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Council Meeting/Documents/TOWN OF VIEW ROYAL BYLAW NO. 1116, 2023 (Final for Readings)
Bylaw

TOWN OF VIEW ROYAL BYLAW NO. 1116, 2023 (Final for Readings)

April 4, 2023Page 3201 section

The formal copy of Bylaw No. 1116 prepared for first, second, and third readings by Council.

10.a Growing Communities Fund Reserve Establishment (Report)
Bylaw Number: 1116Action: Scheduled for three readings on April 4, 2023

TOWN OF VIEW ROYAL BYLAW NO. 1116, 2023

A BYLAW TO ESTABLISH A RESERVE FOR GROWING COMMUNITIES FUND

The Council of the Town of View Royal, in open meeting assembled, enacts as follows:

  1. This Bylaw is cited as the “Growing Communities Fund Reserve Bylaw No. 1116, 2023”.

  2. A Growing Communities Fund Reserve is established for the specified purpose of depositing and using funds received from the Province of British Columbia’s Growing Communities Fund program for community infrastructure and amenities, including acquiring land where it is wholly required for eligible infrastructure projects.

  3. Money in the Growing Communities Fund Reserve, and interest earned on it, must be used only for the purpose of funding capital infrastructure and amenities, and any associated planning, land, machinery, or equipment necessary including the extension or renewal of existing capital works.

  4. This bylaw expires and is of no further force and effect on the date the balance of the reserve is zero ($0.00).

READ A FIRST TIME THIS ______ DAY OF ________, 2023

READ A SECOND TIME THIS ______ DAY OF ________, 2023

READ A THIRD TIME THIS ______ DAY OF ________, 2023

ADOPTED BY COUNCIL, SIGNED BY THE MAYOR AND THE CORPORATE OFFICER AND SEALED WITH THE SEAL OF THE TOWN OF VIEW ROYAL THIS ______ DAY OF ________, 2023

MAYOR

CORPORATE OFFICER

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Extracted from: 2023 04 04 Council Agenda - Agenda - Pdf