3270 To authorize certain capital works of the corporation of the town of tillsonburg, to authorize the submission of an application to the Ontario infrastructure projects corporation ("OIPC") for financing such worksLower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
OIPC IS PROVIDING THIS DOCUMENT AS A GENERAL SERVICE TO
ONTARIO MUNICIPALITIES FOR INFORMATION PURPOSES ONLY. USE
OF THIS DOCUMENT OR ANY OTHER OIPC DOCUMENT DOES NOT IN
ANY WAY CREATE OR CONSTITUTE A SOLICITOR -CLIENT
RELATIONSHIP BETWEEN OIPC AND THE USER. NO
REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, ARE
GIVEN REGARDING THE USE OR APPROPRIATENESS OF THIS
DOCUMENT FOR ANY PARTICULAR PURPOSE. OIPC ACCEPTS NO
LIABILITY FOR ANY USE THAT YOU MAY MAKE OF THIS DOCUMENT
AND STRONGLY SUGGESTS THAT YOU HAVE YOUR OWN LAWYER
REVIEW YOUR DOCUMENTS TO CONFIRM THAT THEY MEET THE
NEEDS FOR WHICH THEY WERE PREPARED.
Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
THE CORPORATION OF THE TOWN OF TILLSONBURG
BY-LAW NO 3270
A BY-LAW TO AUTHORIZE CERTAIN CAPITAL WORKS OF THE
CORPORATION OF THE TOWN OF TILLSONBURG (THE
"MUNICIPALITY"); TO AUTHORIZE THE SUBMISSION OF AN
APPLICATION TO THE ONTARIO INFRASTRUCTURE PROJECTS
CORPORATION (6601PC99) FOR FINANCING SUCH WORKS AND
CERTAIN OTHER ONGOING WORKS; TO AUTHORIZE
TEMPORARY BORROWING FROM OIPC TO MEET
EXPENDITURES MADE IN CONNECTION WITH SUCH WORKS;
AND TO AUTHORIZE LONG TERM BORROWING FOR SUCH
WORKS THROUGH THE ISSUE OF DEBENTURES BY THE
COUNTY OF OXFORD (THE "UPPER -TIER MUNICIPALITY") TO
OI PC
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 WHEREAS the Council of the Lower -tier Municipality has passed the by-
laws enumerated in column (1) of Schedule "A" attached hereto and forming part of this By-
law "Schedule "A") authorizing the ongoing capital works described in column (2) of
Schedule "A" (individually, a "Project", collectively, the Projects) in the amount of the
respective estimated expenditure set out in column (3) of Schedule "A";
AND WHEREAS before the Council of the Lower -tier Municipality approved
each Project, in accordance with section 4 of Ontario Regulation 403/02, the Council of the
Lower -tier Municipality had its Treasurer update its most recent annual debt and financial
obligation limit received from the Ministry of Municipal Affairs and Housing (as so updated,
g
the "Prior Updated Limit"), and, on the basis of the authorized expenditure for each
Project as set out in column (3) of Schedule "A" (referred to hereinafter as the "Authorized
Expenditure" for each such Project) the Treasurer calculated the estimated annual amount
payable in respect of each Project and determined that the estimated annual amount
payable respect able in of each Project does not exceed the Prior Updated Limit, and
accordingly theapproval of the Ontario Municipal Board under the Ontario Municipal Board
Act (Ontario), as amended, was not required before any such Project was authorized by
Council;
AND WHEREAS subsection 405(1) of the Act provides that a municipality
may authorize temporary borrowing to meet expenditures made in connection with a work
to be financed in whole or in part by the issue of debentures if,
- 3 - Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
(a) the municipality is an upper -tier municipality, a lower -tier municipality in a
county or a single -tier municipality and it has approved the issue of
debentures for the work;
(b) the municipality is a lower -tier municipality in a regional municipality and it
has approved the work and the upper -tier municipality has approved the
issue of debentures for the work; or
(c) the municipality has approved the issue of debentures for another
municipality or a school board under section 404;
AND WHEREAS subsection 405(4) of the Act provides that a municipality
may delegate the power set out in subsection 405(1) to the head of council, to the
treasurer, or to both of them;
AND WHEREAS subsection 403(1) of the Act provides that a by-law of an
upper -tier municipality authorizing the issuing of debentures for the purposes or joint
purposes of one or more of its lower -tier municipalities may require those lower -tier
municipalities to make payments in each year to the upper -tier municipality in the amounts
and on the dates specified in the by-law;
AND WHEREAS subsection 401 (1) of the Act provides that a municipality
may incur a debt for municipal purposes, whether by borrowing money or in any other way,
