WHEREAS, the Region has entered, with The Association of Municipalities of Ontario, a Municipal Funding Agreement for the Transfer of Federal Gas Tax Revenues under the New Deal for Cities and Communities, dated as of the 20th day of December, 2005;

AND WHEREAS the Region wishes to allocate to the City of Brampton, the City of Mississauga and the Town of Caledon, a portion of the funds the Region is entitled to under the said Agreement for the year 2009;

AND WHEREAS Section 6.2 of the above-mentioned agreement requires the Region to pass a By-law in order to allocate such funds;

NOW THEREFORE be it resolved that the Council of The Regional Municipality of Peel enacts as follows:

1. That the Region hereby allocate $25,387,021.43 of the funds under the Municipal Funding Agreement for the Transfer of Federal Gas Tax Revenues under the New Deal for Cities and Communities, for 2009, subject to the execution of indemnification agreements in a form substantially as attached hereto as Schedule "A", to the City of Brampton, City of Mississauga and Town of Caledon (the "Eligible Recipients") as follows:
   
   

   	Mississauga	Brampton	Caledon	Total
   July 2009	$7,319,473.29	$4,749,437.09	$624,600.33	$12,693,510.71
   November 2009	7,319,473.30	4,749,437.09	624,600.33	12,693,510.72
   Total	$14,638,946.59	$9,498,874.18	$1,249,200.66	$25,387,021.43

   
   
2. And further, that the funds allocated under this By-law shall be transferred to the Eligible Recipients only when actually received by The Regional Municipality of Peel, in the same proportions as set out herein.
   
   
3. That Schedule "A" shall form part of this By-law.
   

READ THREE TIMES AND PASSED IN OPEN COUNCIL this 5 ^th day of March, 2009

Schedule A to By-law 19-2009 (pdf)