BYLAW - Authorize the Construction of Storm Sewers or Drains on Wells Street - 19491003 - 103149/a3!
of the Mtmicipa.l Corpora.t ion of the
:town of Aurora..
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BY-LAW to authorize the construction of ;:;torm Sewers or drains on Wells
street a.nd cousins Drive in the ;£own of Aurora.
WHEREAS at least two-thirds in number of the owners representing
a.t least one half of the value of the lots liable to be specially assessed,
and others, have petitioned the Council to construct, as a local improvement,
the storm sewers or drains herein&fter referred to •
AliD WHEREAS it is expedient to grant the prayer of the petitioners
in manner hereinafter provided.
·xHEllEFORE 1'HJ$ .vllJlHCIPAL COUNCIL Oli' :tHE CORJ?ORA~IOU Ob' ;l'HJJ; TOWl~ (.)l!'
AUIDRA NJOJAC~S AS l!OLLOWS:
1. :rhat storm sewers or drains, as hereinafter provided, as a local
Improvement under ~e Local Improvement Act, be constructed as follows:
2.
On Wells Street from Cousins Drive to Kennedy Street East.
On Gurnett Street from Connanght Street to Kennedy otreet East.
On Cousins Drive from Creek ~~st to mdwa.rd ~treet.
to
One• Cousins JJri ve from Yonge .;;treet/ creek '~<'ill1i of wells Street.
:that Messrs • .Proctor, .tiecl:fern and Laughlin be and they are hereb y
appointed the engineers to forthwith make such plans, profiles a.nd specifications
a.nd furnish such information a.s may be necessary for the making of a contract or
contracts for the execution of the said work.
i:
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That the work shall be carried on and executed under the SUper-
intendence and according to the directions and orders of such engineers.
4. The Ma¥or and Clerk are hereby authorized and directed to cause
a contract. or contracts for the construction of the work, to be made and
entered into with some person ar persons, firm or aorporation, subject to the
approval of this Council to be declared by Hesolution.
5. 'l'he treasurer may agree with a.ny bank or person for temporary a.d-
vances of money to meet the cost of the work pending the completion of it.
6. '.!:he special assessment shall be paid by twenty annual instalments.
7. '.!:he debentures to be issued for the loan to be effected to pay for
the cost of the work when completed shall bear interest at such rate as tm
Council may determine and be made paya~le within twenty years on the instalment
plan.
e. Any person whose lot is specially assessed may commute for a pay-
ment in cash the special rates imposed therean by paying the portion of the cost
of construction assessed upon the lot, without the interest, forthwith after
the tipeoial Assessment bDll has been certified by the Clerk, and at ·any time
thereafter by the Pa¥llient of such sum as when invested at four percent, per
annum will provide an annuity sufficient to pa¥ the special eates for the un-
expired portion of the term as they fall due •
.lla.ted at the Oounoil Chambers, -"urora, this ~ day of uotober, 1949 •
the Oounoil Chambers, aurora this '3 day of uotober, 1949.
MAYOR OLEllK