THE REGIONAL MUNICIPALITY OF PEEL
BY-LAW NUMBER 11-92
A by-law to amend By-law Number 69-89 titled "A by-law to authorize the replacement of watermains and sanitary sewers on Trueman Street and Eastern Avenue in the City of Brampton" to provide for revised funding.
WHEREAS the Council of the Regional Corporation, has by Resolution 91-439-13 adopted on 24th October, 1991, authorized an amendment to By-law Number 69-89 titled "A by-law to authorize the replacement of watermains and sanitary sewers on Trueman Street and Eastern Avenue in the City of Brampton " under Project 89-2280 to provide for a revised debenture funding;
NOW THEREFORE the Council of the Regional Corporation enacts as follows:
1. That Section 3 of By-law Number 69-89 is hereby repealed and the following substituted therefore:
"3. (a) the amount of $180,000.00 shall be provided from Unapplied Capital Receipts; and
(b) the sum of $330,000.00 shall be raised by the issue and sale of debentures by the Regional Corporation for a period not exceeding fifteen (15) 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 13th February, 1992.
Regional Clerk, Chairman