WHEREAS the Corporation of the Municipality of East Ferris owns property described as Concession 9 PT Lot 29 PCL 1261 WF PCL 11709 WF;
AND WHEREAS the Municipality has been holding onto the property for economic development purposes;
AND WHEREAS staff are in the process of readying the said property for future economic development opportunities that may arise;
AND WHEREAS there is an opportunity to apply for funding through NOHFC’s Northern Community Capacity Building Program and through FedNor’s Northern Ontario Development Program (NODP) for the purpose of obtaining funding to assist with retaining professional services that will help make our land shovel ready and as attractive as possible for future investment opportunities;
AND WHEREAS the combined funding programs may cover up to 90% of eligible project costs, up to a maximum of $100,000, with the Municipality contributing 10% of that; however, the scope of this project will not reach the upper end of that contribution;
AND WHEREAS the Council of the Municipality of East Ferris will have the opportunity to review the funding agreement for final approval prior to any funds being spent or committed to being spent, if the applications are approved;
BE IT HEREBY RESOLVED that Council of the Municipality of East Ferris authorizes staff to submit applications to NOHFC’s Northern Community Capacity Building Program and FedNor’s Northern Ontario Development Program (NODP).