WHEREAS the Municipal Act, 2001, S.O. 2001, c.25, as amended authorizes Council to enter into agreements;
AND WHEREAS Council wishes to assist with funding to provide new affordable housing;
AND WHEREAS 2313714 Ontario Inc. is a proponent to secure funding under the Investment in Affordable Housing (IAH) for Ontario Program, Rental Housing Component;
AND WHEREAS the Corporation of the County of Renfrew has been designated as a Service Manager, pursuant to the Housing Services Act, 2011;
AND WHEREAS the Corporation of the County of Renfrew has passed a By-law To Provide for Municipal Housing Facilities in conformity with Regulation 46/94 of the Municipal Act, 2001, S.O. 2001, c.25, as amended;
NOW THEREFORE the Council of the Corporation of the County of Renfrew enacts as follows:
1. THAT authority is hereby granted for the Warden and Clerk to execute the Contribution Agreement with 2313714 Ontario Inc.
2. THAT Schedule 1, attached hereto, being the Agreement, as to form and content, forms part of the By-law.
3. THAT this By-law shall come into force and take effect immediately upon the approval of County Council.
READ a first time this 29th day of March, 2012.
READ a second time this 29th day of March, 2012.
READ a third time and finally passed this 29th day of March, 2012.
ROBERT SWEET, WARDEN W. JAMES HUTTON, CLERK