8 By-laws
Agenda item 8: By-laws --- Attachment: 5311-26 - A By-law to Authorize Long Term Borrowing - IO.pdf Source: https://helpos.ca/attachments/53d17dc0ad3cb8e73823fe945cd91aa1233b215c6a33525339c250d2056e5402/8-1-5311-26-a-by-law-to-authorize-long-term-borrowing-io-pdf.pdf Document # 1.G.i.1.a Single Tier / County / Lower Tier in a County Debenture Package (Single Issue) The Corporation of The County of Grey BY-LAW NUMBER 5311-26 A BY-LAW OF THE CORPORATION OF THE COUNTY OF GREY TO AUTHORIZE LONG-TERM BORROWING PURSUANT TO THE ISSUE OF DEBENTURES TO ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (“OILC”) IN THE PRINCIPAL AMOUNT OF $2,165,000.00 TOWARDS THE COST OF THE CAPITAL WORK(S) WHEREAS subsection 401 (1) of the Municipal Act, 2001, as amended (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 408 (2.1) of the Act provides that a municipality may issue a debenture or other financial instrument for long-term borrowing only to provide financing for a capital work; AND WHEREAS subsection 408 (3) of the Act provides that the term of a debt of a municipality or any debenture or other financial instrument for long-term borrowing issued for it shall not extend beyond the lifetime of the capital work for which the debt was incurred and shall not exceed 40 years; AND WHEREAS clause 408 (4)(a) of the Act provides that a debenture by-law shall provide for raising in each year as part of the general local municipality levy the amounts of principal and interest payable in each year under the by-law to the extent that the amounts have not been provided for by other taxes or by fees or charges imposed on persons or property by a by-law of any municipality, clause 408 (4)(b) provides that a debenture by-law shall provide for repayment of the principal in annual instalments and payment of the interest on the unpaid balance in one or more instalments in each year and clause 408 (4)(c) provides that a debenture by-law may provide for instalments of combined principal and interest; AND WHEREAS the Council of The Corporation of The County of Grey (the “Municipality”) has passed the By-law(s) enumerated in column (1) of Schedule “A” attached hereto and forming part of this By-law (‘Schedule “A”’) authorizing the capital work(s) described in column (2) of Schedule “A” (the “Capital Work(s)”), and authorizing the entering into a financing agreement or rate offer letter agreement with OILC, as applicable, for the provision of temporary borrowing from OILC, pending the issue of debentures, during the period of construction of the Capital Work(s), if applicable, and authorizing long-term borrowing from OILC through the issue of debentures for the Capital Work(s) in a principal amount which does not exceed the respective maximum debenture amount set out in column (3) of Schedule “A” (the “Maximum Debenture Amount”); AND WHEREAS before authorizing the Capital Work(s), and before authorizing any additional cost amount and any additional debenture authority in respect thereof, the Council of the Municipality had its Treasurer calculate an updated limit in respect of its most recent annual debt and financial obligation limit received from the Ministry of Municipal Affairs and Housing in accordance with the applicable regulation and, prior to the Council of the Municipality authorizing the Capital Work(s), each such additional cost amount (if any) and each such additional debenture authority (if any), the Treasurer determined that the estimated annual amount payable in respect of the Capital Work(s), each such additional cost amount (if any) and each such additional debenture authority (if any), would not cause the Municipality to exceed the updated limit and that the approval of the Capital Work(s), each such additional cost amount (if any) and each such additional debenture authority (if any), by the Ontario Land Tribunal pursuant to such regulation was not required; AND WHEREAS the Municipality has submitted an application to request long- term borrowing for the Capital Work(s) through the issue of debentures to OILC and, if applicable, to request temporary borrowing from OILC pending the issue of such debentures (the “Application”) and the Application has been approved; AND WHEREAS the Municipality wishes to issue debentures for the Capital Work(s) in the amount(s) specified in column (5) of Schedule “A”; AND WHEREAS to provide long-term financing for the Capital Work(s) and to repay certain temporary advances in respect of the Capital Work(s) (if any), it is now deemed to be expedient to borrow money by issuing debentures in the principal amount of $2,165,000.00, an amount that does not exceed the respective Maximum Debenture Amount in respect of the Capital Work(s), dated December 01, 2026 and maturing on December 01, 2041, payable in instalments of combined principal and interest on the specified dates and in the amounts as set out in Schedule “C” attached hereto and forming part of this By-law (‘Schedule “C”’), on the terms hereinafter set forth; NOW THEREFORE THE COUNCIL OF The Corporation of The County of Grey ENACTS AS FOLLOWS: 1.
This By-law Authorizes Borrowing in the Principal Amount Stated in the Instrument
The County of Grey enacted By-law 5311-26 to authorize long-term borrowing via debentures issued to Ontario Infrastructure and Lands Corporation for the principal amount specified in the document.
Municipality Registry and Debenture Transfer Rules
The debentures may contain registration provisions authorized by statute. The Municipality must maintain a registry recording holder names, addresses, and details of cancellations, exchanges, substitutions, and transfers using electronic media. The Municipality treats registered holders as absolute owners without liability for trusts or equities, deeming payments to them valid discharges. Payments go to all joint holders unless instructed otherwise, or to survivors upon death.
Corporation of the County of Grey Passed By-law Number 5311-26
The Corporation of The County of Grey passed By-law Number 5311-26 on November 12, 2026, to issue debentures in the amount of $2,165,000 to OILC for the Durham Paramedic Base capital work. The debenture carries an interest rate of 4.59% and matures on December 1, 2041. Proceeds from the sale are to be applied solely to the designated capital project.
Municipality Must Maintain a Registry for Debentures Using Electronic Media
The Municipality must maintain a registry for Debentures using electronic media to record holder details and transaction particulars. The Municipality treats registered holders as absolute owners, discharging liability upon payment to them without regard to trusts or equities. Principal and interest payments occur on specified dates via pre-authorized debit to the credit of registered holders on the relevant record date. Overdue amounts attract interest calculated at the greater of the Debenture rate plus 200 basis points or Prime Rate plus 200 basis points, plus associated costs.
Payments in Respect of Principal of and Interest on the Debentures Shall
The debentures are payable on business days in Toronto, transferable at the Treasurer's office with approved instruments, and replaceable upon loss or mutilation if costs and indemnities are provided. The Municipality bears transfer costs but may charge fees for substitutions due to theft or destruction, while early repayment triggers a Make-Whole Amount calculation based on Ontario Yield definitions.
Document Is a Fully Registered Debenture Issued by the Corporation
The document is a fully registered debenture issued by The Corporation of The County of Grey to Ontario Infrastructure and Lands Corporation for $2,165,000.00 at 4.59% interest per annum. Payments are scheduled from December 01, 2026 through maturity on December 01, 2041, with a total combined payment of $3,007,078.80.
Payments Are Scheduled Quarterly Starting March 01, 2027, with the First Payment
The document is a fully registered debenture issued by The Corporation of The County of Grey to the Ontario Infrastructure and Lands Corporation for a principal amount of CAD $2,165,000.00 at an interest rate of 4.59% with a term of 15 years maturing on December 01, 2041. Payments are scheduled quarterly starting March 01, 2027, with the first payment amounting to $50,117.98. The debenture is secured by a legal opinion confirming the By-law was properly passed and the obligation is direct, general, unsecured, and unsubordinated.
Municipality Debenture Interest, Payment, and Transfer Rules
The Municipality must pay overdue interest at a rate equal to the greater of the Schedule rate plus 200 basis points or Prime Rate plus 200 basis points, calculated daily until payment. Interest for partial periods uses actual days and a 365 or 366-day year. Payments occur on Toronto Business Days, moving to the next if closed. Debentures transfer at the Treasurer's office with approved instruments and receive new certificates upon registration.
Debenture Conditions State That Transfer Costs Are Borne by the Municipality
The debenture conditions state that transfer costs are borne by the Municipality, which must cancel surrendered instruments and enter registry particulars for new ones. The Municipality may impose fees for replacing mutilated or lost debentures and cheques. If the Municipality fails to pay debts or uses proceeds improperly, OILC can require early repayment of the Debenture. Notices are given in writing via mail or electronic means to registered addresses, with delivery on the next Business Day if the deadline falls on a non-Business Day.
Municipality Certifies Debenture Terms and Execution
The Municipality certifies that its debt limits were updated based on current interest rates and amortization periods not exceeding the lifetime of the capital works. The term of the issued debenture does not exceed the lifetime of the Capital Work(s), and the principal amount financed does not exceed the net cost or Maximum Debenture Amount. If OILC purchased the debenture before expenditures, funds received will pay capital expenditures up to the maximum limit. Money from the sale, including premiums and earnings, shall be apportioned solely to the Capital Work(s) as permitted by the Municipal Act, 2001.
County Appoints CEMC and Amends Traffic Schedules
By-law 5312-26 appoints Jeff Edwards of Phoenix Emergency Management Logic Inc. as the primary Community Emergency Management Coordinator for the County of Grey effective November 13, 2026.
Data Table Lists Specific Geographic Points on Grey Road 2, Grey Road
A data table lists specific geographic points on Grey Road 2, Grey Road 3, and King's Highway No. 21 within the Townships of Osprey, Feversham, Ayton, Sullivan, Jackson, and Keady, along with associated speed values in kilometres per hour.
Grey Road 4 Speed Limits Range from 50 to 70 Kilometres
The source material lists proposed speed limits for Grey Roads 4 through 10 between specific intersections and points.
Traffic Schedule Amendment for Grey Road 12
A data table lists speed limits for Grey Road 12 between Markdale and Meaford, specifying rates of 50 to 70 kilometres per hour at designated points along the route.
Document Provides a Table of Proposed Changes Listing Specific Locations and Corresponding
The document provides a table of proposed changes listing specific locations and corresponding speed limits for Grey Roads 12, 13, 14, 15, 16, 17, 17B, 18, 19, 21, and 25.
Proposed Speed Limit Changes on Grey Road
The agenda item lists proposed speed limit changes for Grey Road segments between specific intersections and points along Concession roads.
Council Confirms Proceedings Amending Speed Limits and Safety Zones
The by-law confirms all actions and proceedings of Council from November 12 regarding amendments to Schedule P of By-law 4788-13. The confirmed changes include proposed speed limit adjustments on Grey Road segments in the Township of Sullivan, Chatsworth, Blue Mountains, Holstein, Thornbury, Ravenna, Banks, Singhampton, Shallow Lake, and Osprey. Additionally, Community Safety Zones are established for specific locations including Ravenna, Feversham, Hanover, Priceville, Ceylon, Maxwell, Kilsyth, Meaford, Griersville, Dundalk, Neustadt, Clarksburg, Thornbury, Heathcote, Kimberley, Eugenia, Cedarville, Durham, Bognor, Walters Falls, and Grey Highlands.
Council Enacted a By-law Adopting Actions from Meetings Held Through October 22
Council enacted a by-law adopting actions from meetings held through October 22, 2026, and directed officers to execute necessary documents.
