THE REGIONAL MUNICIPALITY OF PEEL
 
BY-LAW NUMBER 20-2015
 

A by-law to allocate federal gas tax revenue funds to the City of Brampton, the City of Mississauga and the Town of Caledon for the year 2015, 2016, 2017 and 2018.


WHEREAS on April 1st, 2014, and on the approval of Regional Council, The Regional Municipality of Peel (the "Region of Peel") entered into a Municipal Funding Agreement for the Transfer of Federal Gas Tax Funds (the "MFA" ) with The Association of Municipalities of Ontario (the "AMO");

AND WHEREAS, the Region of Peel wishes to allocate to the City of Brampton, the City of Mississauga and the Town of Caledon (collectively, the "Transferee Municipalities"), a portion of the funds the Region is entitled to receive under the said MFA for the years 2015, 2016, 2017 and 2018;

AND WHEREAS, Section 6.2 of the MFA provides that the Region of Peel shall enact a By-law to authorize the further allocation of funds to the Transferee Municipalities;

AND WHEREAS, the City of Brampton, the City of Mississauga and the Town of Caledon has each executed and delivered to AMO a written undertaking to assume all of the Region of Peel’s obligations under the MFA with respect to the funds transferred pursuant to section 6.2(c) of the MFA;

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

  1. That the Region of Peel shall allocate a portion of the 2015, 2016, 2017 and 2018 funds advanced to the Region of Peel under the MFA, to the Transferee Municipalities in accordance with the amounts shown in Table 1;

    Table 1
             
     
    Mississauga
    Brampton
    Caledon
    Total
             
    July 2015
    $8,570,738.64
    $6,295,597.11
    $716,825.42
    $15,583,161.17
    November 2015
    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
    July 2016
    $8,999,275.57
    $6,610,376.96
    $752,666.70
    $16,362,319.23
    November 2016
    8,999,275.57
    6,610,376.96
    752,666.69
    16,362,319.22
    Total
    $17,998,551.14
    $13,220,753.92
    $1,505,333.39
    $32,724,638.45
     
    July 2017
    $8,999,275.57
    $6,610,376.96
    $752,666.70
    $16,362,319.23
    November 2017
    8,999,275.57
    6,610,376.96
    752,666.69
    16,362,319.22
    Total
    $17,998,551.14
    $13,220,753.92
    $1,505,333.39
    $32,724,638.45
             
    July 2018
    $9,427,812.50
    $6,925,156.82
    $788,507.96
    $17,141,477.28
    November 2018
    9,427,812.50
    6,925,156.82
    788,507.95
    17,141,477.27
    Total
    $18,855,625.00
    $13,850,313.64
    $1,577,015.91
    $34,282,954.55

  2. The funds allocated to the Transferee Municipalities shall be subject to the requirement that each Transferee Municipality execute and deliver to the Region of Peel an indemnification agreement in a form substantially as attached hereto as Schedule "A".

  3. The allocation of funds to the Transferee Municipalities pursuant to this by-law are entirely contingent upon the receipt by the Region of Peel of payment of federal gas tax funds from the AMO as provided for in the MFA.

  4. Schedule "A" shall form part of this By-law.


READ THREE TIMES AND PASSED IN OPEN COUNCIL this 26th day of March, 2015.

K. Lockyer
________________________

Regional Clerk

F. Dale
______________________

Regional Chair




Schedule "A" to By-law 20-2015 (pdf)