THE REGIONAL MUNICIPALITY OF PEEL
BY-LAW NUMBER 57-91
A by-law to amend By-law Number 39-91 titled "A by-law to authorize the reconstruction of Derry Road from 10th Line West to approximately 200 metres (656 feet) west of 9th Line West, City of Mississauga" to provide for revised funding.
WHEREAS the Council of the Regional Corporation, has by Resolution 91-190 adopted on 9th May, 1991, authorized an amendment to By-law Number 39-91 titled "A by-law to authorize the reconstruction of Derry Road from 10th Line West to approximately 200 metres (656 feet) west of 9th Line West, City of Mississauga," under Projects 88-4060 and 91-1150 to provide for decreased costs at a revised total of $2,570,000.00;
NOW THEREFORE the Council of the Regional Corporation enacts as follows:
1. That the amount of "$4,150,000.00" wherever it appears in By-law Number 39-91 is struck out and the amount of "$2,570,000.00" is substituted therefor.
2. That Section 3, Subsection (d) of By-law Number 39-91 is hereby repealed and the following substituted therefor:
"3. (d) the sum of $32,000.00 shall be raised by the issue and sale of debentures by the Regional Corporation for a period not exceeding ten (10) years bearing interest at a rate to be determined at the time of the passing of a by-law to authorize the issuance of debentures."
READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this 27th June, 1991.
Regional Clerk and Director of Administration, Chairman