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2008-025 submission of an application to the Ontario Infrastructure Projects Corporation (OIPC) for funding from the Municipal Infrastructure Investment Initiative for a new eligible capitalTHE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE BY-LAW NO. 20108-1325 A By-law to authorize the submission of an application to the Ontario Infrastructure Projects Corporation (OIPC} for funding from the Municipal Infrastructure Investment Initiative for a new eligible capital project of The Corporation of the Township of Oro-Medonte and to approve the expenditure of funds on said eligible capital project WHEREAS the Municipal Act, 2001 (Ontario}, as amended, {the Act} provides that a municipal power shall be exercised by by-law unless the municipality is specifically authorized to do otherwise; AND WHEREAS The Province of Ontario has recently announced an investment of $300 million dollars for municipal infrastructure as a one-time grant for eligible municipal infrastructure initiatives to Qntario municipalities and Local Service Boards; AND WHEREAS on behalf of the Province of Ontario, OIPC will be administering the Municipal Infrastructure Investment Initiative available to Ontario municipalities and Local Service Boards for the purposes of new eligible municipal infrastructure initiative projects; AND WHEREAS it is deemed to be expedient to authorize far the municipal purposes of the Municipality the new capital project described in column {2} of Schedule "A" {the "Project"} attached hereto and forming park of this By-law {Schedule "A"} in the amount of the estimated expenditure set aut in column {3} of Schedule "A"; AND WHEREAS OIPC has invited eligible Qntario municipalities and Local Services Boards desirous of obtaining funding pursuant to the Municipal infrastructure Investment Initiative in order to meet capital expenditures in connection with a new eligible capital project to apply to OIPC for such funding by completing and submitting an application through the form provided by C}IPC (the "Application"}; AND WHEREAS the Municipality has submitted an Application to 41PC to request funding in respect of the Project; NOW THEREFORE the Council of the Township of Qro-Medonte hereby enacts as follows: 1. The Council of the Municipality hereby confirms, ratifies and approves the completion by the Treasurer of an Application and the submission by such authorized official of an Application, duly executed by such authorized official, to OIPC for the funding of the Project in connection with the Municipal Infrastructure Investment Initiative in the maximum aggregate principal amount of $389,000 (the "Funding"}. 2. a} Construction of the project in the amount of the respective Estimated expenditure set out in column (3} of Schedule "A" is hereby approved and authorized; b} Any one or more of the Mayor or Clerk are hereby authorized to conclude contracts on behalf of the Municipality for the construction of the Project in accordance with the Municipality's usual protocol. c) Any one or more of the Mayor or Treasurer are hereby authorized to submit to 41PC or the Minister of Public infrastructure Renewal on behalf of the Municipality such reports or other documents regarding the Project as may be requested in connection with the Municipal Infrastructure Investment Initiative; d) Where applicable, the Engineer of the municipality will forthwith make such plans, profiles and specifications and furnish such information as in the opinion of the Engineer is necessary for the construction of the Project; e) Where applicable, the construction of the Project shall be carried on and executed under the superintendence and according to the direction and orders of such Engineer; and f) The Engineer, or such other official of the Municipality charged with the management of the Project shall report semi-annually to the Council of the Municipality on the status of the Project. 3. The Council of the Municipality hereby confirms that the Funding will be applied and shall be used exclusively for financing the project eligible under the Municipal Infrastructure Investment Initiative as set out in Schedule "A" to this By- law and for no other purposes. 4. This By-law takes effect on the day of passing. BY-LAW READ A FIRST AND SECOND TIME THIS 13T" DAY OF FEBRUARY, 2ao8. BY-LAW READ A THIRD TIME AND FINALLY PASSED THIS 13T" DAY OF FEBRUARY, 2008. THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE Mayor, H.S. !-lughes ~~~~- glas irwrr~ Clerk J. Dou . _. y ~,, Schedule "A" to By-law No. 2008-025 for The Corporation of the Township of Oro-Medonte Project Name Description of Eligible Estimated Capital Work Expenditure Line 10 S increase the width of $389,000 Structure existing structure, improve Rehabilitation drainage to prevent erosion, install sheet piling system with earth anchors to increase width, install guide rail system and resurface (4} Grant Amount $389,040