and may issue debentures and prescribed financial instruments and enter prescribed
financial agreements for or in relation to the debt;
AND WHEREAS subsection 401(3) of the Act provides that alower-tier
municipality in a regional municipality does not have the power to issue debentures and
accordingly the Lower -tier Municipality intends that the Upper -tier Municipality will issue
debentures in respect of the Projects and will request that the Upper -tier Municipality do so;
AND WHEREAS the Act also provides that a municipality shall authorize long
term borrowing by the issue of debentures or through another municipality under section
403 or 404 of the Act and subsection 403(7) of the Act provides that all debentures issued
under a by-law passed by an upper -tier municipality under section 403 are direct, joint and
several obligations of the upper -tier municipality and its lower -tier municipalities;
AND WHEREAS OIPC has invited Ontario municipalities desirous of
obtaining temporary and long term debt financing in order to meet capital expenditures
incurred after December 31, 2003 in connection with eligible capital projects to make
application to OIPC for such financing by completing and submitting an application in the
form provided by OIPC;
AND WHEREAS the Lower -tier Municipality requested the Upper -tier
Municipality to issue debentures for the Projects and in this connection the Upper -tier
Municipality and the Lower -tier Municipality submitted an Application (hereinafter the
"Application") to OIPC to request financing in order to meet capital expenditures incurred
_ 4 - Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
after December 31, 2003 in connection with the Projects (the "Project Expenditures") by
way g of Ion term borrowing pursuant to section 403 of the Act through the issue of
debentures to OI PC and by way of temporary borrowing pursuant to section 405 of the Act,
AND WHEREAS OIPC has accepted and has approved such Application;
AND WHEREAS the Upper -tier Municipality has agreed to issue debentures
for the Projects to OIPC in the maximum aggregate principal amount of $3,763,290 (the
"Debentures"); and OIPC has indicated that pending the issue of the Debentures it will
p
rovide financingby way of temporary advances to the Lower -tier Municipality in respect of
the Projects;
AND WHEREAS the Lower -tier Municipality will enter into a financing
agreement with OIPC pursuant to the terms of which OIPC will provide temporary advances
to the Lower -tier Municipality in respect of the Projects;
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE
TOWN OF TI LLSONBU RG ENACTS AS FOLLOWS:
1. The Council of the Lower -tier Municipality hereby confirms, ratifies and approves the
completion by the Treasurer of the Application and the submission by such
authorized official of the Application, to OIPC, in cooperation with the Upper -tier
Municipality, for the financing of the Projects by way of temporary borrowing from
OIPC,endin the issue of Debentures, in the maximum aggregate principal
p g
amount of $3,763,290, substantially in the form of Schedule "B" attached hereto and
forming part of this By-law, with such changes thereon as such authorized official
approved.
2. The Mayor and the Treasurer are hereby authorized to negotiate and enter into,
execute and deliver for and on behalf of the Lower -tier Municipality a financing
agreement (a "Financing Agreement") with OIPC that provides for temporary
borrowing from OIPC in respect of the Projects on such terms and conditions as
such authorized officials may approve, such execution and delivery to be conclusive
evidence of such approval.
3. The Mayor and/or the Treasurer are hereby authorized, pending the substantial
completion of a Project or as otherwise agreed with OIPC, to make temporary
borrowings pursuant to section 405 of the Act in respect of such Project, on the
terms and conditions provided in the Financing Agreement and on such other terms
and conditions as such authorized officials may agree, and to sign such evidence of
indebtedness as OIPC may require (a "Note"); and the Treasurer is authorized to
sign such certifications as OIPC may require in connection with such borrowings in
respect of the Projects; provided that the amount of borrowings allocated to any
Project does not exceed the Authorized Expenditure for such Project and does not
exceed the loan amount set out in column (4) of Schedule "A" in respect of such
Project as appropriate.
