HomeMy WebLinkAbout21 068 Huron Terrace Forcemain Borrowing By-law
THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2021 - 068
BEING A BY-LAW TO AUTHORIZETHE SUBMISSION OF AN APPLICATION TO
65:)816 15.8)9:8;+:;8- )5, 3)5,9 +68768):165 W613+X FOR THE
FINANCING OF CERTAIN ONGOING CAPITAL WORK(S) OF THE CORPORATION
OF THE MUNICIPALITY OF KINCARDINE :0- W4;51+17)31:>X ;TO AUTHORIZE
TEMPORARY BORROWING FROM OILC TO MEET EXPENDITURES IN
CONNECTION WITH SUCH CAPITAL WORK(S); AND TO AUTHORIZE LONG-TERM
BORROWING FOR SUCH CAPITAL WORK(S) THROUGH THE ISSUE OF
DEBENTURES TO OILC
WHEREAS the Municipal Act, 2001(Ontario), FX FRJSIJI" YMJ a Act b! UWT\[NIJX YMFY F
municipal power shall be exercised by by-law unless the municipality is specifically
authorized to do otherwise;
AND WHEREAS the Council of the Municipality has passed the by-law(s) enumerated in
column (1) of SchedZQJ a2b FYYFHMJI MJWJYo and forming part of this By-QF\\ a Schedule
W)X! FZYMTWN_NSL YMJ HFUNYFQ \\TWP X! IJXHWNGJI NS HTQZRS (! TK AHMJIZQJ a2b a Capital
Work(s)b! NS YMJ FRTZSY TK YMJ WJXUJHYN\[J JXYNRFYJI J\]UJSINYZWJ XJY TZY NS HTQZRS )! TK
AHMJIZQJ a2b , subject in each case to approval by OILC of the financing for such Capital
Work(s) requested by the Municipality in the Application as hereinafter defined;
AND WHEREAS before the Council of the Municipality approved the Capital Work(s) in
accordance with section 4 of Ontario @JLZQFYNTS *&)%&( YMJ a Regulation b!" YMJ 4TZSHNQ
of the Municipality had its Treasurer calculate an updated limit in respect of its then most
recent annual debt and financial obligation limit received from the Ministry of Municipal
Affairs and Housing (as XT ZUIFYJI" YMJ a;NC@QDC 3HKHQX), and, on the basis of the
authorized estimated expenditure for the Capital Work or each Capital Work, as the case
may be, as set out in column )! TK AHMJIZQJ a2b YMJ a Authorized Expenditure b KTW FS^
such Capital Work), the Treasurer calculated the estimated annual amount payable in
respect of the Capital Work or each Capital Work, as the case may be, and determined
that the estimated annual amount payable in respect of the Capital Work or each Capital
Work, as the case may be, did not cause the Municipality to exceed the Updated Limit,
and accordingly the approval of the Local Planning Appeal Tribunal pursuant to the
Regulation, was not required before any such Capital Work was authorized by the Council
of the Municipality;
AND WHEREAS subsection 405 (1) of the Act provides, amongst other things, that a
municipality may authorize temporary borrowing to meet expenditures made in
connection with a work to be financed in whole or in part by the issue of debentures if,
the municipality is an upper-tier municipality, a lower-tier municipality in a county or a
single-tier municipality and it has approved the issue of debentures for the work;
AND WHEREAS subsection 401(1) of the Act provides that a municipality may incur a
debt for municipal purposes, whether by borrowing money or in any other way, and may
issue debentures and prescribed financial instruments and enter prescribed financial
agreements for or in relation to the debt;
Page 2 of 4
Huron Terrace Forcemain Borrowing By-law
By-law No. 2021 - 068
AND WHEREAS the Act also provides that a municipality shall authorize long-term
borrowing by the issue of debentures or through another municipality under section 403
or 404 of the Act;
AND WHEREAS OILC has invited Ontario municipalities desirous of obtaining temporary
and long-term debt financing in order to meet capital expenditures incurred on or after the
year that is five years prior to the year of an application in connection with eligible capital
works to make application to OILC for such financing by completing and submitting an
application in the form provided by OILC;
AND WHEREAS the Municipality has completed and submittedor is in the process of
submitting an application to OILC, as the case may be YMJ a Application b! YT WJVZJXY
financing for the Capital Work(s) by way of long-termborrowing through the issue of
debentures to OILC and by way oftemporary borrowing from OILC pending the issue of
such debentures;
AND WHEREAS OILC has accepted and has approved or will notify the Municipality only
if it accepts and approvesthe Application, as the case may be;
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY
OF KINCARDINE ENACTS AS FOLLOWS:
1. The Council of the Municipality hereby confirms, ratifies and approves the
execution by the Treasurer of the Application and the submission by such
authorized official of the Application, duly executed by such authorized official, to
OILC for the financing of the Capital Work(s) in the maximum aggregate principal
amount of $8,629,030 XZGXYFSYNFQQ^ NS YMJ KTWR TK AHMJIZQJ a3b MJWeto and forming
part of this By-law, with such changes thereon as such authorized official may
hereafter, approve such execution and delivery to be conclusive evidence of such
approval.