Agenda item 8: By-laws
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Attachment: 5311-26 - A By-law to Authorize Long Term Borrowing - IO.pdf
Source: https://helpos.ca/attachments/53d17dc0ad3cb8e73823fe945cd91aa1233b215c6a33525339c250d2056e5402/8-1-5311-26-a-by-law-to-authorize-long-term-borrowing-io-pdf.pdf
Document # 1.G.i.1.a
Single Tier / County / Lower Tier in a County
Debenture Package (Single Issue)
The Corporation of The County of Grey
BY-LAW NUMBER 5311-26
A BY-LAW OF THE CORPORATION OF THE COUNTY OF
GREY TO AUTHORIZE LONG-TERM BORROWING
PURSUANT TO THE ISSUE OF DEBENTURES TO ONTARIO
INFRASTRUCTURE AND LANDS CORPORATION (“OILC”) IN
THE PRINCIPAL AMOUNT OF $2,165,000.00 TOWARDS THE
COST OF THE CAPITAL WORK(S)
WHEREAS subsection 401 (1) of the Municipal Act, 2001, as amended (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 408 (2.1) of the Act provides that a municipality
may issue a debenture or other financial instrument for long-term borrowing only to provide
financing for a capital work;
AND WHEREAS subsection 408 (3) of the Act provides that the term of a debt
of a municipality or any debenture or other financial instrument for long-term borrowing
issued for it shall not extend beyond the lifetime of the capital work for which the debt was
incurred and shall not exceed 40 years;
AND WHEREAS clause 408 (4)(a) of the Act provides that a debenture by-law
shall provide for raising in each year as part of the general local municipality levy the
amounts of principal and interest payable in each year under the by-law to the extent that the
amounts have not been provided for by other taxes or by fees or charges imposed on
persons or property by a by-law of any municipality, clause 408 (4)(b) provides that a
debenture by-law shall provide for repayment of the principal in annual instalments and
payment of the interest on the unpaid balance in one or more instalments in each year and
clause 408 (4)(c) provides that a debenture by-law may provide for instalments of combined
principal and interest;
AND WHEREAS the Council of The Corporation of The County of Grey (the
“Municipality”) has passed the By-law(s) enumerated in column (1) of Schedule “A” attached
hereto and forming part of this By-law (‘Schedule “A”’) authorizing the capital work(s)
described in column (2) of Schedule “A” (the “Capital Work(s)”), and authorizing the entering
into a financing agreement or rate offer letter agreement with OILC, as applicable, for the
provision of temporary borrowing from OILC, pending the issue of debentures, during the
period of construction of the Capital Work(s), if applicable, and authorizing long-term
borrowing from OILC through the issue of debentures for the Capital Work(s) in a principal
amount which does not exceed the respective maximum debenture amount set out in column
(3) of Schedule “A” (the “Maximum Debenture Amount”);
AND WHEREAS before authorizing the Capital Work(s), and before authorizing
any additional cost amount and any additional debenture authority in respect thereof, the
Council of the Municipality had its Treasurer calculate an updated limit in respect of its most
recent annual debt and financial obligation limit received from the Ministry of Municipal Affairs
and Housing in accordance with the applicable regulation and, prior to the Council of the
Municipality authorizing the Capital Work(s), each such additional cost amount (if any) and
each such additional debenture authority (if any), the Treasurer determined that the
estimated annual amount payable in respect of the Capital Work(s), each such additional cost
amount (if any) and each such additional debenture authority (if any), would not cause the
Municipality to exceed the updated limit and that the approval of the Capital Work(s), each
such additional cost amount (if any) and each such additional debenture authority (if any), by
the Ontario Land Tribunal pursuant to such regulation was not required;
AND WHEREAS the Municipality has submitted an application to request long-
term borrowing for the Capital Work(s) through the issue of debentures to OILC and, if
applicable, to request temporary borrowing from OILC pending the issue of such debentures
(the “Application”) and the Application has been approved;
AND WHEREAS the Municipality wishes to issue debentures for the Capital
Work(s) in the amount(s) specified in column (5) of Schedule “A”;
AND WHEREAS to provide long-term financing for the Capital Work(s) and to
repay certain temporary advances in respect of the Capital Work(s) (if any), it is now deemed
to be expedient to borrow money by issuing debentures in the principal amount of
$2,165,000.00, an amount that does not exceed the respective Maximum Debenture Amount
in respect of the Capital Work(s), dated December 01, 2026 and maturing on December 01,
2041, payable in instalments of combined principal and interest on the specified dates and in
the amounts as set out in Schedule “C” attached hereto and forming part of this By-law
(‘Schedule “C”’), on the terms hereinafter set forth;
NOW THEREFORE THE COUNCIL OF The Corporation of The County of Grey
ENACTS AS FOLLOWS:
1. The submission of the Application and the execution of the financing agreement or
the rate offer letter agreement with OILC, as applicable, in relation to the Capital
Work(s) by the Municipality are hereby confirmed, ratified and approved. For the
Capital Work(s), the borrowing upon the credit of the Municipality at large of the
principal amount of $2,165,000.00, an amount that does not exceed the respective
Maximum Debenture Amount in respect of the Capital Work(s), and the issue of
debentures therefor to be repaid in instalments of combined principal and interest as
set out in Schedule “C”, are hereby authorized.
2. The Head of Council and the Treasurer of the Municipality are hereby authorized to
cause any number of debentures to be issued for such amounts of money as may
be required for the Capital Work(s) in definitive form, not exceeding in total the said
aggregate principal amount of $2,165,000.00, an amount that does not exceed the
respective Maximum Debenture Amount in respect of the Capital Work(s) (the
“Debentures”). The Debentures shall bear the Municipality’s municipal seal and the
signatures of the Head of Council and the Treasurer of the Municipality, all in
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accordance with the provisions of the Act. The municipal seal of the Municipality
and the signatures referred to in this section may be printed, lithographed, engraved
or otherwise mechanically reproduced. The Debentures are sufficiently signed if
they bear the required signatures and each person signing has the authority to do
so on the date he or she signs.
3. The Debentures shall be initially issued as a single certificate in fully registered form
in the principal amount of $2,165,000.00, in the name of OILC, or as OILC may
otherwise direct, substantially in the form attached as Schedule “B” hereto and
forming part of this By-law (“OILC Debenture”) with provision for payment of
principal and interest (other than in respect of the final payment of principal and
outstanding interest on maturity upon presentation and surrender) by pre-authorized
debit in respect of such principal and interest to the credit of such registered holder
on such terms as to which the registered holder and the Municipality may agree.
4. In accordance with the provisions of section 25 of the Ontario Infrastructure and
Lands Corporation Act, 2011, as amended from time to time hereafter, the
Municipality is hereby authorized to agree in writing with OILC that the Minister of
Finance is entitled, without notice to the Municipality, to deduct from money
appropriated by the Legislative Assembly of Ontario for payment to the Municipality,
amounts not exceeding any amounts that the Municipality fails to pay OILC on
account of any unpaid indebtedness of the Municipality to OILC under the
Debentures and to pay such amounts to OILC from the Consolidated Revenue
Fund.
5. The Debentures shall all be dated December 01, 2026, and as to both principal and
interest shall be expressed and be payable in lawful money of Canada. The
Debentures shall bear interest at the rate of interest as set out in Schedule “C” and
shall be paid in full by December 01, 2041. Interest shall be payable in arrears as
part of the instalments of combined principal and interest payable on the specified
dates and in the amounts set out in Schedule “C”.
6. Payments in respect of principal of and interest on the Debentures shall be made
only on a day, other than Saturday or Sunday, on which banking institutions in
Toronto, Ontario, Canada and the Municipality are not authorized or obligated by
law or executive order to be closed (a “Business Day”) and if any date for payment
is not a Business Day, payment shall be made on the next following Business Day.
7. Interest shall be payable to the date of maturity of the Debentures and on default
shall be payable on any overdue amount both before and after default and judgment
at a rate per annum equal to the greater of the rate specified on the Schedule as
attached to and forming part of the Debentures for such amount plus 200 basis
points or Prime Rate (as defined below) plus 200 basis points, calculated on a daily
basis from the date such amount becomes overdue for so long as such amount
remains overdue and the Municipality shall pay to the registered holders any and all
costs incurred by the registered holders as a result of the overdue payment. Any
amount payable by the Municipality as interest on overdue principal or interest and
all costs incurred by the registered holders as a result of the overdue payment in
respect of the Debentures shall be paid out of current revenue. Whenever it is
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necessary to compute any amount of interest in respect of the Debentures for a
period of less than one full year, other than with respect to regular interest
payments, such interest shall be calculated on the basis of the actual number of
days in the period and a year of 365 days or 366 days as appropriate.
“Prime Rate” means, on any day, the annual rate of interest which is the arithmetic
mean of the prime rates announced from time to time by the following five major
Canadian Schedule I banks, as of the issue date of the Debentures: Royal Bank of
Canada; Canadian Imperial Bank of Commerce; The Bank of Nova Scotia; Bank of
Montreal; and The Toronto-Dominion Bank (the “Reference Banks”) as their
reference rates in effect on such day for Canadian dollar commercial loans made in
Canada. If fewer than five of the Reference Banks quote a prime rate on such days,
the “Prime Rate” shall be the arithmetic mean of the rates quoted by those
Reference Banks.
8. In each year in which payments of principal and interest in respect of the Capital
Work(s) become due, there shall be raised as part of the Municipality’s general
municipal levy the amounts of principal and interest payable by the Municipality in
each year as set out in Schedule “C” 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.
9. The Debentures may contain any provision for their registration thereof authorized
by any statute relating to municipal debentures in force at the time of the issue
thereof.
10. The Municipality shall maintain a registry in respect of the Debentures in which shall
be recorded the names and the addresses of the registered holders and particulars
of the Debentures held by them respectively and in which particulars of the
cancellations, exchanges, substitutions and transfers of Debentures, may be
recorded and the Municipality is authorized to use electronic, magnetic or other
media for records of or related to the Debentures or for copies of them.
11. The Municipality shall not be bound to see to the execution of any trust affecting the
ownership of any Debenture or be affected by notice of any equity that may be
subsisting in respect thereof. The Municipality shall deem and treat registered
holders of the Debentures, including the OILC Debenture, as the absolute owners
thereof for all purposes whatsoever notwithstanding any notice to the contrary and
all payments to or to the order of registered holders shall be valid and effectual to
discharge the liability of the Municipality on the Debentures to the extent of the
amount or amounts so paid. When a Debenture is registered in more than one
name, the principal of and interest from time to time payable on such Debenture
shall be paid to or to the order of all the joint registered holders thereof, failing
written instructions to the contrary from all such joint registered holders, and such
payment shall constitute a valid discharge to the Municipality. In the case of the
death of one or more joint registered holders, despite the foregoing provisions of
this section, the principal of and interest on any Debentures registered in their
names may be paid to the survivor or survivors of such holders and such payment
shall constitute a valid discharge to the Municipality.
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12. The Debentures will be transferable or exchangeable at the office of the Treasurer
of the Municipality upon presentation for such purpose accompanied by an
instrument of transfer or exchange in a form approved by the Municipality and which
form is in accordance with the prevailing Canadian transfer legislation and practices,
executed by the registered holder thereof or such holder’s duly authorized attorney
or legal personal representative, whereupon and upon registration of such transfer
or exchange and cancellation of the Debenture or Debentures presented, the Head
of Council and the Treasurer shall issue and deliver a new Debenture or
Debentures of an equal aggregate principal amount in any authorized denomination
or denominations as directed by the transferor, in the case of a transfer or as
directed by the registered holder in the case of an exchange.
13. The Head of Council and the Treasurer shall issue and deliver new Debentures in
exchange or substitution for Debentures outstanding on the registry with the same
maturity and of like form which have become mutilated, defaced, lost, subject to a
mysterious or unexplainable disappearance, stolen or destroyed, provided that the
applicant therefor shall have: (a) paid such costs as may have been incurred in
connection therewith; (b) (in the case when a Debenture is mutilated, defaced, lost,
mysteriously or unexplainably missing, stolen or destroyed) furnished the
Municipality with such evidence (including evidence as to the certificate number of
the Debenture in question) and an indemnity in respect thereof satisfactory to the
Municipality in its discretion; and (c) surrendered to the Municipality any mutilated or
defaced Debentures in respect of which new Debentures are to be issued in
substitution.
14. The Debentures issued upon any registration of transfer or exchange or in
substitution for any Debentures or part thereof shall carry all the rights to interest if
any, accrued and unpaid which were carried by such Debentures or part thereof and
shall be so dated and shall bear the same maturity date and, subject to the
provisions of this By-law, shall be subject to the same terms and conditions as the
Debentures in respect of which the transfer, exchange or substitution is effected.
15. The cost of all transfers and exchanges, including the printing of authorized
denominations of the new Debentures, shall be borne by the Municipality. When
any of the Debentures are surrendered for transfer or exchange the Treasurer of the
Municipality shall: (a) in the case of an exchange, cancel and destroy the
Debentures surrendered for exchange; (b) in the case of an exchange, certify the
cancellation and destruction in the registry; (c) enter in the registry particulars of the
new Debenture or Debentures issued in exchange; and (d) in the case of a transfer,
enter in the registry particulars of the registered holder as directed by the transferor.