_ 5 - Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
4. In accordance with the provisions of section 18 of the Ontario Infrastructure Projects
Corporation Act, 2006 (Ontario), as security for the payment by the Lower -tier
Municipality of any indebtedness of the Lower -tier Municipality to OIPC incurred
under the Note, and as security for the payment by the Lower -tier Municipality of any
indebtedness of the Lower -tier Municipality to the Upper -tier Municipality in respect
of Debentures issued for any Projects, the Lower -tier Municipality is hereby
authorized to agree in writing with OIPC that the Minister of Finance is entitled to
deduct from money appropriated by the Legislative Assembly of Ontario for payment
to the Lower -tier Municipality, or from money appropriated by the Assembly for
payment to the Lower -tier Municipality in respect of specified matters, amounts not
exceeding the amounts that the Lower -tier Municipality fails to pay to OIPC on
account of the outstanding indebtedness evidenced by the Note issued by the
Lower -tier Municipality to OIPC and on account of the outstanding indebtedness
evidenced by Debentures issued by the Upper -tier Municipality to OIPC for any
Projects, and to pay such amounts to OIPC.
5. For purposes of meeting the obligations of the Lower -tier Municipality in respect of
the Note and any Debentures issued by the Upper -tier Municipality to OI PC for any
Projects, the Lower -tier Municipality shall provide for raising in each year as part of
the general lower -tier levy the amounts of principal and interest payable in each year
under the Note or any such Debentures, to the extent that the amounts have not
been provided for by any other available source including other taxes or fees or
charges imposed on persons or property by a by-law of any municipality.
6. (a) The Mayor and/or the Treasurer are hereby authorized to execute and
deliver the Note, the Mayor and the Treasurer are hereby authorized to
enter into, execute and deliver the Financing Agreement, the Clerk and
Treasurer are hereby severally authorized to generally do all things and to
execute all other documents and papers in the name of the Lower -tier
Municipality in order to perform the obligations of the Lower -tier Municipality
under the Financing Agreement and the Note, and the Treasurer is
authorized to affix the Lower -tier Municipality's municipal seal to any such
documents and papers.
(b) The proceeds realized in respect of the Note after providing for the
expenses related to its execution and delivery, if any, shall be apportioned
and applied to the respective Projects and to no other purpose except as
permitted by the Act.
- 6 - Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
7. This By-law takes effect on the day of passing.
ENACTED AND PASSED this 25T" day of JUNE, A.D. 2007.
-OA 'YO R
C ERK
(1)
Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
Schedule "A"
to By -Law Number 3270
(Ongoing Projects)
(2)
(3) (4)
B -Law Description of Capital Work Estimated Loan,
Number/ Expenditure Amount
Proiect Number
-8- Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
3210/3238
2007 Ford F350 1 Ton
$52,700
$52,700
3210/3238
2007 Ford F250 Pick Up
$60,300
$60,300
2007 Ford Freestar Minivan
$23,700
$23,700
3210/3238
3210/3238
Olympia Ice Resurfacer
$72,463
$65,000
3210
GPS for Snow Equipment
$20,550
$20,550
3210/3238
Tennis Courts
$96,000
$96,000
Reverse Osmosis
$39,850
$39,850
3210/3238
3210/3238
Community Centre Lobby Floor
$16,040
$16.040
Tiles
3260
Community Arena Underfloor
$397,000
$379,563
Heating Cables and new Concrete
Floor
3260
Community Centre Arena -final
$190,000
$190,000
and new construction costs
$760,000
$71,100
3210/3238
Delevan Street
3210/3238
Roads Resurfacing -Baldwin, Ann,
X200,000
$75,000
Devonshire, Cedar, Duncan and
James Streets
3260
Quarterline Road, North Street to
$545,200
$545,200
North Town Limit
$403,000
