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VILLAGE OF CHASE
BYLAW NO. 605-2000
Being a Bylaw authorizing the expenditure of interest earned
in the Park Development Cost Charge Reserve Fund.
WHEREAS there is an unappropriated balance in the Park Development Cost Charge Reserve
Fund of $124,059.10 as at July 31, 2000 which has been calculated as follows:
Balance in Reserve Fund at December 31, 1999
Additions to the Reserve Fund including interest
earnings for the current year to July 31, 2000
Uncommitted balance in Reserve Fund at July 31, 2000
$119,754.08
$ 4, 305.02
$124,059.10
AND WHEREAS section 936(6) of the Local Government Act authorizes the Council to use
interest earned on money in a Park Development Cost Charge Reserve Fund to provide for
irrigation systems in parks owned by the municipality;
NOW THEREFORE the Council of the Village of Chase, in open meeting assembled, enacts as
follows:
1.
This Bylaw may be cited as "Park Development Cost Charge Reserve Fund Expenditure
Bylaw No. 605-2000".
2.
The sum of $20,000.00 is hereby appropriated from the Park Development Cost Charge
Reserve Fund to be expended on the installation of an irrigation system in Willson Park.
3.
The expenditure to be carried out by the monies hereby appropriated may be ore
particularly specified and authorized by resolution of the Council.
4.
Should any of the above amount of funds remain unexpended after the expenditures
hereby authorized have been made, any unexpended balance shall be returned to the
credit of the Park Development Cost Charge Reserve Fund.
READ A FIRST TIME THIS 12th DAY OF September, 2000.
READ A SECOND TIME THIS 12th DAY OF September, 2000.
READ A THIRD TIME THIS 12th DAY OF September, 2000.
RECONSIDERED AND ADOPTED THIS 26th DAY OF September, 2000.
Mayor
/
Certified a true copy of
Bylaw No. 605-2000.
Clerk
Clerk