16. Reasonable fees in respect of the Debentures, in the normal course of business,
other than reasonable fees for the substitution of a new Debenture or new
Debentures for any of the Debentures that are mutilated, defaced, lost, mysteriously
or unexplainably missing, stolen or destroyed and for the replacement of any of the
principal and interest cheques (if any) that are mutilated, defaced, lost, mysteriously
or unexplainably missing, stolen or destroyed may be imposed by the Municipality.
When new Debentures are issued in substitution in these circumstances the
Municipality shall: (a) treat as cancelled and destroyed the Debentures in respect of
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which new Debentures will be issued in substitution; (b) certify the deemed
cancellation and destruction in the registry; (c) enter in the registry particulars of the
new Debentures issued in substitution; and (d) make a notation of any indemnities
provided.
17. Except as otherwise expressly provided herein, any notice required to be given to a
registered holder of one or more of the Debentures will be sufficiently given if it is in
writing and a copy of such notice is mailed or otherwise delivered, including delivery
by electronic means, to the registered address of such registered holder.
18. The Head of Council and the Treasurer are hereby authorized to cause the
Debentures to be issued, one or more of the Clerk and Treasurer are hereby
authorized to generally do all things and to execute all other documents and other
papers in the name of the Municipality in order to carry out the issue of the
Debentures and the Treasurer is authorized to affix the Municipality’s municipal seal
to any of such documents and papers.
19. The money received by the Municipality from the sale of the Debentures to OILC,
including any premium, and any earnings derived from the investment of that
money, after providing for the expenses related to their issue, if any, shall be
apportioned and applied to the Capital Work(s) and to no other purpose except as
permitted by the Act.
20. Subject to the Municipality’s investment policies and goals, or its investment policy,
as applicable, the applicable legislation and the terms and conditions of the
Debentures, the Municipality may, if not in default under the Debentures, at any time
purchase any of the Debentures in the open market or by tender or by private
contract at any price and on such terms and conditions (including, without limitation,
the manner by which any tender offer may be communicated or accepted and the
persons to whom it may be addressed) as the Municipality may in its discretion
determine.
21. This By-law takes effect on the day of passing.
By-law read a first and second time this 12th day of November, 2026
By-law read a third time and finally passed this 12th day of November, 2026
_________________________________ ____________________________________
Andrea Matrosovs Tara Warder
Warden Clerk
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The Corporation of The County of Grey
Schedule “A” to By-law Number 5311-26
(1) (2) (3) (4) (5) (6)
Amount of
Maximum Amount of Term of
Capital Work Debentures
By-law Debenture Debentures Years of
Description Previously
Amount to be Issued Debentures
Issued
5296-26 Durham $2,195,300.00 $0.00 $2,165,000.00 15 year(s)
Paramedic
Base
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The Corporation of The County of Grey
Schedule “B” to By-law Number 5311-26
No. 5311-26 $2,165,000.00
CANADA
Province of Ontario
The Corporation of The County of Grey
FULLY REGISTERED 4.59% DEBENTURE
The Corporation of The County of Grey (the “Municipality”), for value received, hereby
promises to pay to
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (“OILC”)
or registered assigns, subject to the Conditions attached hereto which form part hereof (the
“Conditions”), upon presentation and surrender of this debenture (or as otherwise agreed to
by the Municipality and OILC) by the maturity date of this debenture (December 01, 2041),
the principal amount of
TWO MILLION ONE HUNDRED SIXTY FIVE THOUSAND DOLLARS
----------------------------------- ($2,165,000.00)---------------------------------
payable on the specified dates and in the amounts set forth in the attached Amortization
Schedule (the “Amortization Schedule”) and subject to late payment interest charges
pursuant to the Conditions, in lawful money of Canada. Subject to the Conditions: interest
shall be paid until the maturity date of this debenture, in like money as part of the instalments
of combined principal and interest from the closing date (December 01, 2026), or from the
last date on which interest has been paid on this debenture, whichever is later, at the rate of
4.59% per annum, in arrears, on the specified dates and in the amounts as set forth in the
Amortization Schedule; and interest shall be paid on default at the applicable rate set out in
the Amortization Schedule, or the Conditions, as applicable, both before and after default and
judgment. Provided there is no default, the amounts of the payments of combined
instalments of principal and interest and the specified dates on which they are payable in
each year are shown in the Amortization Schedule.
The Municipality, pursuant to section 25 of the Ontario Infrastructure and Lands Corporation
Act, 2011 (the “OILC Act, 2011”) hereby irrevocably agrees that the Minister of Finance is
entitled, without notice to the Municipality, to deduct from money appropriated by the
Legislative Assembly of Ontario for payment to the Municipality, amounts not exceeding any
amounts that the Municipality fails to pay OILC on account of any unpaid indebtedness
under this debenture, and to pay such amounts to OILC from the Consolidated Revenue
Fund.
8 of 29
This debenture is subject to the Conditions.
DATED at the office of the Municipality as of the 1st day of December, 2026
IN TESTIMONY WHEREOF and under the authority of By-law Number 5311-26 of the
Municipality duly passed on the 12th day of November, 2026 (the “By-law”), this debenture is
sealed with the municipal seal of the Municipality and signed by the Warden and by the
Treasurer thereof.
Date of Registration: December 01, 2026
[NTD: SIGNATURE NOT REQUIRED ON FORM OF CERTIFICATE] [NTD: SIGNATURE NOT REQUIRED ON FORM OF CERTIFICATE]
___________________________ (Seal) _________________________
Andrea Matrosovs, Warden Susan Murray, Interim Treasurer
OILC hereby agrees that the Minister of Finance is entitled to exercise certain rights of deduction pursuant to section
25 of the OILC Act, 2011 as described in this debenture.
Ontario Infrastructure and Lands Corporation
by: ____________________________________ by:_________________________________________
Authorized Signing Officer Authorized Signing Officer
9 of 29
LEGAL OPINION
We have examined the By-law of the Municipality authorizing the issue of
debentures in the principal amount of $2,165,000.00 dated December 01, 2026
and maturing on December 01, 2041 payable in instalments of combined principal
and interest on the specified dates and in the amounts as set out in Schedule “C”
to the By-law.
In our opinion, the By-law has been properly passed and is within the legal powers
of the Municipality. The debenture issued under the By-law in the within form (the
“Debenture”) is the direct, general unsecured and unsubordinated obligation of the
Municipality. The Debenture is enforceable against the Municipality subject to the
special jurisdiction and powers of the Ontario Land Tribunal over defaulting
municipalities under the Municipal Affairs Act. This opinion is subject to and
incorporates all the assumptions, qualifications and limitations set out in our
opinion letter.
December 01, 2026
Barriston LLP
[no signature required]
10 of 29
CONDITIONS OF THE DEBENTURE
Form, Denomination, and Ranking of the Debenture
1. The debentures issued pursuant to the By-law (collectively the “Debentures” and
individually a “Debenture”) are issuable as fully registered Debentures without
coupons.
2. The Debentures are direct, general unsecured and unsubordinated obligations of the
Municipality. The Debentures rank concurrently and equally in respect of payment of
principal and interest with all other debentures of the Municipality except for the
availability of money in a sinking or retirement fund for a particular issue of
debentures.
3. This Debenture is one fully registered Debenture registered in the name of OILC and
held by OILC.
Registration
4. The Municipality shall maintain at its designated office a registry in respect of the
Debentures in which shall be recorded the names and the addresses of the registered
holders and particulars of the Debentures held by them respectively and in which
particulars of cancellations, exchanges, substitutions and transfers of Debentures,
may be recorded and the Municipality is authorized to use electronic, magnetic or
other media for records of or related to the Debentures or for copies of them.
Title
5. The Municipality shall not be bound to see to the execution of any trust affecting the
ownership of any Debenture or be affected by notice of any equity that may be
subsisting in respect thereof. The Municipality shall deem and treat registered holders
of Debentures, including this Debenture, as the absolute owners thereof for all
purposes whatsoever notwithstanding any notice to the contrary and all payments to or
to the order of registered holders shall be valid and effectual to discharge the liability of
the Municipality on the Debentures to the extent of the amount or amounts so paid.
Where a Debenture is registered in more than one name, the principal of and interest
from time to time payable on such Debenture shall be paid to or to the order of all the
joint registered holders thereof, failing written instructions to the contrary from all such
joint registered holders, and such payment shall constitute a valid discharge to the
Municipality. In the case of the death of one or more joint registered holders, despite
the foregoing provisions of this section, the principal of and interest on any Debentures
registered in their names may be paid to the survivor or survivors of such holders and
such payment shall constitute a valid discharge to the Municipality.
11 of 29
Payments of Principal and Interest
6. The record date for purposes of payment of principal of and interest on the Debentures
is as of 5:00 p.m. on the sixteenth calendar day preceding any payment date including
the maturity date. Principal of and interest on the Debentures are payable by the
Municipality to the persons registered as holders in the registry on the relevant record
date. The Municipality shall not be required to register any transfer, exchange or
substitution of Debentures during the period from any record date to the corresponding
payment date.
7. The Municipality shall make all payments on the Debentures on the payment dates as
set out in Schedule “C” to the By-law, by pre-authorized debit in respect of such
interest and principal to the credit of the registered holder on such terms as the
Municipality and the registered holder may agree.
8. The Municipality shall pay to the registered holder interest on any overdue amount of
principal or interest in respect of any Debenture, both before and after default and
judgment, at a rate per annum equal to the greater of the rate specified on the
Schedule as attached to and forming part of the Debenture for such amount plus 200
basis points or Prime Rate (as defined below) plus 200 basis points, calculated on a
daily basis from the date such amount becomes overdue for so long as such amount
remains overdue and the Municipality shall pay to the registered holder any and all
costs incurred by the registered holder as a result of the overdue payment.
9. Whenever it is necessary to compute any amount of interest in respect of the
Debentures for a period of less than one full year, other than with respect to regular
interest payments, such interest shall be calculated on the basis of the actual number
of days in the period and a year of 365 days or 366 days as appropriate.
10. Payments in respect of principal of and interest on the Debentures shall be made only
on a day, other than Saturday or Sunday, on which banking institutions in Toronto,
Ontario, Canada and the Municipality are not authorized or obligated by law or
executive order to be closed (a “Business Day”), and if any date for payment is not a
Business Day, payment shall be made on the next following Business Day.
11. The Debentures are transferable or exchangeable at the office of the Treasurer of the
Municipality upon presentation for such purpose accompanied by an instrument of
transfer or exchange in a form approved by the Municipality and which form is in
accordance with the prevailing Canadian transfer legislation and practices, executed
by the registered holder thereof or such holder’s duly authorized attorney or legal
personal representative, whereupon and upon registration of such transfer or
exchange and cancellation of the Debenture or Debentures presented, a new
Debenture or Debentures of an equal aggregate principal amount in any authorized
denomination or denominations will be delivered as directed by the transferor, in the
case of a transfer or as directed by the registered holder in the case of an exchange.
12. The Municipality shall issue and deliver Debentures in exchange for or in substitution
for Debentures outstanding on the registry with the same maturity and of like form in
the event of a mutilation, defacement, loss, mysterious or unexplainable
disappearance, theft or destruction, provided that the applicant therefor shall have: (a)
12 of 29
paid such costs as may have been incurred in connection therewith; (b) (in the case of
a mutilated, defaced, lost, mysteriously or unexplainably missing, stolen or destroyed
Debenture) furnished the Municipality with such evidence (including evidence as to the
certificate number of the Debenture in question) and an indemnity in respect thereof
satisfactory to the Municipality in its discretion; and (c) surrendered to the Municipality
any mutilated or defaced Debentures in respect of which new Debentures are to be
issued in substitution.
