THE REGIONAL MUNICIPALITY OF PEEL

BY-LAW NUMBER 70-91

A by-law to amend By-law Number 60-91 titled "A by-law to authorize watermain replacement works on Meadow Wood Road from Orr Road to Country Club Crescent, City of Mississauga" to provide for revised funding.

WHEREAS the Council of the Regional Corporation, has by Resolution 91-283 adopted on 11th July, 1991 authorized an amendment to By-law Number 60-91 titled "A by-law to authorize watermain replacement works on Meadow Wood Road from Orr Road to Country Club Crescent, City of Mississauga", under Project 91-1461 to provide for reduced costs at a revised total of $170,000.00;

NOW THEREFORE the Council of the Regional Corporation enacts as follows:

1. That the amount of "$300,000.00" wherever it appears in By-law Number 60-91 is struck out and the amount of "$170,000.00" is substituted therefor.

2. That Section 3 of By-law Number 60-91 is hereby repealed and the following substituted therefor: "3. That the total cost of the works being estimated at $170,000.00, shall be raised by the issue and sale of debentures by the Regional Corporation for a period not exceeding twenty (20) 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 on 8th August, 1991.

Regional Clerk and Director of Administration, Chairman