1990-019 Medonte
THE CDRPORATION OF THE TOWNSHIP OF MEJX)NTE
BY-LAW NUMBER 1990-19
BEING a By-Law to distribute the funds from the Township Waste Disposal
Site Reserve Fund.
WHEREAS By-Law 1990-08 repealed By-law 87-31, By-law 87-31 being a By-
law to establish a Waste Disposal Site Reserve Fund;
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AND WHEREAS the balance of the Reserve Fund upon closing was $100,747. 21 :
AND WHEREAS the Village contributed $18,900.90 towards the account;
AND WHEREAS Capital Expenditures in the amount of 70,566.85 were made from
the Reserve Fund a portion of which were financed by the Village of
Coldwater;
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AND WHEREAS it has been determined that the Village of Coldwater
contributed 13,224.12 towards Capital Expenditures at the Waste Site;
NOW, THEREFORE, Council of the Township of Medonte enacts as follows:
1) That the Village of Coldwater be reimbursed a total of $5,676.78,
being their contribution to the Reserve Fund over and above the
Capital Expenditures.
2) That the Village of Coldwater be reimbursed a total of $1,567.01,
being interest earned on their contributions to the Reserve Fund.
3) That the remainder of the Reserve Fund being 93,503.42 be transferred
to the Township of Medonte Administration Centre Capital Works
Account.
4) That this By-law shall take affect on the date of its passing.
READ a first and second time, read a third time and passed this 19th Day
of June, 1990.
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