13. The Debentures issued upon any registration of transfer or exchange or in substitution
for any Debentures or part thereof shall carry all the rights to interest if any, accrued
and unpaid which were carried by such Debentures or part thereof and shall be so
dated and shall bear the same maturity date and, subject to the provisions of the By-
law, shall be subject to the same terms and conditions as the Debentures in respect of
which the transfer, exchange or substitution is effected.
14. The cost of all transfers and exchanges, including the printing of authorized
denominations of the new Debentures, shall be borne by the Municipality. When any
of the Debentures are surrendered for transfer or exchange the Treasurer of the
Municipality shall: (a) in the case of an exchange, cancel and destroy the Debentures
surrendered for exchange; (b) in the case of an exchange, certify the cancellation and
destruction in the registry; (c) enter in the registry particulars of the new Debenture or
Debentures issued in exchange; and (d) in the case of a transfer, enter in the registry
particulars of the registered holder as directed by the transferor.
15. Reasonable fees for the substitution of a new Debenture or new Debentures for any of
the Debentures that are mutilated, defaced, lost, mysteriously or unexplainably
missing, stolen or destroyed and for the replacement of mutilated, defaced, lost,
mysteriously or unexplainably missing, stolen or destroyed principal and interest
cheques (if any) may be imposed by the Municipality. When new Debentures are
issued in substitution in these circumstances the Municipality shall: (a) treat as
cancelled and destroyed the Debentures in respect of which new Debentures will be
issued in substitution; (b) certify the deemed cancellation and destruction in the
registry; (c) enter in the registry particulars of the new Debentures issued in
substitution; and (d) make a notation of any indemnities provided.
16. If the Municipality fails to meet and pay any of its debts or liabilities when due, or uses
all or any portion of the proceeds of any Debenture for any purpose other than for a
Capital Work(s) as authorized in the By-Law, OILC may, at its option, require early
repayment of the Debenture, and in such event the Municipality shall pay to OILC the
Make-Whole Amount on account of the losses that it will incur as a result of the early
repayment or early termination.
Notices
17. Except as otherwise expressly provided herein, any notice required to be given to a
registered holder of one or more of the Debentures will be sufficiently given if it is in
writing and a copy of such notice is mailed or otherwise delivered, including delivery by
electronic means, to the registered address of such registered holder. If the
Municipality or any registered holder is required to give any notice in connection with
13 of 29
the Debentures on or before any day and that day is not a Business Day (as defined in
section 10 of these Conditions) then such notice may be given on the next following
Business Day.
Time
18. Unless otherwise expressly provided herein, any reference herein to a time shall be
considered to be a reference to Toronto time.
Governing Law
19. The Debentures are governed by and shall be construed in accordance with the laws
of the Province of Ontario and the federal laws of Canada applicable in Ontario.
Definitions:
(a) “Prime Rate” means, on any day, the annual rate of interest which is the arithmetic
mean of the prime rates announced from time to time by the following five major
Canadian Schedule I banks, as of the issue date of this Debenture: Royal Bank of
Canada; Canadian Imperial Bank of Commerce; The Bank of Nova Scotia; Bank of
Montreal; and The Toronto-Dominion Bank (the “Reference Banks”) as their
reference rates in effect on such day for Canadian dollar commercial loans made in
Canada. If fewer than five of the Reference Banks quote a prime rate on such days,
the “Prime Rate” shall be the arithmetic mean of the rates quoted by those Reference
Banks.
(b) "Make-Whole Amount" means the amount determined by OILC as of the date of
prepayment of the Debenture, by which (i) the present value of the remaining future
scheduled payments of principal and interest under the Debenture to be repaid from
the prepayment date until maturity of the Debenture discounted at the Ontario Yield
exceeds (ii) the principal amount under the Debenture being repaid provided that the
Make-Whole Amount shall never be less than zero.
(c) “Ontario Yield” means the yield to maturity on the date of prepayment of the
Debenture, assuming the compounding showing in the Amortization Schedule, which a
non-prepayable term loan made by the Province of Ontario would have if advanced on
the date of prepayment of the Debenture, assuming the same principal amount as the
Debenture and with a maturity date which is the same as the remaining term to
maturity of the Debenture to be repaid minus 100 basis points.
14 of 29
THE CORPORATION OF THE COUNTY OF GREY
Schedule “C” to By-law Number 5311-26
Loan: 3283
Name: The Corporation of The County of Grey
Principal: CAD $ 2,165,000.00
Rate: 4.59%
Term: 15 years
Compound: Quarterly
Matures: 12/01/2041
Payment # Payment Amount Due Principal Interest Due Remaining
Date Due Principal
1 03/01/2027 50,117.98 25,274.60 24,843.38 2,139,725.40
2 06/01/2027 50,117.98 25,564.63 24,553.35 2,114,160.77
3 09/01/2027 50,117.98 25,857.99 24,259.99 2,088,302.78
4 12/01/2027 50,117.98 26,154.71 23,963.27 2,062,148.07
5 03/01/2028 50,117.98 26,454.83 23,663.15 2,035,693.24
6 06/01/2028 50,117.98 26,758.40 23,359.58 2,008,934.84
7 09/01/2028 50,117.98 27,065.45 23,052.53 1,981,869.39
8 12/01/2028 50,117.98 27,376.03 22,741.95 1,954,493.36
9 03/01/2029 50,117.98 27,690.17 22,427.81 1,926,803.19
10 06/01/2029 50,117.98 28,007.91 22,110.07 1,898,795.28
11 09/01/2029 50,117.98 28,329.30 21,788.68 1,870,465.98
12 12/01/2029 50,117.98 28,654.38 21,463.60 1,841,811.60
13 03/01/2030 50,117.98 28,983.19 21,134.79 1,812,828.41
14 06/01/2030 50,117.98 29,315.77 20,802.21 1,783,512.64
15 09/01/2030 50,117.98 29,652.17 20,465.81 1,753,860.47
16 12/01/2030 50,117.98 29,992.43 20,125.55 1,723,868.04
17 03/01/2031 50,117.98 30,336.59 19,781.39 1,693,531.45
18 06/01/2031 50,117.98 30,684.71 19,433.27 1,662,846.74
19 09/01/2031 50,117.98 31,036.81 19,081.17 1,631,809.93
20 12/01/2031 50,117.98 31,392.96 18,725.02 1,600,416.97
21 03/01/2032 50,117.98 31,753.20 18,364.78 1,568,663.77
22 06/01/2032 50,117.98 32,117.56 18,000.42 1,536,546.21
23 09/01/2032 50,117.98 32,486.11 17,631.87 1,504,060.10
24 12/01/2032 50,117.98 32,858.89 17,259.09 1,471,201.21
25 03/01/2033 50,117.98 33,235.95 16,882.03 1,437,965.26
26 06/01/2033 50,117.98 33,617.33 16,500.65 1,404,347.93
27 09/01/2033 50,117.98 34,003.09 16,114.89 1,370,344.84
28 12/01/2033 50,117.98 34,393.27 15,724.71 1,335,951.57
29 03/01/2034 50,117.98 34,787.94 15,330.04 1,301,163.63
30 06/01/2034 50,117.98 35,187.13 14,930.85 1,265,976.50
15 of 29
Payment # Payment Amount Due Principal Interest Due Remaining
Date Due Principal
31 09/01/2034 50,117.98 35,590.90 14,527.08 1,230,385.60
32 12/01/2034 50,117.98 35,999.31 14,118.67 1,194,386.29
33 03/01/2035 50,117.98 36,412.40 13,705.58 1,157,973.89
34 06/01/2035 50,117.98 36,830.23 13,287.75 1,121,143.66
35 09/01/2035 50,117.98 37,252.86 12,865.12 1,083,890.80
36 12/01/2035 50,117.98 37,680.33 12,437.65 1,046,210.47
37 03/01/2036 50,117.98 38,112.71 12,005.27 1,008,097.76
38 06/01/2036 50,117.98 38,550.06 11,567.92 969,547.70
39 09/01/2036 50,117.98 38,992.42 11,125.56 930,555.28
40 12/01/2036 50,117.98 39,439.86 10,678.12 891,115.42
41 03/01/2037 50,117.98 39,892.43 10,225.55 851,222.99
42 06/01/2037 50,117.98 40,350.20 9,767.78 810,872.79
43 09/01/2037 50,117.98 40,813.21 9,304.77 770,059.58
44 12/01/2037 50,117.98 41,281.55 8,836.43 728,778.03
45 03/01/2038 50,117.98 41,755.25 8,362.73 687,022.78
46 06/01/2038 50,117.98 42,234.39 7,883.59 644,788.39
47 09/01/2038 50,117.98 42,719.03 7,398.95 602,069.36
48 12/01/2038 50,117.98 43,209.23 6,908.75 558,860.13
49 03/01/2039 50,117.98 43,705.06 6,412.92 515,155.07
50 06/01/2039 50,117.98 44,206.58 5,911.40 470,948.49
51 09/01/2039 50,117.98 44,713.85 5,404.13 426,234.64
52 12/01/2039 50,117.98 45,226.94 4,891.04 381,007.70
53 03/01/2040 50,117.98 45,745.92 4,372.06 335,261.78
54 06/01/2040 50,117.98 46,270.85 3,847.13 288,990.93
55 09/01/2040 50,117.98 46,801.81 3,316.17 242,189.12
56 12/01/2040 50,117.98 47,338.86 2,779.12 194,850.26
57 03/01/2041 50,117.98 47,882.07 2,235.91 146,968.19
58 06/01/2041 50,117.98 48,431.52 1,686.46 98,536.67
59 09/01/2041 50,117.98 48,987.27 1,130.71 49,549.40
60 12/01/2041 50,117.98 49,549.40 568.58 0.00
Total 3,007,078.80 2,165,000.00 842,078.80
16 of 29
No. 5311-26 $2,165,000.00
CANADA
Province of Ontario
The Corporation of The County of Grey
FULLY REGISTERED 4.59 % DEBENTURE
The Corporation of The County of Grey (the “Municipality”), for value received, hereby
promises to pay to
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (“OILC”)
or registered assigns, subject to the Conditions attached hereto which form part hereof (the
“Conditions”), upon presentation and surrender of this debenture (or as otherwise agreed to
by the Municipality and OILC) by the maturity date of this debenture (December 01, 2041),
the principal amount of
TWO MILLION ONE HUNDRED SIXTY FIVE THOUSAND DOLLARS
----------------------------------- ($2,165,000.00) ---------------------------------
payable on the specified dates and in the amounts set forth in the attached Amortization
Schedule (the “Amortization Schedule”) and subject to late payment interest charges
pursuant to the Conditions, in lawful money of Canada. Subject to the Conditions: interest
shall be paid until the maturity date of this debenture, in like money as part of the instalments
of combined principal and interest from the closing date (December 01, 2026), or from the
last date on which interest has been paid on this debenture, whichever is later, at the rate of
4.59% per annum, in arrears, on the specified dates and in the amounts as set forth in the
Amortization Schedule; and interest shall be paid on default at the applicable rate set out in
the Amortization Schedule, or the Conditions, as applicable, both before and after default and
judgment. Provided there is no default, the amounts of the payments of combined
instalments of principal and interest and the specified dates on which they are payable in
each year are shown in the Amortization Schedule.
17 of 29
The Municipality, pursuant to section 25 of the Ontario Infrastructure and Lands Corporation
Act, 2011 (the “OILC Act, 2011”) hereby irrevocably agrees that the Minister of Finance is
entitled, without notice to the Municipality, to deduct from money appropriated by the
Legislative Assembly of Ontario for payment to the Municipality, amounts not exceeding any
amounts that the Municipality fails to pay OILC on account of any unpaid indebtedness
under this debenture, and to pay such amounts to OILC from the Consolidated Revenue
Fund.
This debenture is subject to the Conditions.
DATED at the office of the Municipality as of the 1st day of December, 2026
IN TESTIMONY WHEREOF and under the authority of By-law Number 5311-26 of the
Municipality duly passed on the 12th day of November, 2026 (the “By-law”), this debenture is
sealed with the municipal seal of the Municipality and signed by the Warden and by the
Treasurer thereof.
