WHEREAS The Regional Municipality of Peel (Region of Peel) has entered into a Municipal Funding Agreement for the Transfer of Federal Gas Tax Funds (the "MFA" ) with The Association of Municipalities of Ontario (AMO);

AND WHEREAS, the Council of the Region of Peel, has authorized the execution of the MFA;

AND WHEREAS, the Region of Peel 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 receive under the said MFA for the year 2014;

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

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

1. That the Region of Peel hereby allocates $31,166,322.34 of the 2014 funds under the Municipal Funding Agreement for the Transfer of Federal Gas Tax Funds, subject to the execution of indemnification agreements between the Region of Peel and the recipients of the funds, 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 2014	$8,570,738.64	$6,295,597.11	$716,825.42	$15,583,161.17
   November 2014	8,570,738.64	6,295,597.11	716,825.42	15,583,161.17
   Total	$17,141,477.28	$12,591,194.22	$1,433,650.84	$31,166,322.34

   
   
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 12^th day of June, 2014.

Schedule "A" to By-law 44-2014 (pdf)