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08-01 b ) THAT anyone or more of the Warden and the Chief Administrative Officer are hereby authorized to conclude contracts on behalf of the Municipality for the construction of the Project in accordance with the Municipality's usual protocol; 2. a) THAT construction of the Project in the amount of the respective Estimated Expenditure set out in Column (3) of Schedule "A" is hereby approved and authorized 1. THAT the Council of the Municipality hereby confirms, ratifies and approves the completion by the Director of Financial Services of an Application and the submission by such authorized official of an Application, duly executed by such authorized official, to OIPC for the funding of the Project in connection with the Municipal Infrastructure Investment Initiative in the maximum aggregate principal amount of $6,750,000 (the "Funding"). NOW THEREFORE enacts as follows: the Municipal Council of the Corporation of the County of Elgin WHEREAS the Municipality has submitted an Application funding for the Project; to OIPC WHEREAS OIPC has invited Ontario municipalities and Local Services Boards desirous of obtaining funding pursuant to the Municipal Infrastructure Investment Initiative in order to meet capital expenditures in connection with a new eligible capital project to apply to OIPC for such funding by completing and submitting an application through the form provided by OIPC (the "Application"); and to request WHEREAS it is now deemed to be expedient to authorize for the municipal purposes of the Municipality the new capital project described in Column (2) of Schedule "A" (the "Project") attached hereto as Schedule "A" and forming part of this By-Law, in the amount of the estimated expenditure set out in Column (3) of Schedule "A"; and WHEREAS on behalf of the Province of Ontario, OIPC will be administering the Municipal Infrastructure Investment Initiative available to Ontario municipalities and Local Services Boards for the purposes of new eligible municipal infrastructure initiative projects and WHEREAS the Province of Ontario has recently announced an investment of $300 Million Dollars for municipal infrastructure as a one-time grant for eligible municipal infrastructure initiatives to Ontario municipalities and Local Services Boards; and WHEREAS the Municipal Act, 2001 (Ontario), as amended, (the "Act") provides that a municipal power shall be exercised by by-law unless the municipality is specifically authorized to do otherwise; and ELIGIBLE CAPITAL PROJECT" THE MUNICIPALITY) AND TO APPROVE THE EXPENDITURE OF FUNDS ON SAID ELIGIBLE CAPITAL PROJECT OF THE CORPORATION OF THE COUNTY OF ELGIN FROM THE MUNICIPAL INFRASTRUCTURE INVESTMENT INITIATIVE FOR A NEW ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC) FOR FUNDING 'A BY-LAW TO AUTHORIZE THE SUBMISSION OF AN APPLICATION TO THE By-Law No. 08-01 COUNTY OF ELGIN READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 22ND DAY OF JANUARY 2008 takes effect on the day of passing 4. THAT a , Chief Administrative Officer. this By-Law ISylvia Hofhuis, Warden. 3. THAT the Municipal Council of the Corporation of the County of Elgin hereby confirms that the Funding will be applied and shall be used exclusively for financing the Project eligible under the Municipal Infrastructure Investment Initiative as set out in Schedule "A" to this By-Law and for no other purposes f) THAT the Director of Engineering Services, or such other official of the Municipality charged with the management of the Project, shall report semi-annually to the Council of the Municipality on the status of the Project; e) THAT where applicable, the construction of the Project shall be carried on and executed under the superintendence and according to the direction and orders of such Director of Engineering Services; and d) THAT where applicable, the Director of Engineering Services of the Municipality will forthwith make such plans, profiles and specifications and furnish such information as in the opinion of the Director of Engineering Services is necessary for the construction of the Project; c) THAT anyone or more of the Warden or the Director of Financial Services are hereby authorized to submit to OIPC or the Minister of Public Infrastructure Renewal on behalf of the Municipality such reports or other documents regarding the Project as may be requested in connection with the Municipal Infrastructure Investment Initiative; 2 6200-08-01 (1 ) Proiect Name 3 Schedule "A" By-Law Number 08-01 (2) (3) ,n of Eliaible Estimated alWork Expenditure Rehabilitation of $6,750,000 Calton Line 100% (4) Grant Amount