2. The Mayor and the Treasurer are hereby authorized to negotiate and enter into,
execute and deliver for and on behalf of the Municipality a financing agreement (a
a Financing Agreement b! \\NYM >9;4 YMFY UWT\[NIJX KTW YJRUorary and long-term
borrowing from OILC under the authority of this By-lawin respect of the Capital
Work(s) on such terms and conditions as such authorized officials may approve,
such execution and delivery to be conclusive evidence of such approval.
3. The Mayor and/or the Treasurer are hereby authorized, pending the substantial
completion of the Capital Work or of each Capital Work, as the case may be, or as
otherwise agreed with OILC, to make temporary borrowings pursuant to section
405 of the Act in respect of the Capital Work or of each Capital Work, as the case
may be, on the terms and conditions provided in the Financing Agreement which
Financing Agreement provides that the information contained in the Record, as
defined in the Financing Agreement, in respect of such temporary borrowings shall
be deemed final, conclusive and binding on the Municipality, and on such other
Page 3of 4
Huron Terrace Forcemain Borrowing By-law
By-law No. 2021 - 068
terms and conditions as such authorized officials may agree; and the Treasurer is
authorized to sign such certifications as OILC may require in connection with such
borrowings in respect of the Capital Work(s); provided that the amount of
borrowings allocated to the Capital Work or of each Capital Work, as the case may
be, does not exceed the Authorized Expenditure for such Capital Work and does
STY J\]HJJI YMJ WJQFYJI QTFS FRTZSY XJY TZY NS HTQZRS *! TK AHMJIZQJ a2b NS WJXUJHY
of such Capital Work.
4. Subject to the terms and conditions of the Financing Agreement and such other
terms and conditions as OILC may otherwise require, theMayorand the Treasurer
are hereby authorized to long-term borrow for the Capital Work(s) and to issue
debentures to OILC on the terms and conditions provided in the Financing
Agreement and on such other terms and conditions as such authorized officials
may FLWJJ YMJ a Debentures b!1 UWT\[NIJI YMFY YMJ UWNSHNUFQ FRTZSY TK YMJ
Debentures issued in respect of the Capital Work or of each Capital Work, as the
case may be, does not exceed the Authorized Expenditure for such Capital Work
and does not exceed the related loan amount set out in column (4) of Schedule
a2b NS WJXUJHY TK XZHM 4FUNYFQ DTWP$
5. In accordance with the provisions of section 25 of the Ontario Infrastructure and
Lands Corporation Act, 2011, as amended from time to time hereafter, the
Municipality is hereby authorized to agree in writing with OILC that the Minister of
Finance is entitled, without notice to the Municipality, to deduct from money
appropriated by the Legislative Assembly of Ontario for payment to the
Municipality, amounts not exceeding the amounts that the Municipality fails to pay
to OILC on account of any unpaid indebtedness of the Municipality to OILC under
any outstanding temporary borrowing and/or the Debentures, as the case may be
YMJ a Obligations b! and to pay such amounts to OILC from the Consolidated
Revenue Fund.
6. For the purposes of meeting the Obligations, the Municipality shall provide for
raising in each year as part of the general levy, the amounts of principal and
interest payable in each year under any outstanding temporary borrowing and/or
any Debenture outstanding pursuant to the Financing Agreement, to the extent
that the amounts have not been provided for by any other available source
including other taxes or fees or charges imposed on persons or property by a by-
law of any municipality.
