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HomeMy WebLinkAboutBy-law No. 2014-115 THE CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW NO. 2014-115 A BY-LAW TO AUTHORIZE THE EXECUTION OF A CONTRIBUTION AGREEMENT BETWEEN THE MUNICIPALITY OF BAYHAM AND HER MAJESTY THE QUEEN IN RIGHT OF ONTARIO AS REPRESENTED BY THE MINISTER OF AGRICULTURE, FOOD AND RURAL AFFAIRS REGARDING THE ONTARIO COMMUNITY INFRASTRUCTURE FUND—FORMULA-BASED COMPONENT WHEREAS the Government of Ontario has created the Ontario Community Infrastructure Fund to: (1)provide stable funding to help small communities address critical core infrastructure needs in relation to roads, bridges, water and wastewater; (2) further strengthen municipal asset management practices within small communities; and (3) help small communities use a broad range of financial tools to address critical infrastructure challenges and provide long-term support for rehabilitation and repair of core infrastructure for those in most need; WHEREAS the Municipality of Bayham is eligible and desirous of receiving funding under the Formula-Based Component of the Ontario Community Infrastructure Fund; AND WHEREAS the Parties wish to proceed with the required Contribution Agreement; 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 Agreement attached hereto as Appendix "A" and forming part of this by-law between the Municipality of Bayham and Her Majesty the Queen in right of Ontario as represented by the Minister of Agriculture, Food and Rural Affairs. 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 4{h DAY OF DECEMBER,2014. MA OR CLERK