HomeMy WebLinkAbout18 038 Municipal Funding Agreement (Main Streets Revitalization Initiatives) By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY-LAW
NO. 2018 - 038
BEING A BY-LAW TO AUTHORIZE THE SIGNING OF AN AGREEMENT WITH
HER MAJESTY THE QUEEN IN RIGHT OF ONTARIO AS REPRESENTED BY
THE MINISTER OF AGRICULTURE, FOOD AND RURAL AFFAIRS
(Rural Economic Development Program Agreement)
WHEREAS Sections 8 (1) and 9 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, 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 Corporation of the Municipality of Kincardine wishes to
enter into an Agreement in order to participate in Ontario's Main Streets
Revitalization Initiative;
AND WHEREAS the Municipality acknowledges that Funds received through the
Agreement must be invested in an interest bearing reserve account until the
earliest of expenditure or March 31, 2020;
NOW THEREFORE the Council of The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. That The Corporation of the Municipality of Kincardine enter into a Municipal
Funding Agreement for the transfer of Main Streets Revitalization Initiatives
funds with the Association of Municipalities of Ontario as in Schedule 'A'
• attached hereto., and forming part of this by-law.
2. That the Mayor and Chief Administrative Officer be authorized and directed to
sign and execute, the Municipal Funding Agreement for the transfer of Main
Streets Revitalization Initiatives funds between the Association of
Municipalities of Ontario and The Corporation of the Municipality of
Kincardine, attached hereto as Schedule "A" and to affix the corporate seal.
3. This by-law shall come into full force and effect at the time of its passing.
4. This By-law may be cited as the "Municipal Funding Agreement (Main Streets
Revitalization Initiatives) By-law".
READ a FIRST and SECOND TIME this 11th day of April, 2018.
READ a THIRD TIME and FINALLY PASSED this this 11th day of April, 2018.
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Mayor Iepu lerk