$220,047
3260
Lincoln Street, Vienna to Cedar
Streets
Bridge Street Participark Pedestrian
$135,000
$135,000
3260
Bridge
3210
Edgewood Drive
$140,000
$140,000
3210
Glendale Drive, Poplar to Winona
$163,000
$163,000
Allen Street, Glendale - 90 Meters
$55,000
$55,000
3210
East of Glendale Drive
_ 9 - Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(ongoing Projects)
3210 Venison Street — Broadway to 90m $54,000
East of Broadway
3210 North Street Sidewalk — North
$719000
Broadway to Woodcock
Quarterline Road Sidewalk, Msgr
3210 O'Neil to Argyle Street $185,000
$18,620
$71,000
$185,000
3210
Maple Lane Reconstruction
$487,000
$349,527
3210
Concession Street Bridge
$259,200
$259,200
3210
Glendale Drive — Glenridge Drive to
$299,000
$53,333
Poplar Street
3210/3238
Airport Hangar Taxiway p g Y
$23,660
$23,660
3210/3238
Airport Lighting
$99050
$99000
3260
Computer Aided Dispatch System
$1689200
$1689200
3260
Radio Equipment
$25,300
$25,300
3260 Airport Hangar Taxiway
$50,000 $50,000
3210/3238 Airport Asphalt Runway $6,000 $6,000
3260 Library Software
$175,000 $125,000
3210/3238 Museum Carpet
$6,900 $6,900
3210/3238 Museum Courtyard Fencing $4,500 $4,500
3260 Customer Service HVAC units
$36,000 $36,000
3260
Public Works Air Quality $24,1000$24, 0 00
$5.253.613 $
_ 1 0 - Lower -tier By-law 3270
The Corporation of the Town of Tillsonburg
(Ongoing Projects)
Schedule "B"
to By -Law Number 3270
Please insert the OIPC Application into Schedule "B".
SUBMISSION
Review Access: • Public [.; Private
Committee: Open Council Presenter's Name: Director of Finance
Author: Darrell Eddington Presenter's Email:
Author's Email: Darrell Eddington/Tillsonburg Request: Resolution
Subject: By -Law 3270 - To Authorize Certain Cc: Michael Graves
Capital Works and to Authorize the
Submission of an Application to OIPC
Details:
�,
il
lawerongoingprojectborrowing 061907.doc 2067 Borrowing requirements 050907.xis 2007 annual repayment knit 061907.xls
treasurers certificate 061907.dcc
History
Wednesday June 20 2007 01:36 PM - Lana Lund/Tillsonburg
rook the following action: Submission has been approved. This submission has
been assigned to the committee "Open Council" who will be meeting on "Monday
June 25, 2007"
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The Corporation of. the Town of Tillsonburg
REPORT
DATE: June 19, 2007
TO: The Council of the Corporation of the Town of Tillsonburg
FROM: Darrell Eddington, CA
SUBJECT : CERTIFICATE OF TREASURER
I hereby certify that I have calculated an updated debt and financial obligation limit using the most recent
financial debt and obligation limit determined by the Ministry of Municipal Affairs in accordance with Ontario
Regulation 403/02.
That the Annual Repayment Limit for the Town of Tillsonburg effective June 19, 2007 is calculated to be
$1,466,062..
And that the issuance of debt for the subject works will not cause the Town of Tillsonburg to exceed its updated
debt and financial obligation limit.
Darrell Eddington, CA
Treasurer
CORPORATE OFFICE
200 Broadway, Tillsonburg, Ontario, N4G 5A7, Telephone # (519) 842-6428, Fax # (519) 842-9431
Web: www.town.till sonburg.on. ca
CADOCUME 1\11und\IACALS-1\Temp\notes166448\treasurers certificate 061907.doc
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Application ID: 7029 Program Year: 2007/2008
Application Submit Date: Jul -10-2007
A. GENERAL INFORMATION
Municipality Name: Oxford Co
Address: P.O. Box 397
415 Hunter Street
Name ofTreasurer: Lynn Buchner
Mun I D: 32000
City: Woodstock
Postal Code: Nos 3Y7
Fax No.: 519.537.3024
Telephone Number: 519.539.9800 x 3007 Email: Ibuchner@county.oxford.on.ca
GENERAL INFORMATION - LOWER TIER MUNICIPALITY
Municipality Name: Tillsonburg T
Address: 200 Broadway
Name of Treasurer: Darrell Eddington
M u n I D: 32004
City: Tillsonburg
Postal Code N4G 5A7
Fax No.: 519.842.9431
Telephone Number: 519.842.6428 x3251 Email: deddington@town.tillsonburg.
