BYLAW - Agreement With Ontario Housing - 19781002 - 221278,>
BY-LAW NUMBER 2212-78
OF THE MUNICIPAL CORPORATION OF THE TOWN OF AURORA
BEING A BY-LAW TO AUTHORIZE THE ENTERING INTO OF AN AGREEMENT BETWEEN THE
TOWN OF AURORA AND THE ONTARIO HOUSING CORPORATION COVERING FIFTY (50) RENT
SUPPLEMENT UNITS.
l. THAT the Mayor and Clerk are hereby authorized and directed to sign the
Agreement dated July 26yh.l976 between the Ontario Housing Corporation
and the Town of Aurora covering 50 rent supplement units.
READ A FIRST AND SECOND TIME THIS 25th DAY OF September
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MAYoR
READ A THIRD TIME AND FINALLY PASSED THIS 2nd DAY OF October
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MAYOR CLERK
,1978.
,1978.
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RENT SUPPJ.EHF.NT PRCGRAM -SUBSIDY AGRF.F.HF.NT
.THIS AGREEMENT made in duplicate. the 29t)l day ..
of ·September , A.D. 1975
BETWEEN
ONTARIO HOUSING CORPORATION
(hereinafter. called "the Corporation")·
OF TilE FIRST PART
-and -
THE CORPORATION OF THE TOWN OF AURORA
(hereinafter called " Aurora "
OF THE SECOND PART
WHEREAS pursuant to Section 17 (I) (a) of The Housing Development
. Act aS amended • Aurora _may, with the approval of the. Minister of
Housing • enter ·into an agreement with a governmental~, authority for the
maintenance cost of -~ housi~g ~roject, and
WHEREAS the Corporation, being an agent of Her Majesty the Queen
:l.n right of the Province of Ontario, has instituted a rent supplement housing
· senior citizen" program to assist individuals/ana tam1~1es of lOw income obtain private rerital
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accommodation within Aurora at rents which are scaled t"o
their incomeS, whereby the Corporation pays to the owner·of such private
accornmodat.:i.on. the differenCe-between such "reilts scaled in iricoine and the·usual
market rents .charged. for same as well as certain other ~ncidenta+ ope_rating
expenses, and
VHEREAS, in consideration of the assistance given to such
.pe-rsons, Aurora has ag~eed ~ith the CorPoration ~0 bear a portion
of the annual operating losses pertaining· to ~mch program for projects
situated within Aurora 1 and
\II!ERF.AS Aurora has on the -P~---day of
A.D •.. 1971 , passed By-La" No. :lJ./'L • 71 authorizing the entering into
of this Agreement.
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NOll THEREFORE THIS AGREEMENT WITNESSETH TIIAT in consideration
of the premises ·and the mutual understandings hereinafter set forth, the parties.
hereto, on behalf .of themselves· and their respective successors and aSsigns,
hereby coven~nt and agree as follows
1. In this·agreement :
. (1.)' "oWner" shall mean the owner of the building
wherein housing units are. being leased.
seniqr citizena
(11) "individual/or family of low inco;ne" shall mean an
· · · seniqr citizen · .
individual;or family that receives a total income that in-
the ~pinion of the Corporation is insufficient to permit
· . ·senior citizen · : ·. . · · ...
,the individua1/or family to rent housing accommodation
adequate for its needs at the· current rental market. in the .
s'enior citizen area in which the individualjor famil~ lives •.
. ·. (:iii) . ''rent. ·supplement" shall mean the difference between· the
full monthly rents which would normally 'be charged by
the owner for the housing units under the program and the
. actual rentS. b~sed on the Corpo~ation 's rent-to..:.in.come
· · · · or;eni,qr ci ti.,en scale, which are charged to the indiv~~ua~or. tami~Y of
low 'income for the 'housi~g accommodation;·
(iv) ''operating expenses" means. the total of:
.a) the rent supplement.amounts paid in any
·calendar Year by the Corporation to ?wners
within Aurora ...
·b)· the full market rents fo:r·any units which·
the Corporation may be .legally obliged to
pay to owners by reason of unavoidable
vacancies occurring during the calendar year.
c) · administrative expenses incurred Py the Corporation
in· oper-~ting and car~yi~f? ou~ the ~progra:m•
· prov~ding that the administrative. fee shall not
.exceed .· $4.25
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per housing unit per month,
·d)·._ cos_t of unit rede~oration for the purposes of
assigning, subletting or reletting a unit.
e) any other· legitimate expenses agreed to be paid by
the Corporation to the owner pertaining to Units in
the program.
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f) a one-time development fee of $50.00 per housing
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5.
The Corporation shall provide rent supplement housing
senior citfZens
accommodation to individuals/or families of.low income within
Aurora by entering into rent supplement
agreements with owners for the dir.ect leasing of' family units to
. senior ci ti.z erill s~eh individualstor tamilies und~r which the Corporation shall
pay the. operating expenses pertaining to the units. A list of
the rent supplement agreements which the Corporation has entered·
into with various owners to date is attached hereto as
Schedule "A", and it is agreed that same will b~ added to from'
time tO time ~S further agreements are CQDC~uded coyering'.
· to a max~mum of 50 housing units
further Units/and/or extending the terms u~der existing
agreements.
Aurora shall pay to the Corporation.on.or
before the 30th day of June in each.year. a suin. equal to·
seven-and-a-half (7~%)" per cent of the operating expenses
incurred with respect to the rent supplement accommodation
within Aurora· for the preceding. calendar year
in acc~r~?P.ce with a certi~i_ed sta;ement to be deliver~d to
Aurora by the Corporation on or before
the 30th day of April in the year in which such payment shall
be 111ade.
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AU:!=<;>ra shall have the right, thro~gh its servants,
&Rent!?_.or auditois, at ~ny ·time, ~po~ reasonable notice to the
Co_rp~ra t~o~,. to examine ~he boo.ks and records of the ·
.corPoratiori ·per.tatntns to the rene supplem·ent accommodatiOn-
with Aurora and, in the event that at any
Aurora disputes the amount claimed by the
Corpo~atiOn under the preceding paragraph· h~reof, and the
parties h~reto-cannot resolve-such dispute, and-the
Corporation shall· refer such dispute to a third party
_&ccePta'ble to each of them, and th~ d~~iSion ?f such third
party shall be final and binding on both parties hereto.
This Agreement shall continue and remain in force for a period
of fifteen (15) years from the date hereof, and shall enure to
the benefit of and be binding upon the par~ies.hereto, their
successors and assigns. Provided, however, that neither party to
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the agre'ement shall assign the agreement without the written'
consent of the other party first had and obtained.
IN Wl'J:NESS WHEREOF the parties·.hereto have hereunder affixed
their ~orporate seals under the bands of their proper si~ning officers
duly authorized in that behalf.
ONTARIO HOUSING CORPORATION
for VlCE-C!IAlRMAN
.. Corporate .Secretary
THE CORPORATION OF THE TOWN OF AURORA
• -~£~C
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RENT SUPPLEMENT PROGRAM -SUBSIDY AGREEMENT
SCHEDULE "A"
Reference Page 3. 2. Units under agreement
· to Jan.l/76
NAME OF PROPONENT # OF UNITS PLACE
Sardina Inv. Ltd. (1/ll/75) 15-2 Bd. Apts. Wellington &
10-3 Bd. Apts. MacDonald Sts.
Sardina Inv. Ltd. (1/l/76) 11~1 Bd. Apts. Wellington &
13-2 Bd. Apts. MacDonald Sts.
l-3 Bd. Apts.
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