7. (a) The Mayor and the Treasurer are hereby authorized to enter into, execute
and deliver the Financing Agreement, and to issue the Debentures, one or
more of the Clerk and the Treasurer are hereby authorized to generally do
all things and to execute all other documents and papers in the name of the
Municipality in order to perform the Obligations of the Municipality under the
Financing Agreement, to request and receive any temporary borrowing and
to issue the Debentures, and the Treasurer is authorized to affix the
<ZSNHNUFQNY^`X RZSNHNUFQ XJFQ YT FS^ XZHM ITHZRJSYX FSI UFUJWX$
Page 4 of 4
Huron Terrace Forcemain Borrowing By-law
By-law No. 2021 - 068
(b) The money realized in respect of any temporary borrowing for the Capital
Work(s) and the Debentures, including any premium, and any earnings
derived from the investment of that money, after providing for the expenses
related to any such temporary borrowing and to the issue of the Debentures,
if any, shall be apportioned and applied to the respective Capital Work and
to no other purpose except as permitted by the Act.
8. This By-law takes effect on the day of passing.
9. That this By-QF\\ RF^ GJ HNYJI FX YMJ a8ZWTS BJWWFHJ 7TWHJRFin Borrowing By-
QF\\b$
th
READ a FIRST and SECOND TIME this 12 day of April, 2021.
th
READ a THIRD TIME and FINALLY PASSED this 12 day of April, 2021.
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Deputy Mayor Clerk
9BGDCRJD W)X
to By-Law No. 2021 - 068
(Ongoing Capital Work(s))
(1) (2) (3) (4)
Estimated
By-Law NumberDescription of Capital Work Loan Amount
Expenditure
Huron Terrace Forcemain
2020-015$8,914,030 $8,629,030
Replacement
9BGDCRJD W*X
to By-Law Number No. 2021 - 068
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4/26/2021 Infrastructure Ontario-Signature Page
ONTARIO INFRASTRUCTURE
a ri o AND LANDS CORPORATION (OILC)
LOAN APPLICATION SIGNATURE PAGE
Infrastructure Ontario
Application Printed Date: 04/26/2021
ID: 593 Application 04/26/2021
Submit Date:
I/We acknowledge that a Loan Application has been submitted to Ontario Infrastructure and Lands Corporation (OILC)
containing the following information.
Eligible Category Loan
Amount
Sewage Treatment Infrastructure $8,629,030.00
----------------
Total $8,629,030.00
Name of
Name of Kincardine, The Corporation of The Treasurer's Roxana Baumann
Borrower: Municipality of (or
equivalent):
Telephone 519-396-3468 x.7107
Address: 1475 Concession 5 N2Z2X6 ON Number: 41020
ID:
The undersigned certifies that he/she has read the OILC loan program guidelines and all information provided to OILC is
accurate and complete. The undersigned acknowledges that some information provided may be shared with the line
ministries to provide technical expertise to OILC. Applicant agrees to provide OILC with additional information as
required in order to process the loan.
Digitally signed by Roxana Baumann
Treasurer's Roxana Baumann eemal�-ReumanBaumann,o,ou,
n@k!nc
b @kincardine.net—CA
(or Date:2021.41612:19:05-04'00' April 26, 2021
equivalent) Date:
Signature:
https://webloans.infrastructureontario.ca/LoanApplication/Signature/593 1/1
Document #A1.i. (TB-General)
TREASURER'S CERTIFICATE RE LITIGATION
Single-tier/County/Region's purposes
Loan Application No.593
Program Year:2021
CERTIFICATE OF TREASURER REGARDING LITIGATION
(TEMPORARY BORROWING)
IN THE MATTER OF an application of THE CORPORATION OF THE
MUNICIPALITY OF (the "Municipality") No. 593 (the "Application") to
Ontario Infrastructure and Lands Corporation ("OILC") for temporary and
long term project financing in the maximum aggregate principal amount
of $8,629,030 in respect of the capital work(s) more particularly
described in the Application (individually a "Capital Work" and
collectively the "Capital Works")
TO: OI LC
This Certificate is delivered as an attachment to the Application under paragraph
H of the Application.
