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<br />THE CORPORATION OF THE COUNTY OF ESSEX <br /> <br />BY-LAW NUMBER 63-2006 <br /> <br />A BY-LAW TO ESTABLISH COMMODITY PRICE HEDGING <br />POLICIES AND GOALS FOR THE CORPORATION OF THE <br />COUNTY OF ESSEX <br /> <br />WHEREAS Section 6(1) of Ontario Regulation 653/05 of the Municipal Act, 200 I <br />requires a municipality, prior to adopting a by-law authorizing a commodity price <br />hedging agreement, to adopt a statement of policies and goals relating to the use of <br />financial agreements to address commodity pricing and costs; <br /> <br />AND WHEREAS the Corporation proposes to enter into an Agency Appointment <br />and Retainer Agreement between Local Authority Services Ltd. (LAS), a wholly owned <br />subsidiary company ofthe Association of Municipalities of Ontario, as Agent, to <br />negotiate all required electricity purchases on behalf of all procurement program <br />members; <br /> <br />NOW THEREFORE the Council of the Corporation ofthe County of Essex <br />deems it expedient to: <br /> <br />I. Adopt Commodity Price Hedging Policy #06-00 I for the Corporation of <br />the County of Essex, attached hereto and forming part of this by-law. <br /> <br />2. This By-law shall come into force and effect on the 20th, day of September <br />2006. <br /> <br />NE~WARDEN <br /> <br />~C^A~ ~.J <br />MARY . BR AN, CLREK <br /> <br />I st Reading _ September 20th, 2006 <br />2nd Reading - September 20th, 2006 <br />3rd Reading - September 20th, 2006 <br />