AND WHEREAS the Council of the Regional Corporation has by Resolution 95-264 on the 22nd July, 1995 authorized the construction of a watermain on Regional Road 7 (Airport Road) from north of Regional Road 14 (Mayfield Road) to north of Healey Road, a total distance of 3,900 metres, more or less, in the Town of Caledon, pursuant to section 221 of the Municipal Act, R.S.O. 1990, Chapter M.45, as amended, under Project 95-1010, at a total estimated cost of $900,000.00 hereinafter referred to as "the works;"

AND WHEREAS the Council of the Regional Corporation deems it desirable to impose a waterworks rate on the owners of certain lands in the City of Brampton, pursuant to section 221(2) of the Municipal Act, R.S.O. 1990, Chapter M.45, as amended;

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

1. That the Regional Corporation shall construct the works at a total estimated cost of $900,000.00.

2. That the Commissioner of Public Works or the Regional Corporation's consulting engineer shall take such action as may be necessary for the preparation of a contract or contracts for the execution of the works under their supervision.

3. That the estimated capital cost attributable to the abutting owners, as outlined in Schedule A attached hereto, is $411,611.00.

4. That the abutting owners' share of the capital costs be recovered by the imposition of a waterworks rate.

5. That the affected properties, as outlined in Schedule A attached hereto, shall be assesses a waterworks rate of $151.00 per metre of assessable frontage up to a maximum of 61 metres of assessable frontage per property payable over 15 years commencing on a date to be determined by the Treasurer and Commissioner of Finance.

READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this 10th August, 1995.