I, Roxana Baumann, the Treasurer of the Municipality, certify for and on behalf of
the Municipality as follows:
1. Except as summarized in Exhibit "A" hereto, there is no litigation or judicial or
administrative proceeding of any kind now existing, pending or threatened that in
any way seeks to restrain, enjoin, delay or otherwise adversely affect the
commencement or completion of [any of] [the] Capital Works[s] or that would
adversely affect or substantially impair the Municipality's ability to meet its debt
obligations as they generally come due or that in any manner questions the
proceedings and authority under which the Capital Work[s] or the borrowings
applied for in the Application have been or will be authorized, or the capacity of the
officers of the Municipality authorized in that behalf thereunder.
2. The Municipality is not now subject to any restructuring order under Part V of the
Municipal Act, 2001; accordingly, no approval of the Capital Work[s], the
Application or the borrowings applied for in the Application is required to be given
by any transition board or commission appointed in respect of the restructuring of
the Municipality.
Digitally signed by Roxana Baumann
DATED April 26, 2021. Roxana Baumann eemall-rbaumannn@kncardi—Roxana Baumann,one.net,c--CA
Date:2021.04.26 12:24:32-04'00'
Roxana Baumann, Treasurer
The Corporation of the Municipality of
Kincardine
[Affix Municipality's Corporate Seal]
EXHIBIT "A"
PENDING LITIGATION
None
Single Tier Treasurer's Certificate for Drawdowns
Financing Agreement No. 1611
Program Year:2021/2022
CERTIFICATE OF TREASURER REGARDING TEMPORARY FINANCING
IN THE MATTER OF an issue of debentures (the "Debentures") of The
Corporation of The Municipality of Kincardine (the "Municipality") in the
aggregate principal amount of $8,629,030.00 (Eight Million Six Hundred
Twenty Nine Thousand Thirty Dollars) as authorized by the Municipality by
the relevant authorizing by-law(s) of the Municipality (the "Authorizing By-
law(s)"), which Debentures are to be issued to the Ontario Infrastructure
and Lands Corporation ("OILC") to finance the work(s) described in column
(2) of Schedule "A" and Schedule "B" (if applicable) to the Authorizing By-
Law (individually a "Capital Work" and collectively the "Capital Works")
AND IN THE MATTER OF temporary financing to be obtained from OILC
to meet expenditures made in connection with the Capital Work(s), as
authorized by the Authorizing By-law, pending the issue of the
Debentures
TO: OILC
This Certificate is issued pursuant to the financing agreement between OILC and
the Municipality effective the 10th day of May, 2021 (the "Financing Agreement').
Capitalized terms used herein and defined in the Financing Agreement have the
meanings ascribed to them in the Financing Agreement.
I, Roxana Baumann, the treasurer of the Municipality, hereby request that OILC
make an Advance to the Municipality on the 15th day of October 2021 (the "Advance
Date") in the principal amount of $2,400,000.00, said principal amount as calculated
using Schedule "A"to this Treasurer's Certificate, as authorized by the Authorizing By-law
and as contemplated by the Financing Agreement (the "Requested Advance"), such
Requested Advance to be evidenced by an entry in the Record as provided in the
Financing Agreement.
I agree on behalf of the Municipality that the Requested Advance shall bear
interest at the rate per annum equal to the Advance Interest Rate determined in
accordance with the Financing Agreement as at the date hereof and that the Requested
Advance shall be repayable out of the proceeds of the Debentures and otherwise at the
time or times and in the manner set out in the Financing Agreement.
I hereby certify for and on behalf of the Municipality as follows;
1. The Authorizing By-law(s)has/have been passed by the Council of the Municipality
in full compliance with the Municipal Act, 2001 (Ontario), as amended, (the "Act")
and the regulations made thereunder.
2. Forthwith after the passage of the Authorizing By-law(s), the same was/were
signed by the Head of the Council and the Clerk and sealed with the municipal
seal of the Municipality.
3. No application has been made or action brought to quash, set aside or declare
invalid the Authorizing By-law(s) nor has/have the same been in any way repealed,
altered or amended and the Authorizing By-laws) is/are now in full force and
effect.
4. All of the recitals contained in the Authorizing By-law(s) are true in substance and
fact.
5. Since the date of the last Advance, if any, the Municipality has expended funds on
Capital Work(s), as noted on the attached Schedule A, (excluding financing costs)
(each, a "Capital Work Expenditure") and all amounts entered on such Schedule
"A" are true and correct.