Date of Registration: December 01, 2026
___________________________ (Seal) _________________________
Andrea Matrosovs, Warden Susan Murray, Interim Treasurer
OILC hereby agrees that the Minister of Finance is entitled to exercise certain rights of deduction pursuant to
section 25 of the OILC Act, 2011 as described in this debenture.
Ontario Infrastructure and Lands Corporation
by: ____________________________________ by:_________________________________________
Authorized Signing Officer Authorized Signing Officer
18 of 29
Loan: 3283
Name: The Corporation of The County of Grey
Principal: CAD $ 2,165,000.00
Rate: 4.59%
Term: 15 years
Compound: Quarterly
Matures: 12/01/2041
Payment # Payment Amount Due Principal Interest Due Remaining
Date Due Principal
1 03/01/2027 50,117.98 25,274.60 24,843.38 2,139,725.40
2 06/01/2027 50,117.98 25,564.63 24,553.35 2,114,160.77
3 09/01/2027 50,117.98 25,857.99 24,259.99 2,088,302.78
4 12/01/2027 50,117.98 26,154.71 23,963.27 2,062,148.07
5 03/01/2028 50,117.98 26,454.83 23,663.15 2,035,693.24
6 06/01/2028 50,117.98 26,758.40 23,359.58 2,008,934.84
7 09/01/2028 50,117.98 27,065.45 23,052.53 1,981,869.39
8 12/01/2028 50,117.98 27,376.03 22,741.95 1,954,493.36
9 03/01/2029 50,117.98 27,690.17 22,427.81 1,926,803.19
10 06/01/2029 50,117.98 28,007.91 22,110.07 1,898,795.28
11 09/01/2029 50,117.98 28,329.30 21,788.68 1,870,465.98
12 12/01/2029 50,117.98 28,654.38 21,463.60 1,841,811.60
13 03/01/2030 50,117.98 28,983.19 21,134.79 1,812,828.41
14 06/01/2030 50,117.98 29,315.77 20,802.21 1,783,512.64
15 09/01/2030 50,117.98 29,652.17 20,465.81 1,753,860.47
16 12/01/2030 50,117.98 29,992.43 20,125.55 1,723,868.04
17 03/01/2031 50,117.98 30,336.59 19,781.39 1,693,531.45
18 06/01/2031 50,117.98 30,684.71 19,433.27 1,662,846.74
19 09/01/2031 50,117.98 31,036.81 19,081.17 1,631,809.93
20 12/01/2031 50,117.98 31,392.96 18,725.02 1,600,416.97
21 03/01/2032 50,117.98 31,753.20 18,364.78 1,568,663.77
22 06/01/2032 50,117.98 32,117.56 18,000.42 1,536,546.21
23 09/01/2032 50,117.98 32,486.11 17,631.87 1,504,060.10
24 12/01/2032 50,117.98 32,858.89 17,259.09 1,471,201.21
25 03/01/2033 50,117.98 33,235.95 16,882.03 1,437,965.26
26 06/01/2033 50,117.98 33,617.33 16,500.65 1,404,347.93
27 09/01/2033 50,117.98 34,003.09 16,114.89 1,370,344.84
28 12/01/2033 50,117.98 34,393.27 15,724.71 1,335,951.57
29 03/01/2034 50,117.98 34,787.94 15,330.04 1,301,163.63
30 06/01/2034 50,117.98 35,187.13 14,930.85 1,265,976.50
31 09/01/2034 50,117.98 35,590.90 14,527.08 1,230,385.60
32 12/01/2034 50,117.98 35,999.31 14,118.67 1,194,386.29
33 03/01/2035 50,117.98 36,412.40 13,705.58 1,157,973.89
34 06/01/2035 50,117.98 36,830.23 13,287.75 1,121,143.66
35 09/01/2035 50,117.98 37,252.86 12,865.12 1,083,890.80
19 of 29
Payment # Payment Amount Due Principal Interest Due Remaining
Date Due Principal
36 12/01/2035 50,117.98 37,680.33 12,437.65 1,046,210.47
37 03/01/2036 50,117.98 38,112.71 12,005.27 1,008,097.76
38 06/01/2036 50,117.98 38,550.06 11,567.92 969,547.70
39 09/01/2036 50,117.98 38,992.42 11,125.56 930,555.28
40 12/01/2036 50,117.98 39,439.86 10,678.12 891,115.42
41 03/01/2037 50,117.98 39,892.43 10,225.55 851,222.99
42 06/01/2037 50,117.98 40,350.20 9,767.78 810,872.79
43 09/01/2037 50,117.98 40,813.21 9,304.77 770,059.58
44 12/01/2037 50,117.98 41,281.55 8,836.43 728,778.03
45 03/01/2038 50,117.98 41,755.25 8,362.73 687,022.78
46 06/01/2038 50,117.98 42,234.39 7,883.59 644,788.39
47 09/01/2038 50,117.98 42,719.03 7,398.95 602,069.36
48 12/01/2038 50,117.98 43,209.23 6,908.75 558,860.13
49 03/01/2039 50,117.98 43,705.06 6,412.92 515,155.07
50 06/01/2039 50,117.98 44,206.58 5,911.40 470,948.49
51 09/01/2039 50,117.98 44,713.85 5,404.13 426,234.64
52 12/01/2039 50,117.98 45,226.94 4,891.04 381,007.70
53 03/01/2040 50,117.98 45,745.92 4,372.06 335,261.78
54 06/01/2040 50,117.98 46,270.85 3,847.13 288,990.93
55 09/01/2040 50,117.98 46,801.81 3,316.17 242,189.12
56 12/01/2040 50,117.98 47,338.86 2,779.12 194,850.26
57 03/01/2041 50,117.98 47,882.07 2,235.91 146,968.19
58 06/01/2041 50,117.98 48,431.52 1,686.46 98,536.67
59 09/01/2041 50,117.98 48,987.27 1,130.71 49,549.40
60 12/01/2041 50,117.98 49,549.40 568.58 0.00
Total 3,007,078.80 2,165,000.00 842,078.80
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LEGAL OPINION
We have examined the By-law of the Municipality authorizing the issue of
debentures in the principal amount of $2,165,000.00 dated December 01, 2026
and maturing on December 01, 2041 payable in instalments of combined principal
and interest on the specified dates and in the amounts as set out in Schedule “C”
to the By-law.
In our opinion, the By-law has been properly passed and is within the legal powers
of the Municipality. The debenture issued under the By-law in the within form (the
“Debenture”) is the direct, general unsecured and unsubordinated obligation of the
Municipality. The Debenture is enforceable against the Municipality subject to the
special jurisdiction and powers of the Ontario Land Tribunal over defaulting
municipalities under the Municipal Affairs Act. This opinion is subject to and
incorporates all the assumptions, qualifications and limitations set out in our
opinion letter.
December 01, 2026
Barriston LLP
[no signature required]
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CONDITIONS OF THE DEBENTURE
Form, Denomination, and Ranking of the Debenture
1. The debentures issued pursuant to the By-law (collectively the “Debentures” and
individually a “Debenture”) are issuable as fully registered Debentures without
coupons.
2. The Debentures are direct, general unsecured and unsubordinated obligations of the
Municipality. The Debentures rank concurrently and equally in respect of payment of
principal and interest with all other debentures of the Municipality except for the
availability of money in a sinking or retirement fund for a particular issue of
debentures.
3. This Debenture is one fully registered Debenture registered in the name of OILC and
held by OILC.
Registration
4. The Municipality shall maintain at its designated office a registry in respect of the
Debentures in which shall be recorded the names and the addresses of the registered
holders and particulars of the Debentures held by them respectively and in which
particulars of cancellations, exchanges, substitutions and transfers of Debentures,
may be recorded and the Municipality is authorized to use electronic, magnetic or
other media for records of or related to the Debentures or for copies of them.
Title
5. The Municipality shall not be bound to see to the execution of any trust affecting the
ownership of any Debenture or be affected by notice of any equity that may be
subsisting in respect thereof. The Municipality shall deem and treat registered holders
of Debentures, including this Debenture, as the absolute owners thereof for all
purposes whatsoever notwithstanding any notice to the contrary and all payments to or
to the order of registered holders shall be valid and effectual to discharge the liability of
the Municipality on the Debentures to the extent of the amount or amounts so paid.
Where a Debenture is registered in more than one name, the principal of and interest
from time to time payable on such Debenture shall be paid to or to the order of all the
joint registered holders thereof, failing written instructions to the contrary from all such
joint registered holders, and such payment shall constitute a valid discharge to the
Municipality. In the case of the death of one or more joint registered holders, despite
the foregoing provisions of this section, the principal of and interest on any Debentures
registered in their names may be paid to the survivor or survivors of such holders and
such payment shall constitute a valid discharge to the Municipality.
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Payments of Principal and Interest
6. The record date for purposes of payment of principal of and interest on the Debentures
is as of 5:00 p.m. on the sixteenth calendar day preceding any payment date including
the maturity date. Principal of and interest on the Debentures are payable by the
Municipality to the persons registered as holders in the registry on the relevant record
date. The Municipality shall not be required to register any transfer, exchange or
substitution of Debentures during the period from any record date to the corresponding
payment date.
7. The Municipality shall make all payments on the Debentures on the payment dates as
set out in Schedule “C” to the By-law, by pre-authorized debit in respect of such
interest and principal to the credit of the registered holder on such terms as the
Municipality and the registered holder may agree.
8. The Municipality shall pay to the registered holder interest on any overdue amount of
principal or interest in respect of any Debenture, both before and after default and
judgment, at a rate per annum equal to the greater of the rate specified on the
Schedule as attached to and forming part of the Debenture for such amount plus 200
basis points or Prime Rate (as defined below) plus 200 basis points, calculated on a
daily basis from the date such amount becomes overdue for so long as such amount
remains overdue and the Municipality shall pay to the registered holder any and all
costs incurred by the registered holder as a result of the overdue payment.
9. Whenever it is necessary to compute any amount of interest in respect of the
Debentures for a period of less than one full year, other than with respect to regular
interest payments, such interest shall be calculated on the basis of the actual number
of days in the period and a year of 365 days or 366 days as appropriate.
10. Payments in respect of principal of and interest on the Debentures shall be made only
on a day, other than Saturday or Sunday, on which banking institutions in Toronto,
Ontario, Canada and the Municipality are not authorized or obligated by law or
executive order to be closed (a “Business Day”), and if any date for payment is not a
Business Day, payment shall be made on the next following Business Day.
11. The Debentures are transferable or exchangeable at the office of the Treasurer of the
Municipality upon presentation for such purpose accompanied by an instrument of
transfer or exchange in a form approved by the Municipality and which form is in
accordance with the prevailing Canadian transfer legislation and practices, executed
by the registered holder thereof or such holder’s duly authorized attorney or legal
personal representative, whereupon and upon registration of such transfer or
exchange and cancellation of the Debenture or Debentures presented, a new
Debenture or Debentures of an equal aggregate principal amount in any authorized
denomination or denominations will be delivered as directed by the transferor, in the
case of a transfer or as directed by the registered holder in the case of an exchange.
12. The Municipality shall issue and deliver Debentures in exchange for or in substitution
for Debentures outstanding on the registry with the same maturity and of like form in
the event of a mutilation, defacement, loss, mysterious or unexplainable
disappearance, theft or destruction, provided that the applicant therefor shall have: (a)
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paid such costs as may have been incurred in connection therewith; (b) (in the case of
a mutilated, defaced, lost, mysteriously or unexplainably missing, stolen or destroyed
Debenture) furnished the Municipality with such evidence (including evidence as to the
certificate number of the Debenture in question) and an indemnity in respect thereof
satisfactory to the Municipality in its discretion; and (c) surrendered to the Municipality
any mutilated or defaced Debentures in respect of which new Debentures are to be
issued in substitution.
13. The Debentures issued upon any registration of transfer or exchange or in substitution
for any Debentures or part thereof shall carry all the rights to interest if any, accrued
and unpaid which were carried by such Debentures or part thereof and shall be so
dated and shall bear the same maturity date and, subject to the provisions of the By-
law, shall be subject to the same terms and conditions as the Debentures in respect of
which the transfer, exchange or substitution is effected.
