19-2007 - Authorize Submission of an Application to OIPC for Funding ...

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THE CORPORATION OF THE COUNTY OF ESSEX BY -LAW NUMBER 19 -2007 A BY -LAW TO AUTHORIZE THE SUBMISSION OF AN APPLICATION TO THE ONTARIO INFRASTRUCTURE PROJECTS CORPORATION ( "OIPC ") FOR FUNDING FROM THE RURAL INFRASTRUCTURE INVESTMENT INITIATIVE FOR NEW ELIGIBLE CAPITAL PROJECTS OF THE CORPORATION OF THE COUNTY OF ESSEX (THE "MUNICIPALITY "); AND TO APPROVE THE EXPENDITURE OF FUNDS ON SAID ELIGIBLE CAPITAL PROJECTS; 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 on September 19, 2006 the Province of Ontario aimounced an investment of $70 million dollars for rural infrastructure as a onetime grant for rural infrastructure initiatives to eligible Ontario municipalities; AND WHEREAS on behalf of the Province of Ontario, OIPC will be administering the Rural Infrastructure Investment Initiative to eligible Ontario municipalities for the purposes of new eligible rural infrastructure initiative projects; AND WHEREAS it is now deemed to be expedient to authorize for the municipal purposes of the Municipality the new capital projects described in column (2) of Schedule "A" (individually a "Project ", collectively the "Projects ") attached hereto and forming part of this Bylaw ( "Schedule "A ") in the amount of the estimated expenditure set out in column (3) of Schedule "A "; AND WHEREAS OIPC has invited eligible Ontario municipalities desirous of obtaining funding pursuant to the Rural Infrastructure Investment Initiative in order to meet capital expenditures in connection with new eligible capital projects to make application to OIPC for such Rinding by completing and submitting an application on the form provided by OIPC (tile "Application "); AND WHEREAS the eligible Municipality has submitted an Application to OIPC to request funding for the Projects; NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE COUNTY OF ESSEX ENACTS AS FOLLOWS: The Council of the Municipality hereby confirms, ratifies and approves the completion by the Treasurer of an Application and the submission by such authorized official of an Application, duly executed by such authorized official, to AIPC for the funding of the Project(s) for the purposes of the Rural Infrastructure Investment Initiative in the maximum aggregate principal amount of $491,270.00 ( the "Funding ").