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HomeMy WebLinkAboutBy-law No. 2010-022 rHE CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW NO. 2010-022 A BY-LAW TO AUTHORIZE THE EXECUTION OF AN AMENDING AGREEMENT TO THE MUNICIPAL FUNDING AGREEMENT BETWEEN THE MUNICIPALITY OF BAYHAM AND THE ASSOCIATION OF MUNICIPALITIES OF ONTARIO WHEREAS the Government of Canada, Province of Ontario, and Association of Municipalities of Ontario executed an extension to the Agreement For the Transfer of Federal Gas Tax Revenues September 3,2008; AND WHEREAS pursuant to the said agreement,AMO is carrying out the fund administration; AND WHEREAS the Municipality of Bayham entered into a Municipal Funding Agreement with the Association of Municipalities of Ontario as authorized by By-law No. 2005-110 adopted by Council November 17th, 2005; AND WHEREAS Municipalities are required to enter into an amended Municipal Funding Agreement with AMO to enable transfer of funds; AND WHEREAS the Council of the Corporation of the Municipality of Bayham deems it necessary and expedient to enter into an amended Municipal Funding Agreement with AMO in order to participate in the transfer of federal gas tax. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF BAYHAM ENACTS AS FOLLOWS: 1. THAT the Mayor and Clerk be and they are hereby authorized and directed to execute the Amending Agreement attached hereto as Schedule "A" and forming part of this by- law, between the Corporation of the Municipality of Bayham and The Association of Municipalities of Ontario, being a Municipal Funding Agreement for the Transfer of Federal Gas Tax Revenues. 2. THAT this by-law shall come into full force and effect upon final passing. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 4TH DAY OF MARCH,2010. { R A 1. _ LL 1• CLERK