14. The cost of all transfers and exchanges, including the printing of authorized
denominations of the new Debentures, shall be borne by the Municipality. When any
of the Debentures are surrendered for transfer or exchange the Treasurer of the
Municipality shall: (a) in the case of an exchange, cancel and destroy the Debentures
surrendered for exchange; (b) in the case of an exchange, certify the cancellation and
destruction in the registry; (c) enter in the registry particulars of the new Debenture or
Debentures issued in exchange; and (d) in the case of a transfer, enter in the registry
particulars of the registered holder as directed by the transferor.
15. Reasonable fees for the substitution of a new Debenture or new Debentures for any of
the Debentures that are mutilated, defaced, lost, mysteriously or unexplainably
missing, stolen or destroyed and for the replacement of mutilated, defaced, lost,
mysteriously or unexplainably missing, stolen or destroyed principal and interest
cheques (if any) may be imposed by the Municipality. When new Debentures are
issued in substitution in these circumstances the Municipality shall: (a) treat as
cancelled and destroyed the Debentures in respect of which new Debentures will be
issued in substitution; (b) certify the deemed cancellation and destruction in the
registry; (c) enter in the registry particulars of the new Debentures issued in
substitution; and (d) make a notation of any indemnities provided.
16. If the Municipality fails to meet and pay any of its debts or liabilities when due, or uses
all or any portion of the proceeds of any Debenture for any purpose other than for a
Capital Work(s) as authorized in the By-Law, OILC may, at its option, require early
repayment of the Debenture, and in such event the Municipality shall pay to OILC the
Make-Whole Amount on account of the losses that it will incur as a result of the early
repayment or early termination.
Notices
17. Except as otherwise expressly provided herein, any notice required to be given to a
registered holder of one or more of the Debentures will be sufficiently given if it is in
writing and a copy of such notice is mailed or otherwise delivered, including delivery by
electronic means, to the registered address of such registered holder. If the
Municipality or any registered holder is required to give any notice in connection with
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the Debentures on or before any day and that day is not a Business Day (as defined in
section 10 of these Conditions) then such notice may be given on the next following
Business Day.
Time
18. Unless otherwise expressly provided herein, any reference herein to a time shall be
considered to be a reference to Toronto time.
Governing Law
19. The Debentures are governed by and shall be construed in accordance with the laws
of the Province of Ontario and the federal laws of Canada applicable in Ontario.
Definitions:
(a) “Prime Rate” means, on any day, the annual rate of interest which is the arithmetic
mean of the prime rates announced from time to time by the following five major
Canadian Schedule I banks, as of the issue date of this Debenture: Royal Bank of
Canada; Canadian Imperial Bank of Commerce; The Bank of Nova Scotia; Bank of
Montreal; and The Toronto-Dominion Bank (the “Reference Banks”) as their
reference rates in effect on such day for Canadian dollar commercial loans made in
Canada. If fewer than five of the Reference Banks quote a prime rate on such days,
the “Prime Rate” shall be the arithmetic mean of the rates quoted by those Reference
Banks.
(b) "Make-Whole Amount" means the amount determined by OILC as of the date of
prepayment of the Debenture, by which (i) the present value of the remaining future
scheduled payments of principal and interest under the Debenture to be repaid from
the prepayment date until maturity of the Debenture discounted at the Ontario Yield
exceeds (ii) the principal amount under the Debenture being repaid provided that the
Make-Whole Amount shall never be less than zero.
(c) “Ontario Yield” means the yield to maturity on the date of prepayment of the
Debenture, assuming the compounding showing in the Amortization Schedule, which a
non-prepayable term loan made by the Province of Ontario would have if advanced on
the date of prepayment of the Debenture, assuming the same principal amount as the
Debenture and with a maturity date which is the same as the remaining term to
maturity of the Debenture to be repaid minus 100 basis points.
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CERTIFICATE OF THE CLERK
To: Barriston LLP
And To: OILC
IN THE MATTER OF debentures issued by The Corporation of The
County of Grey (the “Municipality”) in the principal amount of
$2,165,000.00 (the “Debentures”), authorized by Debenture By-law
Number 5311-26 (the “Debenture By-law”);
AND IN THE MATTER OF authorizing by-law(s) of the Municipality
enumerated in Schedule “A” to the Debenture By-law.
I, Tara Warder, Clerk of the Municipality, hereby certify for and on behalf of the
Municipality as follows:
1. The Debenture By-law was finally passed and enacted by the Council of the
Municipality on November 12, 2026 in full compliance with the Municipal Act, 2001, as
amended (the “Act”) at a duly called meeting at which a quorum was present. Forthwith after
the passage of the Debenture By-law, the same was signed by the Head of Council and the
Clerk and sealed with the municipal seal of the Municipality.
2. The authorizing by-law(s) referred to in Schedule “A” to the Debenture By-law
(the “Authorizing By-law(s)”) have been enacted and passed by the Council of the
Municipality in full compliance with the Act at meeting(s) at which a quorum was present.
Forthwith after the passage of the Authorizing By-law(s) the same were signed by the Head
of Council and by the Clerk and sealed with the municipal seal of the Municipality.
3. With respect to the undertaking of the capital work(s) described in the
Debenture By-law (the “Capital Work(s)”), before the Municipality exercised any of its
powers in respect of the Capital Work(s), and before the Municipality authorized any
additional cost amount and any additional debenture authority in respect thereof, the Council
of the Municipality had its Treasurer complete the required calculation set out in the relevant
debt and financial obligation limits regulation (the “Regulation”). Accordingly, based on the
Treasurer’s calculation and determination under the Regulation, the Council of the
Municipality authorized the Capital Work(s), each such additional cost amount (if any) and
each such additional debenture authority (if any), without the approval of the Ontario Land
Tribunal pursuant to the Regulation.
4. No application has been made or action brought to quash, set aside or declare
invalid the Debenture By-law or the Authorizing By-law(s) nor have the same been in any way
repealed, altered or amended, except insofar as some of the Authorizing By-law(s) may have
been amended by any of the other Authorizing By-law(s), and the Debenture By-law and the
Authorizing By-law(s) are now in full force and effect. Moreover, the Warden of the
Municipality has not provided written notice to the Council of the Municipality of an intent to
consider vetoing the Authorizing By-law(s) and no written veto document in respect of the
Authorizing By-law(s) has been given to the Clerk of the Municipality, if applicable.
26 of 29
5. All of the recitals contained in the Debenture By-law and the Authorizing By-
law(s) are true in substance and fact.
6. To the extent that the public notice provisions of the Act are applicable, the
Authorizing By-law(s) and the Debenture By-law have been enacted and passed by the
Council of the Municipality in full compliance with the applicable public notice provisions of
the Act.
7. None of the debentures authorized to be issued by the Authorizing By-law(s)
have been previously issued other than those that are set out in column (4) of Schedule “A”
to the Debenture By-law (if any).
8. The Municipality is not subject to any restructuring order under Part V of the Act
or other statutory authority, accordingly, no approval of the Authorizing By-law(s), of the
Debenture By-law and/or of the issue of the Debentures is required by any transition board or
commission appointed in respect of the restructuring of the Municipality.
9. The Authorizing By-law(s), the Debenture By-law and the transactions
contemplated thereunder do not conflict with, or result in a breach or violation of any statutory
provisions which apply to the Municipality or any agreement to which the Municipality is a
party or under which the Municipality or any of its property is or may be bound, or, to the best
of my knowledge, violate any order, award, judgment, determination, writ, injunction or
decree applicable to the Municipality of any regulatory, administrative or other government or
public body or authority, arbitrator or court.
DATED at the office of the Municipality as of the 1st day of December, 2026
_____________________________________
Tara Warder, Clerk
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CERTIFICATE OF THE TREASURER
To: Barriston LLP
And To: OILC
IN THE MATTER OF a debenture issued by The Corporation of The
County of Grey (the “Municipality”) in the principal amount of
$2,165,000.00 (the “Debenture”), authorized by Debenture By-law
Number 5311-26 (the “Debenture By-law”);
AND IN THE MATTER OF authorizing by-law(s) of the Municipality
enumerated in Schedule “A” to the Debenture By-law.
I, Susan Murray, Interim Treasurer of the Municipality, hereby certify for and on
behalf of the Municipality as follows:
1. The Municipality has received from the Ministry of Municipal Affairs and Housing its
annual debt and financial obligation limit for the relevant year(s).
2. With respect to the undertaking of the capital work(s) described in the Debenture By-
law (the “Capital Work(s)”), before the Council of the Municipality authorized the Capital
Work(s) in an amount that did not exceed the respective Maximum Debenture Amount,
defined in the Debenture By-law, and before authorizing any additional cost amount and any
additional debenture authority in respect thereof, the Treasurer calculated the updated
relevant debt and financial obligation limit in accordance with the applicable debt and
financial obligation limits regulation (the “Regulation”). The Treasurer thereafter determined
that the estimated annual amount payable in respect of the Capital Work(s), each such
additional cost amount (if any) and each such additional debenture authority (if any), would
not cause the Municipality to reach or to exceed the relevant updated debt and financial
obligation limit as at the date of the Council’s approval. Based on the Treasurer’s
determination, the Council of the Municipality authorized the Capital Work(s), each such
additional cost amount (if any) and each such additional debenture authority (if any), without
the approval of the Ontario Land Tribunal pursuant to the Regulation.
3. In updating the Municipality’s relevant debt and financial obligation limit(s), the
estimated annual amounts payable described in the Regulation were determined based on
current interest rates and amortization periods which do not, in any case, exceed the lifetime
of any of the purposes of the Municipality described in such section, all in accordance with
generally accepted accounting principles for local governments as recommended, from time
to time, by the relevant Public Sector Accounting Board.
4. The term of the Debenture issued in respect of the Capital Work(s), together with the
term of any refinancing debentures issued or authorized to be issued (if any), does not
exceed the lifetime of the Capital Work(s).
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5. The principal amount now being financed through the issue of Debenture in respect of
the Capital Work(s), together with the amount of any refinancing debentures issued or
authorized to be issued (if any), does not exceed the net cost of each such Capital Work and
does not exceed the Maximum Debenture Amount, defined in the Debenture By-law, for such
Capital Work(s).
6. If OILC has agreed to purchase the Debenture before the Municipality incurred any
capital expenditures for the Capital Work(s), the Municipality will apply the money received
from OILC from the sale of the Debenture to pay such capital expenditures up to an amount
that does not exceed the Maximum Debenture Amount, defined in the Debenture By-law.
7. The money received by the Municipality from the sale of the Debenture issued
pursuant to the Debenture By-law, including any premium, and any earnings derived from the
investment of that money after providing for the expenses related to their issue (if any) shall
be apportioned and applied to the Capital Work(s), and to no other purpose except as
permitted by the Municipal Act, 2001.
8. On or before December 01, 2026, I as Interim Treasurer, signed the fully registered
debenture in the principal amount of $2,165,000.00 dated December 01, 2026, registered in
the name of Ontario Infrastructure and Lands Corporation as authorized by the Debenture
By-law (the “OILC Debenture”).
9. On or before December 01, 2026, the OILC Debenture was signed by Andrea
Matrosovs, Warden of the Municipality and sealed with the seal of the Municipality.
10. The said Andrea Matrosovs is the duly elected Warden of the Municipality and I am
the duly appointed Interim Treasurer of the Municipality and we were severally authorized
under the Debenture By-law to execute the OILC Debenture in the manner aforesaid and the
OILC Debenture is entitled to full faith and credence.
11. The OILC Debenture is in all respects in accordance with the Debenture By-law and in
issuing the OILC Debenture the Municipality is not exceeding its borrowing powers.
12. No litigation or proceedings of any nature are now pending or threatened, attacking or
in any way attempting to restrain or enjoin the issue and delivery of the OILC Debenture or in
any manner questioning the proceedings and the authority under which the same is issued,
or affecting the validity thereof, or contesting the title or official capacity of the said Warden or
myself as Interim Treasurer of the Municipality, and no proceedings for the issuance of the
OILC Debenture or any part of it has been repealed, revoked or rescinded in whole or in part.
