MEMORANDUM DEC 18 1973

Mayor and Aldermen December 15th, 1978

R.A. Freeman
City Clerk

Re: Proposed Purchase of Fire Truck

-On the Council meeting agenda of December 18th, 1978 is a report from the Building
and Protection Committee dated December 15th, 1978 recommending that the Fire Truck
described therein be purchased for just slightly less than $210,000.00. As Council
is aware, the current By-law that contemplates the borrowing of money for the
purpose of purchasing a Fire Truck, No. 1641, is in the amount of -$195,000.00 and the
By-law shouid be amended to provide the new figure ef $210,000.00.

The amendments necessary may be accomplished by passage of the following
resolution:

-

"That third reading of By-law No. 1641 as given on November 20th, 1978 be rescinded;

THAT the said By-law be amended by striking out the figure "$195,000.00 where it
appears in the fourth recital thereof and substituting therefore the figure
"$210,000.00";

THAT the said By~law be further amended by striking out the words and figures
“One Hundred Ninety-five Thousand ($195,000.00) Dollars" where it appears in
Section 1 thereof and substituting therefore the words and figures ''Two Hundred

fen Thousand ($210,900.00) Dollars";

THAT the said By-law be further amended by striking out Section 2 thereof and
substituting the following:

"2, There shall be raised and levied during the currency of the
obligation hereby created by a rate sufficient therefore over and above all
other rates upon all land and improvements subject to taxation for general
municipal purposes in the municipality for the repayment of the principal
in the respective years the amount as follows, cogether with the payment
of the interest thereon:

Year Principal
$

1980 34,000.00

1981 38,000.00

1982 42,000. 00

1983 46,000.00

1984 50,000. 00

AND THAT the said By-law No. 1641, as amended, be read a third time."

o—~

COR Anvhn)

City Clerk