BYLAW - Reconstruction of Yonge St. - 18680722 - 180668I !~ .. ,.,.,._._,.-
BY-LAW NUMBER 1806-68
OF THE MUNICIPAL CORPORATION OF THE TOWN OF AURORA
A CONSTRUCTION BY-LAW TO AUTHORIZE THE
RECONSTRUCTION OF YONGE STREET, CONNECTING
LINK, PHASE 1, FROM WELLINGTON STREET TO
MURRAY DRIVE IN THE TOTAL ESTIMATED AMOUNT
OF $516 ,571. 31.
WHEREAS this Council has determined that it is desirable that the construction of
this work be undertaken as soon as possible.
AND WHEREAS, the Ontario Municipal Board by its order G5721-68 dated _July
19th,1968has approved of the project in the total amount of $516,571.31 and the
temporary borrowing pending completion of the work and the sale of debentures.
NOW THEREFQRE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA(EIXA
:pzEDC•IDEOOIIDWW~~DWJIDB'Elai!EMBm!S{~) ENACTS AS FOLLOWS:
1. THAT, the reconstruction of Yonge Street, Connecting Link from Wellington
Street to Murray Drive, Phase 1, in the total amount of $516,571.31, as
estimated by J.D. Reid and Associates, Ltd., Consulting Engineers, dated
July 5, 1968, be authorized.
2. THAT, the total estimated cost is to be financed as follows:
Recoverable from Connecting Link Agreement
Recoverable from Part X, Highway Improvement Act
Recoverable from Public Services & Utilities
(Gas Cd., Bell Telephone and Hydro)
$375,217.97, $ 9,221.86 .•
$ 48,304.85
3.
Recoverable from Others (estimated)
Estimated (Town Share) to be debentured for a
period not to exceed 20 years.
$432,744.68
$ 83,826.63
$516,571.31
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THAT, J.D. Reid and Associates Ltd., shall provide all the SerVices, Plans, ~
Profiles, and Specifications, etc., which may be required to complete the ~
said work in a satisfactory manner.
4. THAT, the work shall be carried out and executed under the supervision and
according to the directions and orders of the Consulting Engineers.
5· THAT, the Mayor and Clerk are authorized, to cause a contract for the
construction of the said works to be made and entered into with some person
or persons, firm or corporation, and to sign any other documents necessary
for construction of this work, subject to the approval of this Council, to be
declared by resolution.
READ AND PASSED (JKDKX'llllOG&iillllimlrofW!m:!l'ro[JrHIS 22ND. DAY OF JULY, A.D., 1968 .
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ONTARIO
ONTARIO MUNICIPAL BOARD
IN THE MATTER OF Section 64 of
The Ontario Mynicipa1 Board Act,
tH.s.o. 1960, c. 274
-and -
IN THE MATTER OF an application
by The Corporation of the Town
of Aurora for approval of the
reconstruction of Yonge Street
from f4urray Drive .to Wellington
~treat at an estimated cost of
$516; 571.31 and for approval. of
the borrowing of the sum of ·
$83,826.63 therefor
B E F 0 R E :
J. A. KENNEDY,
Chairman
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)
Q.G •'
G 5721-68
-and -~
)
W. H. J. THOMPSON, Q.C., )
FRIDAY, the 19th day of
JULY, 1968
Member }
THE BOARD ORDERS, \mdcr and in pursuance of the legis-
lation hereinbefore referred to, and of any and all other
powers vested in the Board, that the said application be
and the same is hereby granted, and that the corporation
may now proceed with the said undertaking and for such
·.purpose may pass all requisite by-laws, including by-laws
providing !or the issue of debentures in a principal amount
not exceeding $83,826.63 repayable over a term of not more
than twenty years, and may borrow money to the extent suffi-
cient to provide an amount not exceeding $83,826.63 there-
for, provided:
that the said corporation may borrow the whole
or any part of the .said sum of $516,571.31 as
required pending receipt of subsidies and the
sale of debentures, or of moneys to be received
from any other source, and
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ONTARIO
ONTARIO MUNICIPAL BOARD . G 572l-6E
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2. that the amount to be debentured;l shall not ex-
ceed in any event the net coat tb the corpora-.
tion after deducting any grant or contribution
from the Province of Ontario or from any other
source in respect of the said work, and ..
3. that-the corporation in exercising any of its
powers approved by this order shall co~ply
with all statutory and other legal require-
ments related thereto.
o<p~;JJ\
SECRETARY
.,.. ENTERED
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