3004 To authorize the Mayor and Clerk to execute a Facade Improvement Agreement between the Town of Tillsonburg and G. Ronson's TV VideoCORPORATION OF THE
TOWN OF TILLSONBURG
BY-LAW NO. 3004
BEING A BY-LAW TO AUTHORIZE THE MAYOR
AND (:LERK TO EXECUTE A FACADE
IMPROVEMENT LOAN AGREEMENT BETWEEN
THE TOWN OF TILLSONBURG AND G. RONSON'S
TV VIDEO
WHEREAS Section 28(7) of the Planning Act of Ontario authorizes municipalities to make
loans to owners of lands and buildings with a Community Improvement Project Area to pay for
the whole or any pert of the c,,ost of rehabilitating such lands and buildings in conformity with a
Community Improvement PIC -in.
AND WHEREAS the Town has approved a Facade Improvement Loan as part of a Community
Improvement Plan within an area of downtown Tillsonburg which includes the said lands.
AND WHEREAS the Owner has applied to the Town for a facade improvement loan to
renovate and improve certain parts of the building on the said lands in accordance with plans
submitted to the Town in support of such application.
AND WHEREAS the Town has agreed to advance a loan to the Owner to carry out such
improvements on certain terms and conditions.
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF
TILLSONBURG IJNACTS AS FOLLOWS:
1. THAT the l✓Iayor and. CAO/Clerk be and are hereby authorized to endorse the Fagade
Improvement Loan Agreement between the Corporation of the Town of Tillsonburg and
G. Ronson' TV Video, Owner, attached hereto as Schedule "A".
2. THAT this By-law becomes effective on the date of passing.
READ A FIRST, SECOND AND THIRD TIME, AND FINALLY PASSED this 10th day of
DECEMBER, 200L
i
MA O CA /CLERK