THE REGIONAL MUNICIPALITY OF PEEL

BY-LAW NUMBER 55-2000

WHEREAS the Council of the Regional Corporation has by resolution on the 28th October, 1999 appointed KPMG as auditors for the Regional Corporation for a term ending December 31, 2000, pursuant to Section 21 of the Regional Municipalities Act, R.S.O. 1990, Chapter R.8;

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

1. That KPMG are hereby appointed auditors for the Regional Corporation, effective January 1, 1999, for a term ending December 31, 2000 to audit the accounts and transactions of the Regional Corporation and of every local board of the Regional Corporation, except school boards, for the fiscal years ending December 31, 1999 and December 31, 2000;

2. That the auditors shall perform such duties as are prescribed by the Ministry of Municipal Affairs and also such duties as may be required by the Regional Council or other local board of the Regional Corporation that do not conflict with the duties prescribed by the Ministry.

READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this 13^th July, 2000.