6. The principal amount of the Requested Advance has been calculated using
Schedule "A" to this Treasurer's Certificate and all amounts used in such
calculation are true and correct.
7. The amount of the Requested Advance, when added to the aggregate amount of
Advances now outstanding in respect of a Capital Work does not exceed the
expenditures for that Capital Work as approved by the Authorizing By-law.
8. The amount of the Requested Advance when added to the aggregate amount of
all Advances then outstanding in respect of a Capital Work, does not exceed the
Committed Amount for that Capital Work.
9. The proceeds of the Requested Advance will be applied to one or more of the
Capital Work(s) and will not be applied to any other purposes.
10. To the extent that the public notice provisions of the Act are applicable in respect
of the Capital Work(s), the Municipality has fully complied with such public notice
provisions.
11. The Authorizing By-law(s) and the transactions contemplated thereby do not
conflict with, or result in a breach or violation of any statutory provisions which
apply to the Municipality or any agreement to which the Municipality is a party or
under which the Municipality or any of its property is or may be bound, or, to the
best of my knowledge, violate any order, award, judgment, determination, writ,
injunction or decree applicable to the Municipality of any regulatory, administrative
or other government or public body or authority, arbitrator or court.
12. The representations and warranties of the Municipality set out in paragraph 2 of
the Financing Agreement are true and correct as at the date hereof.
13. Any issues that were raised in any audit conducted under paragraph 16 (a) of the
Financing Agreement have been resolved to the satisfaction of OILC in its sole
discretion and/or OILC has not required an audit under paragraph 16 (a) of the
Financing Agreement or no such audit is ongoing.
14. The Municipality is not in material default of any of its obligations under the
Financing Agreement as at the date hereof and none of the events described in
paragraph 12(c) of the Financing Agreement has occurred and is continuing.
15. The Municipality has not reached or exceeded its updated debt and financial
obligation limit as at the date hereof.
16. No litigation or proceedings of any nature are now pending or threatened, attacking
or in any way attempting to restrain or enjoin the temporary borrowing of the
Municipality by way of the Requested Advance, or in any manner questioning the
proceedings and authority under which such borrowing will be made, or the
capacity of the officers of the Municipality authorized thereunder to make such
borrowing, and no authority or proceedings for such borrowing or any part of it has
been repealed, revoked or rescinded in whole or in part.
17. The Municipality is not now subject to any restructuring order under Part V of the
Act or other statutory authority; accordingly, no approval of the Authorizing By-law,
the Financing Agreement, or the transactions contemplated thereby, or any
Advance is required to be given by any transition board or commission appointed
in respect of the restructuring of the Municipality.
DATED October 15, 2021
Roxana Baumann, Treasurer
The Corporation of The Municipality of
Kincardine
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Single Tier Treasurer's Certificate for Drawdowns
Financing Agreement No. 1611
Program Year:2021/2022
CERTIFICATE OF TREASURER REGARDING TEMPORARY FINANCING
IN THE MATTER OF an issue of debentures (the "Debentures") of The
Corporation of The Municipality of Kincardine (the "Municipality") in the
aggregate principal amount of $8,629,030.00 (Eight Million Six Hundred
Twenty Nine Thousand Thirty Dollars) as authorized by the Municipality by
the relevant authorizing by-law(s) of the Municipality (the "Authorizing By-
law(s)"), which Debentures are to be issued to the Ontario Infrastructure
and Lands Corporation ("OILC") to finance the work(s) described in column
(2) of Schedule "A" and Schedule "B" (if applicable) to the Authorizing By-
Law (individually a "Capital Work" and collectively the "Capital Works")
AND IN THE MATTER OF temporary financing to be obtained from OILC
to meet expenditures made in connection with the Capital Work(s), as
authorized by the Authorizing By-law, pending the issue of the
Debentures
TO: OILC
This Certificate is issued pursuant to the financing agreement between OILC and
the Municipality effective the 10th day of May, 2021 (the "Financing Agreement").
Capitalized terms used herein and defined in the Financing Agreement have the
meanings ascribed to them in the Financing Agreement.
