THE REGIONAL MUNICIPALITY OF PEEL
BY-LAW NUMBER 73-91
A by-law to amend By-law Number 53-91 titled "A by-law to authorize watermain replacement works on Dundas Street from Neilco Court to Little Etobicoke Creek and from Universal Drive to Etobicoke Creek, City of Mississauga" to provide for revised funding.
WHEREAS the Council of the Regional Corporation, has by Resolution 91-296-5 adopted on 8th August, 1991, authorized an amendment to By-law Number 53-91 titled "A by-law to authorize watermain replacement works on Dundas Street from Neilco Court to Little Etobicoke Creek and from Universal Drive to Etobicoke Creek, City of Mississauga," under Project 91-1490 to provide for increased costs at a revised total of $680,000.00;
NOW THEREFORE the Council of the Regional Corporation enacts as follows:
1. That the amount of "$550,000.00" wherever it appears in By- law Number 53-91 is struck out and the amount of "$680,000.00" is substituted therefor.
2. That Section 3 of By-law Number 53-91 is hereby repealed and the following substituted therefor: "3. (a) the sum of $567,105.00 shall be provided from Current Revenue; (b) the sum of $15,500.00 shall be provided from the Rate Stabilization Fund; (c) the sum of $97,395.00 shall be raised by the issue and sale of debentures 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 this 12th September, 1991.
Regional Clerk and Director of Administration, Chairman