MINUTES - Special Council - 19860306MINUTES OF THE SPECIAL COUNCIL MEETING HELD IN THE
COUNCil CHAMBERS, THURSDAY, MARCH 6, 1986 AT 9:25P.M.
Present were: Mayor West; Councillors Barker, Buck, Jones, McKenzie,
Paivio, Pedersen, Timpson and Weller.
Timpson: Resolved that the 72 hour Notice of Meeting be waived.
Jones:
Timpson:
Pedersen:
ADJOURNMENT
Jones:
Mayor
CARRIED.
Whereas the Region of York has approved capital expenditures
and debenture financing for the Aurora Family Leisure Complex
in the amount of $1,500,000.00; and
Whereas, revised estimates now require application for this
project in the total amount of $6,712,500.00 and the maximum
amount sought for debenture approval is now $2,000,000.00 for
a maximum term of 20 years;
Now therefore be it resolved that:
1. The Region of York be requested to set up and approve as
an interim measure the Capital Expenditure Approval and
1986 quota of $6,712,500.00 from which it is anticipated
that $652,000.00 will be available as a provincial grant,
that $600,000.00 shall be raised as a public donation and
the Town from the Lei sure Services Reserve Account sha 11
contribute $3,460,500.00 leaving the estimated amount of
$2,000,000.00 to be raised by possible debenture issue
and to be repayable in not more than 20 years;
2. And further, be it resolved that, the Treasurer be
directed and authorized to apply to the Ontario Municipal
Board for approval of the aforesaid amounts;
3. And be it further resolved that the Clerk-Administrator
and/or Treasurer be directed and is hereby authorized to
sign all necessary application forms and other papers
necessary to obtain the necessary approvals on this
project.
CARRIED.
Resolved that the meeting be adjourned at 9:30 p.m.
CARRIED.
Clerl<