I, Roxana Baumann, the treasurer of the Municipality, hereby request that OILC
make an Advance to the Municipality on the 15th day of March, 2022 (the "Advance
Date") in the principal amount of$1,625,000.00, said principal amount as calculated using
Schedule "A"to this Treasurer's Certificate, as authorized by the Authorizing By-law and
as contemplated by the Financing Agreement (the "Requested Advance"), such
Requested Advance to be evidenced by an entry in the Record as provided in the
Financing Agreement.
I agree on behalf of the Municipality that the Requested Advance shall bear
interest at the rate per annum equal to the Advance Interest Rate determined in
accordance with the Financing Agreement as at the date hereof and that the Requested
Advance shall be repayable out of the proceeds of the Debentures and otherwise at the
time or times and in the manner set out in the Financing Agreement.
I hereby certify for and on behalf of the Municipality as follows:
1. The Authorizing By-law(s) has/have been passed by the Council of the Municipality
in full compliance with the Municipal Act, 2001 (Ontario), as amended, (the "Act")
and the regulations made thereunder.
2. Forthwith after the passage of the Authorizing By-law(s), the same was/were
signed by the Head of the Council and the Clerk and sealed with the municipal
seal of the Municipality.
3. No application has been made or action brought to quash, set aside or declare
invalid the Authorizing By-law(s) nor has/have the same been in any way repealed,
altered or amended and the Authorizing By-law(s) is/are now in full force and
effect.
4. All of the recitals contained in the Authorizing By-law(s) are true in substance and
fact.
5. Since the date of the last Advance, if any, the Municipality has expended funds on
Capital Work(s), as noted on the attached Schedule A, (excluding financing costs)
(each, a "Capital Work Expenditure") and all amounts entered on such Schedule
"A" are true and correct.
6. The principal amount of the Requested Advance has been calculated using
Schedule "A" to this Treasurer's Certificate and all amounts used in such
calculation are true and correct.
7. The amount of the Requested Advance, when added to the aggregate amount of
Advances now outstanding in respect of a Capital Work does not exceed the
expenditures for that Capital Work as approved by the Authorizing By-law.
8. The amount of the Requested Advance when added to the aggregate amount of
all Advances then outstanding in respect of a Capital Work, does not exceed the
Committed Amount for that Capital Work.
9. The proceeds of the Requested Advance will be applied to one or more of the
Capital Work(s) and will not be applied to any other purposes.
10. To the extent that the public notice provisions of the Act are applicable in respect
of the Capital Work(s), the Municipality has fully complied with such public notice
provisions.
11. The Authorizing By-law(s) and the transactions contemplated thereby do not
conflict with, or result in a breach or violation of any statutory provisions which
apply to the Municipality or any agreement to which the Municipality is a party or
under which the Municipality or any of its property is or may be bound, or, to the
best of my knowledge, violate any order, award, judgment, determination, writ,
injunction or decree applicable to the Municipality of any regulatory, administrative
or other government or public body or authority, arbitrator or court.
12. The representations and warranties of the Municipality set out in paragraph 2 of
the Financing Agreement are true and correct as at the date hereof.
13. Any issues that were raised in any audit conducted under paragraph 16 (a) of the
Financing Agreement have been resolved to the satisfaction of OILC in its sole
discretion and/or OILC has not required an audit under paragraph 16 (a) of the
Financing Agreement or no such audit is ongoing.
14. The Municipality is not in material default of any of its obligations under the
Financing Agreement as at the date hereof and none of the events described in
paragraph 12(c) of the Financing Agreement has occurred and is continuing.
15. The Municipality has not reached or exceeded its updated debt and financial
obligation limit as at the date hereof.
16. No litigation or proceedings of any nature are now pending or threatened, attacking
or in any way attempting to restrain or enjoin the temporary borrowing of the
Municipality by way of the Requested Advance, or in any manner questioning the
proceedings and authority under which such borrowing will be made, or the
capacity of the officers of the Municipality authorized thereunder to make such
borrowing, and no authority or proceedings for such borrowing or any part of it has
been repealed, revoked or rescinded in whole or in part.
17. The Municipality is not now subject to any restructuring order under Part V of the
Act or other statutory authority; accordingly, no approval of the Authorizing By-law,
the Financing Agreement, or the transactions contemplated thereby, or any
Advance is required to be given by any transition board or commission appointed
in respect of the restructuring of the Municipality.
DATED March 15, 2022
u�
Roxana Baumann, Treasurer
The Corporation of The Municipality of
Kincardine
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