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:
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 |
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)