on.ca
B. CONTACT INFORMATION
Questions regarding the information contained in the application form should be addressed to:
Name: Lynn Buchner
Telephone: 519.539.9800 x3007
Email: Ibuchner@county.oxford.on.ca
C. PROJECT SUMMARY INFORMATION
No. Proiect Name Category
Title: Treasurer
Fax No.: 519.537.3024
Type Loan Amount
1
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
1
Roads Reconstruction Project 1
Municipal Roads
$146,100.00
Infrastructure
2
Road Reconstruction Project 2
Municipal Roads
$1,185,774.00
Infrastructure
3
Road Reconstruction Project 3
Municipal Roads
$614,953.00
Infrastructure
4
Bridge Street Participark Pedestrian
Municipal Bridges
$135,000.00
Bridge
Infrastructure
5
Concession Street Bridge
Municipal Bridges
$259,200.00
Infrastructure
6
Cultural Projects
Cultural Infrastructure
Other Culture
$136,400.00
Infrastructure
Project
7
Recreation Projects
Recreation Infrastructure
Municipal
$681,603.00
Indoor and
Outdoor
Capital
infrastructur
8
Misc Projects 2
Municipal Other
Others
$206,550.00
Infrastructure
9
Misc Projects 1
Municipal Other
Others
$139,210.00
Infrastructure
10
Misc Projects 3
Municipal Other
Others
$258,500.00
Infrastructure
Total Loan Amount
$37763,290.00
oil
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Municipal Roads Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Roads Reconstruction Project 1
Municipal Roads Infrastructure
Jun -01-2005
Jul -31-2006
Please indicate below if any aspect of the project pertains to energy conservation.
❑ Energy Conservation
Address of the project:
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the nroiect:
Baldwin Street, Ann Street,
Devonshire Ave, Cedar Street,
Duncan
Street, James Street
Delevan Crescent
road redevelopment
-esurfacing Baldwin Street, Ann Street, Devonshire Ave, Cedar Street, Duncan Street, James
street, Delevan Street
Additional comments:
What is the life span of the project in years? (i.e. the physical asset) 30
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
3
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Roads Reconstruction Project 1
Category Municipal Roads Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $960,000.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description
taxation
reserves
Total Amount (B)
OIPC Loan Amount (A -B)
Amount
$125,000.00
$688,900-00
$813,900-00
$146,100.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount
Oct -01-2007 $146,100.00
Total Long -Term Financing $146,100.00
Term (in years) Type
30 Serial
4
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Municipal Roads Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Road Reconstruction Project 2
Municipal Roads Infrastructure
Apr -02-2007
Sep -02-2008
Please indicate below if any aspect of the project pertains to energy conservation.
Energy Conservation
Address of the project:
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
)uarterline Road from North Street to North Town Limit
-incoln Street from Vienna Road to Cedar Street
Maple Lane from Concession St to Brock St
�lorth Street sidewalk from Broadway to Woodcock Dr
Additional comments:
Quarterline Road
Lincoln Street
Maple Lane
North Street
road redevelopment
What is the life span of the project in years? (i.e. the physical asset) 30
Please identify your Ministry contact (if applicable)
Ministry:
Contact Name:
Contact Phone:
5
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Road Reconstruction Project 2
Category Municipal Roads Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $1,506,200.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Amount
Federal Gas Tax $320,426.00
Total Amount (B) $320,426.00
OIPC Loan Amount (A -B) $111851774.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount
Sep -02-2008 $1,185,774.00
Total Long -Term Financing $1,185,774.00
Term (in years) Type
30 Serial
C:1
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Municipal Roads Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Road Reconstruction Project 3
Municipal Roads Infrastructure
Mar -01-2006
Oct -01-2007
Please indicate below if any aspect of the project pertains to energy conservation.