13. As of the date hereof the certifications, representations and warranties set out in the
Certificate of the Treasurer Requesting Debenture Financing delivered to OILC in connection
with the issuance of the Debenture are true and correct.
DATED at the office of the Municipality on the 1st day of December, 2026.
_____________________________________
Susan Murray, Interim Treasurer
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---
Attachment: 5312-26 - A By-law to Appoint a Community Emergency Management Coordinator for the County of Grey.pdf
Source: https://helpos.ca/attachments/73414ec4c5cc7ca06d1cf3330ec61f50355cfd97ff56670c68c2ce206789de5f/8-2-5312-26-a-by-law-to-appoint-a-community-emergency-management-coordinator-for-the-county-of.pdf
Corporation of the County of Grey
By-Law 5312-26
A By-law to Appoint a Community Emergency Management
Coordinator (CEMC) for the County of Grey
WHEREAS Section 8 of the Municipal Act, S.O. 2001, c. 25 as amended states that a
municipality has the capacity rights, powers and privileges of a natural person for
exercising its authority;
AND WHEREAS O. Reg 380/04 of the Emergency Management and Civil Protection
Act, R.S.O. 1990, c. E.9 requires that every municipality shall designate an employee of
the municipality or a member of the council as its emergency management program
coordinator;
AND WHEREAS the Corporation of the County of Grey deems it necessary to appoint
an emergency management program coordinator, more commonly referred to as the
Community Emergency Management Coordinator (CEMC) whose duty it is to co-
ordinate the development and implementation of the municipality’s emergency
management program within the municipality and co-ordinate the municipality’s
emergency management program in so far as possible with the emergency
management programs of other municipalities, of ministries of the Ontario government
and of organizations outside government that are involved in emergency management;
NOW THEREFORE BE IT RESOLVED THAT THE COUNCIL OF
THE CORPORATION OF THE COUNTY OF GREY HEREBY ENACTS AS FOLLOWS:
1. That Jeff Edwards of Phoenix Emergency Management Logic Inc. is hereby
appointed as the primary Community Emergency Program Coodinator, also referred
to as the Community Emergency Management Coordinator (CEMC) for the
Corporation of the County of Grey.
2. That where any provisions of any other by-law are inconsistent with the provisions of
this by-law, the provisions of this by-law shall prevail.
3. That this by-law shall come into force and effect on November 13, 2026 and
continue until December 31, 2027.
ENACTED AND PASSED this 12th day of November, 2026.
___________________________ ______________________________
WARDEN: Andrea Matrosovs CLERK: Tara Warder
---
Attachment: 5313-26 - A By-law to Amend Schedules D, F, N, and P of By-law 4788-13, a By-law to Regulate Traffic and Parking.pdf
Source: https://helpos.ca/attachments/7957f42766f9fbfa5c30ae54e52985bf38d07b5d6cd9ff64ed35d8e54954fda9/8-3-5313-26-a-by-law-to-amend-schedules-d-f-n-and-p-of-by-law-4788-13-a-by-law-to-regulate-tra.pdf
Corporation of the County of Grey
By-law 5313-26
A By-law to Amend Schedules D, F, N, and P of By-law 4788-13,
being a By-law to Regulate Traffic and Parking on Highways
within the Grey County Roads System
WHEREAS the County of Grey adopted By-law 4788-13 to regulate traffic and parking
on highways within the Grey County Roads System;
AND WHEREAS the Council of the County of Grey adopted the recommendations of
the Committee of the Whole from its October 22, 2026 meeting to amend Schedule D -
Parking For Restricted Length of Time, Schedule F – Short Term Parking Meters,
Schedule N – Rates of Speed, and Schedule P – Community Safety Zones.
NOW THEREFORE BE IT RESOLVED THAT THE COUNCIL OF
THE CORPORATION OF THE COUNTY OF GREY HEREBY ENACTS AS FOLLOWS:
1. That Bylaw 4788-13 be amended by repealing Schedules D, F, N and P and
replacing them with the attached Schedules D, F, N and P to this By-law.
ENACTED AND PASSED this 12th day of November, 2026.
___________________________ ______________________________
WARDEN: Andrea Matrosovs CLERK: Tara Warder
Schedule “D”
By-Law 4788-13
Amended by By-law 5176-24, 5244-25 and 5316-26
Section 4.2 (f)
Parking For Restricted Length of Times
Column 1 Column 2 Column 3 Column 4
Grey Road No. Description Parking Time of Day That
Time Limit Parking Limit is
Applicable
4 (10th Street, On north side from 6th Avenue to 2 hour 9 a.m. to 6 p.m., except
Hanover) 10th Avenue parking for Sundays and/or
Holidays
4 (10th Street, On north side from 11th Avenue to 2 hour 9 a.m. to 6 p.m., except
Hanover) 13th Avenue parking for Sundays and/or
Holidays
4 (10th Street, On south side from 6th Avenue to 2 hour 9 a.m. to 6 p.m., except
Hanover) 13th Avenue parking for Sundays and/or
Holidays
13 (Bruce Street On both sides from King’s 2 hour 8 a.m. to 6 p.m.
S., Thornbury) Highway No. 26 southerly to parking
approximately 100 metres south of
Louisa St. E. and W.
13 (Marsh On both sides from the intersection 2 hour 9 a.m. to 4 p.m., except
Street S., of Hillcrest Drive to a point parking for Mondays and
Clarksburg) approximately 100 metres south of Tuesdays
Clark Street
15 (3rd Ave. E., On the west side from a point 33.4 2 hour anytime
Owen Sound) metres northerly of the intersection parking
of 8th Street East to a point 26.4
metres southerly of the
intersection of 9th Street East
15 (3rd Ave. E., On the east side from a point 16.6 2 hour anytime
Owen Sound) metres northerly of the intersection parking
of 8th Street East to a point 28.7
metres southerly of the
intersection of 9th Street East
15 On the east side from a point 16.5 10 minute anytime
rd
(3 Ave. E., metres northerly of the intersection parking
Owen Sound) of 9th Street East to a point 52.0
Column 1 Column 2 Column 3 Column 4
Grey Road No. Description Parking Time of Day That
Time Limit Parking Limit is
Applicable
metres northerly of the intersection
of 9th Street East
15 (3rd Ave. E., On the west side from a point 21.3 10 minute anytime
Owen Sound) metres northerly of the intersection parking
of 9th Street East to a point 47.5
metres northerly of the intersection
of 9th Street East
15 (3rd Ave. E., On the west side from a point 47.5 2 hour anytime
Owen Sound) metres northerly of the intersection parking
of 9th Street East to a point 30.0
metres southerly of the
intersection of 10th Street East
15 (3rd Ave. E., On the east side from a point 74.5 2 hour anytime
Owen Sound) metres northerly of the intersection parking
of 9th Street East to a point 58.3
metres southerly of the
intersection of 10th Street East
Schedule “F”
By-Law 4788-13
Amended by By-law 5313-26
Section 4.2 (h)
Short-Term Parking - Meters
Column 1 Column 2
Grey Road No. Side of Road
N/A N/A
Schedule “N”
By-Law 4788-13
Amended by By-law 4901-15, 4921-16, 4937-16, 4993-17, 5000-18 and 5039-19, 5072-
20, 5096-20, 5119-21, 5132-22, 5157-23,5176-24 and 5313-26
Section 5.3 (a) (ii) 7070
Rates of Speed
Grey Road From To Rate of
No. Speed
The east limits of the A point 770 metres northeast of 60 kilometres
1 geographic Town of Wiarton the Intersection of Grey Road 1 per hour
at Old Mill Road
A point 200 metres southwest A point 1300 metres northeast 60 kilometres
of the access of Skinners Bluff of the access of Skinners Bluff per hour
1
(Colpoy’s lookout east (Colpoy’s lookout east
entrance) entrance)
A point 1300 metres northeast A point 200 metres northeast of 50 kilometres
of the access of Skinners Bluff the west access of Cedar Hill per hour
1
(Colpoy’s lookout east Park
entrance)
A point 244 metres west of the A point 388 metres east of the 50 kilometres
1 Intersection of Grey Road 1 at Intersection of Grey Road 1 at per hour
Division Street (Big Bay) Division Street (Big Bay)
A point 1687 metres north of A point 400 metres west of the 70 kilometres
the junction of Grey Road 1 at Intersection of Grey Road 1 at per hour
1
Concession 20 (geographic Presqu’ile Road North Junction
Township of Keppel)
A point 196 meters north of the A point 176 metres north of the 70 kilometres
Intersection of Grey Road 1 at Intersection of Grey Road 1 at per hour
1
Church Sideroad East and Indian Acres Road East and
West West
A point 176 metres north of the The north limits of the City of 60 kilometres
Intersection of Grey Road 1 at Owen Sound per hour
1
Indian Acres Road East and
West
The north limits of the City of The Intersection of Grey Road 50 kilometres
Owen Sound 1 (2nd Avenue West) at 10th per hour
1
Street West (King’s Highway
No.21) (City of Owen Sound)
A point 760 metres south of the A point 86 metres south of the 60 kilometres
Intersection of Grey Road 2 at Intersection of Grey Road 2 at per hour
2
Gwendale Street (Maxwell) Gwendale Street (Maxwell)
Grey Road From To Rate of
No. Speed
A point 86 metres south of the The Intersection of Grey Road 50 kilometres
Intersection of Grey Road 2 at 2 at Grey Road 4 West per hour
2
Gwendale Street (Maxwell) Junction (Maxwell)
A point 400 metres south of the A point 150 metres north of the 50 kilometres
Intersection of Grey Road 2 at Intersection of Grey Road 2 at per hour
2 8th Concession B (geographic 8th Concession B (geographic
Township of Osprey) Township of Osprey)
(Feversham) (Feversham)
2 A point 150 metres north of the A point 317 metres north of the 40 kilometres
Intersection of Grey Road 2 at Intersection of Grey Road 2 at per hour
8th Concession B (geographic 8th Concession A (geographic
Township of Osprey) Township of Osprey)
(Feversham) (Feversham)
2 A point 317 metres north of the A point 817 metres north of the 60 kilometres
Intersection of Grey Road 2 at Intersection of Grey Road 2 at per hour
8th Concession A (geographic 8th Concession A (geographic
Township of Osprey) Township of Osprey)
(Feversham) (Feversham)
A point 698 metres south of the A point 165 metres north of the 50 kilometres
Intersection of Grey Road 2 at Intersection of Grey Road 2 at per hour
2
Grey Road 119 (Ravenna) Grey Road 119 (Ravenna)
A point 416 metres south of the A point 530 metres north of the 50 kilometres
Intersection of Grey Road 3 at Intersection of Grey Road 3 at per hour
3
Grey Road 9 East Junction Victoria Street West Junction
(Ayton) and Arthur Street (Ayton)
A point 24 metres north of the A point 714 metres north of the 60 kilometres
3 Intersection of Grey Road 3 at Intersection of Grey Road 3 at per hour
Old Bridge Road North Old Bridge Road North
A point 815 metres south of the A point 614 metres north of The 70 kilometres
Intersection of Grey Road 3 at Intersection of Grey Road 3 at per hour
3
Sideroad 8, (geographic Sideroad 8, (geographic
Township of Sullivan) Township of Sullivan)
A point 221 metres south of the The Intersection of Grey Road 50 kilometres
3 Intersection of Grey Road 3 at 3 at Grey Road 16 (Keady) per hour
Grey Road 16 (Keady)
The Intersection of Grey Road A point 229 metres north of the 50 kilometres
