This site is in beta — data may be incomplete and features are still being added.
Council Meeting/Documents/Bylaw No. 960 - Capital Renewal Reserve Fund Bylaw, 2017
Bylaw

Bylaw No. 960 - Capital Renewal Reserve Fund Bylaw, 2017

January 17, 2017Page 1371 section

Bylaw establishing a reserve fund specifically for the rehabilitation and replacement of capital infrastructure.

10.b) Reserve and Surplus Policy and Bylaw No. 959, 960 and 961
Effective January 1, 2017

TOWN OF VIEW ROYAL

BYLAW NO. 960, 2017

A BYLAW OF THE TOWN OF VIEW ROYAL RELATING TO A RESERVE FUND FOR THE RENEWAL OF CAPITAL ASSETS

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

  1. This Bylaw is cited as the Capital Renewal Reserve Fund Bylaw, 2017.
  2. A Capital Renewal Reserve Fund is established for the specified purpose of depositing and using funds to provide for expenditures associated with the rehabilitation, renewal or replacement of existing capital infrastructure.
  3. Money in the Capital Renewal Reserve Fund, and interest earned on it, must be used only for the purpose of rehabilitation, renewal or replacement of existing Town of View Royal capital assets.
  4. This bylaw shall come into force and effect January 1, 2017.

READ A FIRST TIME THIS

READ A SECOND TIME THIS

READ A THIRD TIME THIS

ADOPTED BY COUNCIL, SIGNED BY THE MAYOR AND THE CLERK AND SEALED WITH THE SEAL OF THE TOWN OF VIEW ROYAL

MAYOR

CLERK

Page 137

Document Images

(1)
Document image
Extracted from: 2017 01 17 Council Agenda - Agenda - Pdf