❑ Energy Conservation
Address of the project:
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
dgewood Drive - from Brock St to Baldwin St
'ilendale Drive - from Poplar St to Glenridge Drive
%Ilen Street - from Glendale
✓ension Street - east from Broadway
)uarterline Road - southwest Msgr O'Neil School of Argyle St
3lendale Drive - Glenridge Dr to Polpar St
Additional comments:
Edgewood Drive
Glendale Drive
Allen Street
Venison Street
Quarterline Road
Glendale Drive
road redevelopment
What is the life span of the project in years? (i.e. the physical asset) 130
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
7
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Road Reconstruction Project 3
Category Municipal Roads Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $896,000.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description
reserves
COMRIF and reserves
Total Amount (B)
OIPC Loan Amount (A -B)
Amount
$35,380.00
$245,667.00
$281,047.00
$614,953.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount
Oct -01-2007 $614,953.00
Total Long -Term Financing $614,953.00
Term (in years) Type
30 Serial
0
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Municipal Bridges Infrastructure
Project Name Bridge Street Participark Pedestrian Bridge
Category Municipal Bridges Infrastructure
Construction Start Date Jul -03-2007
Construction End Date Nov -30-2009
Please indicate below if any aspect of the project pertains to energy conservation.
Energy Conservation
Address of the project: Bridge Street to Wilson Ave
Type of work (e.g. new construction, renovation of existing pedestrian bridge redevelopment
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
3ridge Street Participark Pedestrian Bridge resurface
Additional comments:
What is the life span of the project in years? (i.e. the physical asset) 25
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
A
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Bridge Street Participark Pedestrian Bridge
Category Municipal Bridges Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $135,000.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Amount
Total Amount (B) $0.00
OIPC Loan Amount (A -B) $135,000.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount
Dec -01-2009 $135,000.00
Total Long -Term Financing $135,000.00
Term (in years) Type
25 Serial
im
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Municipal Bridges Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Concession Street Bridge
Municipal Bridges Infrastructure
Apr -02-2007
Jul -31-2007
Please indicate below if any aspect of the project pertains to energy conservation.
[❑ Energy Conservation
Address of the project: Concession Street
Type of work (e.g. new construction, renovation of existing redevelopment
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
.,oncession Street Bridge reconstruction
Additional comments:
What is the life span of the project in years? (i.e. the physical asset) 130
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
is
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Concession Street Bridge
Category Municipal Bridges Infrastructure
Project Financial Information
Please complete the Following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $259,200.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Amount
Total Amount (B) $0.00
OIPC Loan Amount (A -B) $259,200.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount
Oct -01-2007 $259,200.00
Total Long -Term Financing $259,200.00
Term (in years) Type
30 Serial
12
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Cultural Infrastructure
Project Name Cultural Projects
Category Cultural Infrastructure
Construction Start Date Jul -03-2007
Construction End Date Dec -31-2007
Please indicate the type of infrastructure project. Please select only one.
❑ Public Library
❑ Museum
❑ Cultural Centre
❑ Public Heritage Property
❑ Other Heritage Resource
❑ Lands Adjacent to Heritage Property (as defined in the Provincial
Policv Statement)
❑✓ Other Culture Infrastructure Project
'ublic Library and Museum
Please indicate below if any aspect of the project pertains to energy conservation.
Energy Conservation
Address of the project.-
Type
roject:
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
iew libary collection management software
Facility improvements to museum
Additional comments:
Library - 1 Library Lane,
Tillsonburg
Museum - Tillson Ave, Tillsonburg
new collection management
software and renovations
What is the life span of the project in years? (i.e. the physical asset) 110
Please identify your Ministry contact (If applicable)
Ministry:
13
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Contact Name:
Contact Phone:
14
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Cultural Projects
Category Cultural Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $186,400.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Amount
reserves $50,000.00
Total Amount (B) $50,000.00
OIPC Loan Amount (A -B) $136,400.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount Term (in years) Type
Jan -02-2008 $136,400.00 10 Serial
Tota! Long -Term Financing $136,400.00
15
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Recreation Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Recreation Projects
Recreation Infrastructure
Jan -02-2004
Dec -31-2007
Please indicate the type of infrastructure project. Please select only one.
✓❑ Municipal Indoor and Outdoor Capital infrastructure
❑ Public Parks and Public Trails
❑ Other Recreation Infrastructure Project
Please indicate below if any aspect of the project pertains to energy conservation.
