BYLAW - Amend 555313 Establish Various Reserve Funds for Town - 20211026 - 638021The Corporation oftheTown ofAurora
By-law Number 6380-21
Being a By-law to amend By-law Number 5553-13, as amended, to establish
various Reserve Funds fortheTown ofAurora.
Whereas on November 26, 2013, the Council of The Corporation of the Town of Aurora
(the "Town") enacted By-law Number 5553-13, as amended, being a by-law to establish
various Reserve Funds for the Town of Aurora, including the Discretionary Infrastructure
Repair and Replacement reserve fund as Schedule RR7;
And whereas on June 10, 2014, the Council of the Town enacted By-law Number 5633-
14, being a by-law to amend By-law Number 5553-1 3, as amended, by adding various
reserve funds, including the Debt Deferral - Library reserve fund as Schedule S4;
And whereas on September 28, 2021, the Council of the Town passed a motion
contained in Report No. F1N21-035, to delete six reserves as no longer being required,
incJuding the Discretionary Infrastructure Repair and Replacement reserve fund as
Schedule RR7 and the Debt Deferral - Library reserve fund as Schedule S4;
And whereas the Council of the Town deems it necessary and expedient to amend By-
law Number 5553-1 3, as amended, to delete reserves identified in Report No. FIN21-035
as no longer being required;
Now therefore the Council of The Corporation of the Town of Aurora hereby enacts as
follows:
1.By-law Number 5553-1 3, as amended, be and is hereby amended by deleting the
following:
(a) Schedule: RR7
Reserve Fund Category: Infrastructure Sustainability/Repair and
Replacement
Reserve Fund Name: Discretionary Infrastructure Repair and Replacement
2.By-law Number 5553-1 3, as amended by By-law Number 5633-1 4, be and is
hereby amended by deleting the foHowing:
(a) Schedule: S4
Reserve Fund Category: Stabilization
from Mrakas, Mayor
Michaer de Rond. Town Clerk
Reserve Fund Name: Debt Deferral - Library
Enacted by Town of Aurora Council this 26th day of October, 2021.