TOWN OF VIEW ROYAL BYLAW NO. 1116, 2023 - A BYLAW TO ESTABLISH A RESERVE FOR GROWING COMMUNITIES FUND

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 4th DAY OF APRIL, 2023

READ A SECOND TIME THIS 4th DAY OF APRIL, 2023

READ A THIRD TIME THIS 4th DAY OF APRIL, 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