❑ Energy Conservation
Address of the project: lCommunity Centre Arena Harvey
Street, Tillsonburg
Type of work (e.g. new construction, renovation of existing redevelopment
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
\rena underfloor heating cables and new concrete floor
Replacement of tennis courts
Replacement of existing floor tiles in Community Centre lobby
community Centre Arena final and new construction
Additional comments:
What is the life span of the project in years? (i.e. the physical asset) 25
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
ire
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Recreation Projects
Category Recreation Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $699,040.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Amount
taxation $17,437.00
Total Amount (B) $17,437.00
OIPC Loan Amount (A -B) $681,603.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount
Jan -02-2008 $681,603.00
Total Long -Term Financing $681,603.00
Term (in years) Type
25 Serial
17
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Municipal Other Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Misc Projects 2
Municipal Other Infrastructure
Jun -01-2006
Dec -31-2007
Please indicate the type of infrastructure project. Please select only one.
❑ Fire
❑ Police
❑Ambulance
F-1 Administration
✓� Others
rolling stock
facility improvements
Please indicate below if any aspect of the project pertains to energy conservation.
❑ Energy Conservation
Address of the project:
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
2007 Ford F350 1 Ton truck
2007 Ford F250 Pickup truck
2007 Ford Freestar Minivan
Public Works Office - improve indoor air quality
Reverse osmosis water clarity and ice quality system
Airport parking lot - new gravel surface
Additional comments:
corporate fleet
Public Works Office - Spruce
Street, Tillsonburg
Community Centre/Arena - Hardy
Ave, Tillsonburg
Tillsonburg Municipal Airport
new vehicles and facility
improvements
im
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
What is the life span of the project in years? (i.e. the physical asset) 110
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
EK
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Misc Projects 2
Category Municipal Other Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $206,550.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Amount
Total Amount (B) $0.00
OIPC Loan Amount (A -B) $206,550.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required
Amount
Term (in nears)
Type
Jan -02-2008
$206,550.00
10
Serial
Total Long -Term Financing $206,550.00
20
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Municipal Other Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Misc Projects 1
Municipal Other Infrastructure
Apr -03-2006
Nov -30-2007
Please indicate the type of infrastructure project. Please select only one.
❑ Fire
❑ Police
❑ Ambulance
❑ Administration
✓❑ Others
)eographic positioning system equipment for snow equipment
iew taxiway for new hanger
ighting replacement for runway
.,ustomer Service Centre replace failed HVAC units
Please indicate below if any aspect of the project pertains to energy conservation.
❑ Energy Conservation
Address of the project: corporate use
Type of work (e.g. new construction, renovation of existing Inew locating equipment
facilities, redevelopment, deferred maintenance, etc.):
Description of the iDroiect:
)eographic positioning system equipment for snow equipment
iew taxiway for new hanger
ighting replacement for runway
,ustomer Service Centre replace failed HVAC units
Additional comments:
What is the life span of the project in years? (i.e. the physical asset) 20
21
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
22
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Misc Projects 1
Category Municipal Other Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $139,260.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Amount
taxation $50.00
Total Amount (B) $50.00
OIPC Loan Amount (A -B) $139,210.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount
Dec -03-2007 $139,210.00
Total Long -Term Financing $139,210.00
Term (in years) Type
20 Serial
23
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Details - Municipal Other Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Misc Projects 3
Municipal Other Infrastructure
Oct -03-2005
Jul -31-2007
Please indicate the type of infrastructure project. Please select only one.
❑ Fire
❑ Police
❑Ambulance
❑ Administration
✓0 Others
,omputer Aided Dispatch System
Radio equipment
ce resurfacer
Please indicate below if any aspect of the project pertains to energy conservation.
❑ Energy Conservation
Address of the project: Concession Street Police
Headquarters, Tillsonburg
Type of work (e.g. new construction, renovation of existing new equipment
facilities, redevelopment, deferred maintenance, etc.):
Description of the proiect:
,omputer Aided Dispatch System for fire dispatch
Radio equipmentfor fire dispatch
Jlympia ice resurfacer
Additional comments:
What is the life span of the project in years? (i.e. the physical asset) �—
Please identify your Ministry contact (If applicable)
Ministry:
24
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Contact Name:
Contact Phone:
25
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
Project Information
Project Name Misc Projects 3
Category Municipal Other Infrastructure
Project Financial Information
Please complete the following Project Financial Information. Only include Project Costs
incurred on or after January 1, 2004. Project Funding/Financing represents funds that are
available (on hand) at the start of the project.
