Reserve and Reserve Fund Management Policy By-law

BY-LAW Number: 
2017-059
Summary: 

BEING A BY-LAW TO ESTABLISH A RESERVE AND RESERVE FUND MANAGEMENT POLICY


NOTICE:

For a complete version of this document, including all related materials, download the attached PDF:

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BL2017-058 Debt Management Policy.pdf870.81 KB
WHEREAS section 5(3) oftheMunicipalAct,2001,S.O.2001c.25,asamended,provides that a municipal power shall be exercised by by-law;
 
AND WHEREAS Council wishes to implement a policy with respect to the management of reserve and reserve funds;
 
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWNOF COLLINGWOODHEREBYENACTSASFOLLOWS:
 
1.    THAT the Policy entitled “Reserve and Reserve Fund Management Policy” appended hereto as Schedule “A” is hereby approved and adopted.
 
2.    THAT this By-law shall come into full force and effect on the date of final passage hereof at which time all By-laws and/or resolutions that are inconsistent with the provisions of this By-law and the same are hereby repealed or rescinded insofar as it is necessary to give effect to the provisions of this By-law.
 
ENACTED AND PASSED this 21st day of August, 2017.
 
 
 
___________________________
MAYOR
 
 
 
___________________________
CLERK
AttachmentSize
BL2017-058 Debt Management Policy.pdf870.81 KB