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BYLAW - Authorize Application OIPC for Funding - 20080226 - 5006FTHE CORPORATION OF THE TOWN OF AURORA By-law Number 5006-0B.F BEING A By-law to authorize the submission of an Application to the Ontario Infrastructure Projects Corporation ("OIPC'J for funding from the municipal infrastructure investment initiative for a new eligible capital project of the corporation of Town of Aurora and to approve the expenditure of funds on said eligible capital project. WHEREAS the Municipal Act, 2001 (Ontario), as amended, (the "Act") provides that a municipal power shall be exercised by by-law unless the municipality is specifically authorized to do otherwise; AND WHEREAS the Province of Ontario has recently announced an investment of $300 million dollars for municipal infrastructure as a one-time grant for eligible municipal infrastructure initiatives to Ontario municipalities and Local Services Boards; AND WHEREAS on behalf of the Province of Ontario, Ontario Infrastructure Projects Corporation (Oipc) will be administering the Municipal Infrastructure Investment Initiative available to Ontario municipalities and Local Services Boards for the purposes of new eligible municipal infrastructure initiative projects; AND WHEREAS it is now deemed to be expedient to authorize for the municipal purposes of the Municipality the new capital project described in column (2) of Schedule "A", the road and watermain reconstruction project, attached hereto and forming part of this By-law in the amount of the estimated expenditure set out in column (3) of Schedule "A"; AND WHEREAS OIPC has invited eligible Ontario municipalities and Local Services Boards desirous of obtaining funding pursuant to the Municipal Infrastructure Investment Initiative in order to meet capital expenditures in connection with a new eligible capital project to apply to OIPC for such funding by completing and submitting an application through the form provided by OIPC (the "Application"); AND WHEREAS the Municipality has submitted an Application to OIPC to request funding in respect of the Project; NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA ENACTS AS FOLLOWS: 1. The Council of The Corporation of the Town of Aurora hereby confirms, ratifies and approves the completion by the Manager of Engineering Services of an Application and the submission by such authorized official of an Application, duly executed by such authorized official, to OIPC for the funding ofthe Project in connection with the Municipal Infrastructure Investment Initiative in the maximum aggregate principal amount of $1,242,000 (the "Funding"). 2. (a) Construction of the Project in the amount of the respective Estimated Expenditure set out in column (3) of Schedule "A" is hereby approved and authorized; (b) any one or more of the Mayor and the Town Clerk are hereby authorized to conclude contracts on behalf of the Municipality for the construction of the Project in accordance with the Municipality's usual protocol; (c) any one or more of the Director of Finance are hereby authorized to submit to OIPC or the Minister of Public Infrastructure Renewal on behalf of the Municipality such reports or other documents regarding the Project as may be requested in connection with the Municipal Infrastructure Investment Initiative; (d) where applicable, the Engineer of the Municipality will forthwith make such plans, profiles and specifications and furnish such information as in the opinion of the Engineer is necessary for the construction of the Project; (e) where applicable, the construction of the Project shall be carried on and executed under the superintendence and according to the direction and orders of such Engineer; and (f) the Engineer, or such other official of the Municipality charged with the management of the Project shall report semi-annually to the Council of the Municipality on the status of the Project. 3. THAT the Council of the Town of Aurora hereby confirms that the funding will be applied and shall be used exclusively for financing the Project eligible under the Municipal Infrastructure Investment Initiative as set out in Schedule "A" to this By-Law and for no other purposes. 4. THAT By-law 5000-0S.F be repealed. 5. This by-law takes effect on the day of passing. READ A FIRST AND SECOND TIME THIS 26th DAY OF FEBRUARY, 2008. READ A THIRD TIME AND FINALLY PASSED THIS 26th DAY OF FEBRUARY, 2008. PHYLLIS M. MORRIS, MAYOR Schedule "A" to By-Law Number 50XX-08.F (1) (2) (3) (4) Project Name Descril!tion of Eligible Estimated Grant Amount Cal!ital Work Exl!enditure Reconstruction Road and watermain $1,242,000 $1,242,000 of Allaura reconstruction Boulevard