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2012-214 Amend By-Law 2011-194THE CORPORATION OF THE TOWNSHIP OF ORO- MEDONTE BY -LAW NO. 2012 -214 A By -law to Amend By -Law 2011 -194, "A By -Law to Appoint Representatives to the Lake Simcoe Regional Airport Board of Directors" WHEREAS Section 203(1) of the Municipal Act, 2001, as amended, and Ontario Regulation 599/06, as amended by Amended Ontario Regulation 371/07, permits the establishment of a new corporation formed under the Business Corporations Act (Ontario) and designated as a "municipal services corporation "; AND WHEREAS the City of Barrie and the Township of Oro - Medonte have agreed to transfer the assets, liabilities and undertakings associated with the Lake Simcoe Regional Airport, to the Corporation of "Lake Simcoe Regional Airport Inc. ", a company formed under the Business Corporations Act (Ontario) and designated as a "municipal services corporation" under the Municipal Act, 2001, as amended, and the regulations there under; AND WHEREAS the City of Barrie and the Township of Oro - Medonte have entered into the Lake Simcoe Regional Airport Agreement, as authorized by Oro - Medonte By -law No. 2010 -015, for the operation, management and improvement of the Airport and the governance of the Corporation by its shareholders thereof; AND WHEREAS Section 3.01 of the Lake Simcoe Regional Airport Agreement identifies that the Board of Directors shall consist of seven (7) members, five (5) members of the Board shall be appointed by Barrie and two (2) members of the Board shall be appointed by Oro - Medonte; AND WHEREAS the Council of the Township of Oro - Medonte declared by Motion No. C121205 -6 to appoint a Township representative to the Lake Simcoe Regional Airport Board of Directors for the 2013 -2014 term; AND WHEREAS the Township of Oro - Medonte did advise the City of Barrie, for their approval, in accordance with Section 6.09 of the Lake Simcoe Regional Airport Agreement, of its appointees to the Board of Directors of the Lake Simcoe Regional Airport; NOW THEREFORE the Council of the Township of Oro - Medonte hereby enacts as follows: That Item 2 to By -law No. 2011 -194 be deleted in its entirety. 2. And That this by -law shall take effect on its final passing thereof. BY -LAW READ A FIRST, SECOND AND THIRD TIME, AND PASSED THIS 12TH DAY OF DECEMBER, 2012. NSHIP OF ORO- MEDONTE