THE REGIONAL MUNICIPALITY OF PEEL
 
BY-LAW NUMBER 97-2005
 
A by-law to authorize the execution of the Municipal Funding Agreement with the Association of Municipalities of Ontario (referred to herein as "AMO") which will allow AMO to release the federal gas tax funding to the Region of Peel under the Agreement for the Transfer of Federal Gas Tax Revenues Under the New Deal for Cities and Communities.


WHEREAS on June 17, 2005 the Government of Canada, Ontario and Ontario municipalities as represented by AMO, and the City of Toronto executed the Agreement for the Transfer of Federal Gas Tax Revenues under the New Deal for Cities and Communities Between Canada-Ontario-AMO-City of Toronto (referred to herein as "GTF Agreement");

AND WHEREAS the GTF Agreement includes specific provisions on the Gas Tax for Environmentally Sustainable Municipal Infrastructure to primarily support environmental sustainability objectives under Canada's New Deal for Cities and Communities;

AND WHEREAS the GTF Agreement provides for an allocation of funds to The Regional Municipality of Peel based upon population using the 2001 National Census data and based on a 50:50 sharing between The Regional Municipality of Peel and it's lower-tier municipalities;

AND WHEREAS The Regional Municipality of Peel has been allocated a total of $80,339,359.94 over the life of the GTF Agreement to be paid as follows:

 
Payment Date
Amount
  November 2005 $9,641,928.98
  July 2006 4,820,964.49
  November 2006 4,820,964.49
  July 2007 6,427,234.92
  November 2007 6,427,234.92
  July 2008 8,033,505.36
  November 2008 8,033,505.35
  July 2009 16,067,010.71
  November 2009 16,067,010.72
  Grand Total $80,339,359.94

AND WHEREAS the GTF Agreement requires The Regional Municipality of Peel to execute the Municipal Funding Agreement for The Transfer of Federal Gas Tax Revenues Under The New Deal For Cities and Communities with AMO, included as Schedule A of this by-law (referred to herein as "MFA") agreeing to comply with all its terms and conditions;

AND WHEREAS The Regional Municipality of Peel will be required to provide AMO with an annual expenditure report due by March 31st following the Municipal Fiscal Year;

AND WHEREAS The Regional Municipality of Peel may be required to provide an audit of Eligible Project as defined in the MFA;

AND WHEREAS The Regional Municipality of Peel will be required to provide an accounting for outcomes achieved as a result of investments made with Gas Tax Funding through an Outcomes Report to be made available publicly;

AND WHEREAS AMO has produced the MFA and requires its execution and return prior to the release of the federal gas tax funds to The Regional Municipality of Peel:

NOW THEREFORE be it resolved that the Council of the Regional Municipality of Peel hereby authorizes the Regional Chair and Regional Clerk to execute this Municipal Funding Agreement for the Transfer of Federal Gas Tax Revenues under the New Deal for Cities and Communities between the Association of Municipalities of Ontario and The Regional Municipality of Peel as in Schedule A attached hereto.

Schedule A shall form part of this by-law.

 

READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this 15th day of December, 2005.

A. Macintyre
________________________

Deputy Clerk

E. Kolb
______________________

Regional Chair

 

Schedule "A" available in Clerk's