ~ ~ '- ~.'--'_.'- ~ . . . . ~~ . J SCHEDULE "A" TO AGREEMENT dated day of BET WEE N: ONTARIO HOUSING CORPORATION - and - THE CORPORATION OF THE TarJNSHlP OF KINCARDINE LAND DESCRIPTION ALL of lots 58, 97, 103 and 127, Plan 819, Township of Kincardine. -;-'." . , A.D. 19 . ,