Project Cost (Incurred on or after Jan. 1, 2004) (A) $265,963.00
Project Funding/Financing
List present Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Amount
taxation $7,463.00
Total Amount (B) $7,463.00
OIPC Loan Amount (A -B) $258,500.00
Please enter your long-term borrowing requirements including the date the funds are
required. Only include long-term borrowing in this section. If you anticipate that you will
require short-term financing during the construction phase of the project, the information
will be gathered as part of the Financing Agreement.
Date Required Amount
Oct -01-2007 $258,500.00
Total Long -Term Financing $258,500.00
Term (in years) Type
5 Serial
26
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
D. DEBT AND REPAYMENT SUMMARY
2005 Financial Information Returns (FIR)
Please be aware that OIPC will be unable to complete the processing of your application until you
have filed your 2005 FIR with the Ministry of Municipal Affairs and Housing. If you have not filed
your 2005 FIR, you should submit your application to OIPC and send your 2005 FIR to MMAH as
soon as possible.
ARL
Please provide a copy of the borrower's most recent ARL issued by MMAH.
New Borrowing
Have you entered into any new borrowing, other than OIPC subsequent to the most recent FIR?
❑ Yes ✓❑ No
If Yes, please provide the following details in the table below.
Total Loan Amount — Total of all new long-term borrowing.
Total Payments Year X — Total interest and principal payments per year for all new borrowing.
Total Loan Amounts
Amortizing Debt
Year Principal Interest
2007
2008
2009
2010
2011
27
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
OIPC Loan Repayment Information
Please indicate the source(s) of revenue you plan to use to repay the OIPC Loan.
Source
Contribution to OIPC
Loan Payments M)
Taxation 100.00
User Fees
Service Charges
Development Charges
Connection Fees
Subsidies
Other
Tota I 100.00
Audited Financial Statements
Description of Other Source
A copy of the most recent audited financial statements must be attached with :his loan application.
28
ONTARIO INFRASTRUCTURE PROJECTS CORPORATION (OIPC)
LOAN APPLICATION
E. LITIGATION
Is there any litigation threatened or existing which would affect any projects or substantially
impair the borrower's ability to pay debt service costs on its general obligation indebtedness?
Please indicate Yes or No. ❑Yes ✓❑ No
Please complete the Certificate of Litigation template found under the Forms menu.
F. NON -REPAYMENT OF LOANS OR DEBENTURES
In the last 10 years, has the borrower ever failed to make a loan or debenture repayment on
time to any lender, including the Provincial Government? ❑ Yes ✓❑ No
If yes, please provide details. If necessary, attach details.
G. PROVINCIAL GRANTS AS SECURITY
Pursuant to OIPC's enabling legislation, provincial grants to the borrower may be appropriated by the Legislative
Assembly of Ontario for payment to OIPC to satisfy any outstanding amounts owed by the borrower to OIPC.
H. ATTACHMENTS
Please ensure all required documents are submitted with the signed application. OIPC requires originals as
noted below to be mailed or couriered. Unfortunately, we are unable to accept facsimiles of these documents.
Also, please retain a copy of all documents submitted to OIPC for your records.
Please indicate with a checkmark the documents (originals where indicated) that have been submitted to OIPC.
Fv� Completed application signed and dated by the appropriate individuals (original)
❑✓ Certified and sealed copy of OIPC template by-law authorizing project borrowing and applying for a loan
(original)
❑✓ Certificate of No Litigation using the OIPC template (original)
✓❑ Updated Certified Annual Repayment Limit Calculation (original)
❑ OMB approval if exceeding debt repayment limit, if applicable
Current Audited Financial Statements
❑ Capital Plan if applicable
Please note: OIPC retains the right to request and review any additional information or documents at
its discretion.
0 I acknowledge that I have read and understood the Project Delivery Guidelines/Requirements.
I require project management advice from OIPC. ❑ Yes ❑✓ No
29