THE REGIONAL MUNICIPALITY OF PEEL
 
BY-LAW NUMBER 30-2011
 

A by-law to allocate federal gas tax revenue funds to the City of Brampton, the City of Mississauga and the Town of Caledon for the year 2011.

 

WHEREAS The Regional Municipality of Peel (Region of Peel) has entered into a Municipal Funding Agreement with The Association of Municipalities of Ontario (AMO), for the Transfer of Federal Gas Tax Revenues under the New Deal for Cities and Communities, dated as of the 20th day of December, 2005 (the “Municipal Funding Agreement”);

AND WHEREAS, on the 29th day of April, 2010 the AMO and the Region of Peel entered into an agreement amending the Municipal Funding Agreement to reflect the revised schedule of payments and minimum funds to be distributed to the Region of Peel for the Regional fiscal years of 2010 through to 2013 (the “Amending Agreement”);

AND WHEREAS, the Council of the Region of Peel, has authorized the execution of the Amending Agreement;

AND WHEREAS, the Region wishes to allocate to the City of Brampton, the City of Mississauga and the Town of Caledon, a portion of the funds the Region is entitled to receive under the said Amending Agreement for the year 2011;

AND WHEREAS, Section 6.2 of the above-mentioned Municipal Funding Agreement requires the Region of Peel to pass a By-law in order to allocate such funds;

NOW THEREFORE the Council of the Regional Corporation enacts as follows:

  1. That the Region of Peel hereby allocates $29,518,741.00 of the funds under the Municipal Funding Agreement, as amended, for the Transfer of Federal Gas Tax Revenues under the New Deal for Cities and Communities, for 2011, subject to the execution of indemnification agreements between the Region of Peel and the recipients of the funds, in a form substantially as attached hereto as Schedule "A", to the City of Brampton, City of Mississauga and Town of Caledon (the "Eligible Recipients") as follows:

    Mississauga
    Brampton
    Caledon
    Total
             
    July 2011
    $8,510,712.50
    $5,522,404.50
    $726,253.50
    $14,759,370.50
    November 2011
    8,510,712.50
    5,522,404.50
    726,253.50
    14,759,370.50
    Total
    $17,021,425.00
    $11,044,809.00
    $1,452,507.00
    $29,518,741.00

  2. And further, that the funds allocated under this By-law shall be transferred to the Eligible Recipients only when actually received by The Regional Municipality of Peel, in the same proportions as set out herein.

  3. That Schedule "A" shall form part of this By-law.

READ THREE TIMES AND PASSED IN OPEN COUNCIL this 24th day of March, 2011.

C.Reid
________________________

Regional Clerk

E. Kolb
______________________

Regional Chair

 

Schedule A to By-law 30-2011(pdf. file)