BYLAW - Yonge St. Connecting Link - 19690902 - 185969r~-~~-~.·"~--~-
BY-LAW NUMBER 1859-69
~ OF THE MUNICIPAL CORPORATION OF THE TOWN OF AURORA
A CONSTRUCTION BY-LAW TO AUTHORIZE THE
RECONSTRUCTION OF YONGE STREET, CONNECTING
LINK, PHASE 2, FROM WELLINGTON STREET TO
NORTH TOWN LIMITS IN THE TOTAL ESTIMATED
AMOUNT OF $734,303.03.
WHEREAS this Council has determined that it is desirable that the construction
of this work be undertaken as soon as possible.
f?" •·· AND WHEREAS, the Ontario Municipal Board by its order G7592-69 dated August
21st, 1969 has approved of the project in the total amount of $734,303.03
and the temporary borrowing pending completion of the work and the sale of
debentures.
NOW THEREFORE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA
ENACTS AS FOLLOWS:
1. THAT, the reconstruction of Yonge Street, Connecting Link from Wellington
01 Street to North Town Limits, Phase 2, in the total amount of $734,303.03
as estimated by J. D. Reid and Associates Ltd., Consulting Engineers, dated
August 11, 1969, be authorized.
2. THAT, the total estimated cost is to be financed as follows:
~ Recoverable from Connecting Link Agreement
Recoverable from Part X, Highway Improvem~nt Act
Recoverable from Public Services & Utilities
(Gas Co., Bell Telephone and Hydro)
Recoverable from Others (estimated)
Estimated (Town Share) to be debentured for a
period not to exceed 10 years
502,687.87
17' 364.89
42,891.88-
562,944.64
171,358.39
$734' 303.03
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W( 3. 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.
~· 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.
THIS~ DAY OF SEPTEMBER A.D., 1969.
MAYOR
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G 7952-69
ONTARlq
ONTARIO MUNICIPAL BOARD .
IN THE MA TTEH OF Section 64 of
. The Ontario Municipal Board Ac,!i.1 (h.s.o. 1960, c. 274)
..:. and -
IN THE IiiATTER .OJ!' an application
by 'l'he Corporation of .the Town
of Aurora for approval of the
construction o.£ an asphaltic
concrete pavement, curbs and
gutt!lrs on Yong;e Street i'rom
'i·lel1.1ngton· ::>tree\".. to North Town
. Lim!llt at; <m estimated cost of
$734,303 .OJ and oi' the borrowing
of the sun of $171·,358.39 therefor
B E F 0 H E:
J. A. KENN.I:lDY, i.i,.C.
Chairman
-and -
R. R-1. McGUIHE
1<iember
)
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THURSDAY, the 21st day of
AUGUST, 1969 .
THE BOARD ORDEHS, under and in pursuance of the
legislation hereinbefore referred to, and of any and all
other pouers vested in the Board, that this application
be and the same is hereby granted, and that. the Corporation
may now proceed with the said undertaking at a total cost
not to exceed $734,30).03 and for such purpose u~y pa$S
/
all requisite by-laws, including by-l.aws pribviding for
. '
the issue of debentures in a principal amount not ex-
ceeding :Pl71,358.39 repayable over a term of not more than
ten years, and may borrow money to the extent sufficient
to provide an amount. no·~ exceeding oiil71,358.J9 therefor,
provided:
1. that the said Corporation may borrow the whole or
any pa'rt of the said sum u£ ~734,303.03 as required
penuing receirA of' subsidies and 'the sale of de-
bentures, or the re:caipt of moneys from any other ·
sottrce, and
,· .. ;,;_:,;
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G 7952-69
ONTARIO
.ONTARIO MUNICIPAL BQARD
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2. that the amount to be debentured shall not' exceed
··in any event the net cost to the Gorpor-a\tlon after
deducting any grant or contribution from the
Province of Ontario or from any other source in
J.
respect of the said work, and
' .. that the Qorporation in exercising any of its powers
approved l.ly this order shall comply iv:i. tll all
statutory and other legal requiremencs related
thereto.
Ill ---' t''J j ci=-'---"
SBC~ti!:TAHY
-· ENTEREf -
0. II. No. _. ........ 11.9/.l£ ........... 1
Folio Ne ............ 2H5 ....... ,. ... , .... 1
i\Lh; 2 5 1969