3 3 at Grey Road 16 (Keady) Intersection of Grey Road 3 at per hour
Grey Road 16 (Keady)
A point 540 metres south of the The Intersection of Grey Road 60 kilometres
Intersection of Grey Road 3 at 3 at King’s Highway No.21 per hour
3
King’s Highway No.21 (Jackson)
(Jackson)
Grey Road From To Rate of
No. Speed
A point 263 metres west of the The Intersection of Grey Road 50 kilometres
4 Intersection Grey Road 4 at 3rd 4 at Grey Road 10 and Bruce per hour
Avenue (Hanover) Road 10 (Hanover)
The Intersection of Grey Road The Intersection of Grey Road 50 kilometres
4 4 at Grey Road 10 and Bruce 4 at Grey Road 28 (Hanover) per hour
Road 10 (Hanover)
The Intersection of Grey Road A point 913 metres east of the 50 kilometres
4 4 at Grey Road 28 (Hanover) Intersection of Grey Road 4 at per hour
Grey Road 28 (Hanover)
A point 846 metres west of the A point 504 metres west of the 60 kilometres
4 Intersection of Grey Road 4 at Intersection of Grey Road 4 at per hour
Grey Road 27 (Durham) Grey Road 27 (Durham)
A point 504 metres west of the The Intersection of Grey Road 50 kilometres
4 Intersection of Grey Road 4 at 4 at King’s Highway No.6 per hour
Grey Road 27 (Durham) (Durham)
The Intersection of Grey Road A point 316 metres east of the 50 kilometres
4 4 at King’s Highway No.6 Intersection of Grey Road 4 at per hour
(Durham) Rock Street (Durham)
A point 316 metres east of the A point 48 metres east of the 70 kilometres
Intersection of Grey Road 4 at Intersection of Grey Road 4 at per hour
4 Rock Street (Durham) Concession 2 South Junction
(geographic Township of
Glenelg)
A point 41 metres west of the A point 44 metres east of the 50 kilometres
Intersection of Grey Road 4 at Intersection of Grey Road 4 at per hour
4
Artemesia-Glenelg Townline River Street (Priceville)
(Priceville)
A point 44 metres east of the A point 642 metres northeast of 60 kilometres
4 Intersection of Grey Road 4 at the Intersection of Grey Road 4 per hour
River Street (Priceville) at River Street (Priceville)
A point 181 metres northeast of A point 1113 metres northeast 50 kilometres
the Intersection of Grey Road 4 of the Intersection of Grey per hour
4
at Baseline and Wilcox Lake Road 4 at Baseline and Wilcox
Road (Ceylon) Lake Road (Ceylon)
A point 671 metres southwest The Intersection of Grey Road 50 kilometres
of the Intersection of Grey 4 at King’s Highway No.10 per hour
4
Road 4 at Harold Best Parkway (Flesherton)
(Flesherton)
The Intersection of Grey Road A point 528 metres northeast of 50 kilometres
4 4 at King’s Highway No.10 the Intersection of Grey Road 4 per hour
(Flesherton) at Victoria Street (Flesherton)
Grey Road From To Rate of
No. Speed
A point 903 metres west of the A point 609 metres west of the 70 kilometres
Intersection of Grey Road 4 at Intersection of Grey Road 4 at per hour
4
Grey Road 2 South Junction Grey Road 2 South Junction
(Maxwell) (Maxwell)
A point 609 metres west of the A point 662 metres east of the 50 kilometres
Intersection of Grey Road 4 at Intersection of Grey Road 4 at per hour
4
Grey Road 2 South Junction Grey Road 2 South Junction
(Maxwell) (Maxwell)
A point 662 metres east of the A point 1039 metres east of the 70 kilometres
Intersection of Grey Road 4 at Intersection of Grey Road 4 at per hour
4
Grey Road 2 South Junction Grey Road 2 South Junction
(Maxwell) (Maxwell)
4 A point 850 m west of Allan A point 450 metres east of 60 km/h
Park Road Allan Park Road
The Intersection of Grey Road A point 554 metres east of the 70 kilometres
5 5 at the Grey-Bruce Line Intersection of Grey Road 5 at per hour
the Grey-Bruce Line
A point 819 metres west of the A point 446 metres east of the 50 kilometres
Intersection of Grey Road 5 at Intersection of Grey Road 5 at per hour
5 Concession 7 (geographic Concession 7 (geographic
Township of Derby) (Kilsyth) Township of Derby) (Kilsyth)
The Intersection of Grey Road A point 416 metres southwest 60 kilometres
5 at Grey Road 18 North of the Intersection of Grey per hour
5
Junction (Waverly Heights) Road 5 at Inglis Falls Road
(Creamery Hill)
A point 416 metres southwest The south limits of the City of 50 kilometres
of the Intersection of Grey Owen Sound at the Intersection per hour
5
Road 5 at Inglis Falls Road of Grey Road 5 at 1st Street.
(Creamery Hill) South West
The south limits of the City of The Intersection of Grey Road 50 kilometres
Owen Sound at Grey Road 5 5 (2nd Avenue East) at 6th per hour
5
(2nd Avenue East) at 1st Street. Street East (Owen Sound)
South West
The Intersection of Grey Road The Intersection of Grey Road 50 kilometres
5 5 (6th Street East) at 2nd 5 (6th Street East) at 9th per hour
Avenue East (Owen Sound) Avenue East (Owen Sound)
The Intersection of Grey Road A point 556 metres east of the 50 kilometres
5 (8th Street East) at 9th Intersection of Grey Road 5 (8th per hour
5
Avenue East (Owen Sound) Street East) at 16th Avenue
East (Owen Sound)
A point 53 metres north of the The Intersection of Grey Road 50 kilometres
7 Intersection of Grey Road 7 at 7 at King’s Highway No.26 per hour
Muir Street (geographic Town of Meaford)
Grey Road From To Rate of
No. Speed
The Intersection of Grey Road A point 652 metres east of 50 kilometres
9 at Grey Road 10 South Intersection of Grey Road 9 at per hour
9
Junction (Neustadt) Grey Road 10 North Junction
(Neustadt)
The Intersection of Grey Road A point 357 metres east of 50 kilometres
9 at Grey Road 3 South Intersection of Grey Road 9 at per hour
9
Junction (Ayton) Grey Road 3 South Junction
(Ayton)
A point 262 metres west of the A point 299 metres east of the 50 kilometres
Intersection of Grey Road 9 at Intersection of Grey Road 9 at per hour
9
Grey Road 14 (Hopeville) Grey Road 14 (Hopeville)
A point 22 metres west of the The Intersection of Grey Road 40 kilometres
Intersection of Grey Road 9 at 9 at King’s Highway No.10 per hour
9
Ida Street (Dundalk) (Dundalk)
A point 234 metres south of the The Intersection of Grey Road 50 kilometres
Intersection of Grey Road 9 at 9 at South Line C and Road 63 per hour
9 South Line C and Road 63 (geographic Township of
(geographic Township of Osprey) (Badjeros)
Osprey) (Badjeros)
The Intersection of Grey Road A point 122 metres east of the 50 kilometres
9 at Road 63 and South Line C Intersection of Grey Road 9 at per hour
9 (geographic Township of Road 63 and South Line C
Osprey) (Badjeros) (geographic Township of
Osprey) (Badjeros)
A point 410 metres south of the The Intersection of Grey Road 50 kilometres
Intersection of Grey Road 10 at 10 at Grey Road 9 West per hour
10
Tower Street (Neustadt) Junction and Queen Street
(Neustadt)
The Intersection of Grey Road A point 660 metres north of the 50 kilometres
10 at Grey Road 9 East Intersection of Grey Road 10 at per hour
10
Junction and Adam Street John Street (Neustadt)
(Neustadt)
A point 531 metres south of the The Intersection of Grey Road 50 kilometres
10 Intersection of Grey Road 10 at 10 at Grey Road 4 and Bruce per hour
2nd Street (Hanover) Road 10 (Hanover)
The Intersection of Bruce Road The Intersection of Bruce Road 50 kilometres
Bruce
10 at Grey Road 4 and Grey 10 at Grey Road 28 (Hanover) per hour
Road 10
Road 10 (Hanover)
The Intersection of Bruce Road A point 192 metres north of the 60 kilometres
Bruce
10 and Grey Road 28 Intersection of Bruce Road 10 per hour
Road 10
(Hanover) at Grey Road 28
Grey Road From To Rate of
No. Speed
A point 922 metres south of the A point 383 metres south of the 70 kilometres
Bruce Intersection of Bruce Road 10 Intersection of Bruce Road 10 per hour
Road 10 at Queen Street East and West at Queen Street East and West
(Elmwood) (Elmwood)
A point 383 metres south of the A point 750 metres north of the 50 kilometres
Bruce Intersection of Bruce Road 10 Intersection of Bruce Road 10 per hour
Road 10 at Queen Street East and West at Queen Street East and West
(Elmwood) (Elmwood)
A point 750 metres north of the A point 1250 metres north of 70 kilometres
Bruce Intersection of Bruce Road 10 the Intersection of Bruce Road per hour
Road 10 at Queen Street East and West 10 at Queen Street East and
(Elmwood) West (Elmwood)
A point 143 metres south of the The Intersection of Bruce Road 50 kilometres
Intersection of Bruce Road 10 10 at Grey Road 25 and the per hour
Bruce
at Grey Road 25 and the Grey- Grey-Bruce Line (Scone)
Road 10
Bruce Line (Scone)
The Intersection of Grey-Bruce A point 407 metres north of the 50 kilometres
Grey-
Line at Grey Road 25 and Intersection of Grey-Bruce Line per hour
Bruce
Bruce Road 10 (Scone) at Grey Road 25 and Bruce
Line
Road 10 (Scone)
A point 407 metres north of the A point 802 metres north of the 70 kilometres
Grey-
Intersection of Grey-Bruce Line Intersection of Grey-Bruce Line per hour
Bruce
at Grey Road 25 and Bruce at Grey Road 25 and Bruce
Line
Road 10 (Scone) Road 10 (Scone)
A point 950 metres south of the A point 790 metres south of the 70 kilometres
Intersection of Bruce Road 10 Intersection of Bruce Road 10 per hour
Bruce
at King’s Highway No.6 at King’s Highway No.6
Road 10
(Hepworth) (Hepworth)
A point 790 metres south of the The Intersection of Bruce Road 50 kilometres
Bruce Intersection of Bruce Road 10 10 at King’s Highway No.6 per hour
Road 10 at King’s Highway No.6 (Hepworth)
(Hepworth)
A point 496 metres southwest A point 35 metres southwest of 60 kilometres
of the Intersection of Grey the Intersection of Grey Road per hour
12 Road 12 at Sideroad 40 12 at Sideroad 40 (geographic
(geographic Township of Township of Glenelg)
Glenelg)
A point 151 metres east of the The Intersection of Grey Road 50 kilometres
12 Intersection of Grey Road 12 at 12 at King’s Highway No.10 per hour
Ford’s Drive (Markdale) (Markdale)
Grey Road From To Rate of
No. Speed
The Intersection of Grey Road A point 284 metres east of the 50 kilometres
12 12 at King’s Highway No.10 Intersection of Grey Road 12 at per hour
(Markdale) Lawler Street (Markdale)
A point 192 metres east of the The Intersection of Grey Road 50 kilometres
Intersection of Grey Road 12 at 12 at King’s Highway No.26 per hour
12 7th Line (geographic Township (geographic Town of Meaford)
of St. Vincent)
12 192 metres east of the 725 m west of 7th Line 50 km/h
(Meaford)
Intersection of Grey Road 12 at
the 7th Line
A point 105 metres south of the A point 234 metres north of the 40 kilometres
13 Intersection of Grey Road 13 at Intersection of Grey Road 13 at per hour
Raglan Street (Eugenia) North Street (Eugenia)
13 510 m south of the intersection 105 m south of the intersection 60 km/h
of Raglan Street (Eugenia) of Raglan Street
13 234 m north of the intersection 624 m north of the intersection 60 km/h
of North Street (Eugenia) of North Street
13 100 m south of the intersection A point 578 metres north of the 60 km/h
of Grey Road 30 Intersection of Grey Road 13 at
Grey Road 30 (Kimberley)
A point 578 metres north of the A point 293 metres south of the 40 kilometres
13 Intersection of Grey Road 13 at Intersection of Grey Road 13 at per hour
Grey Road 30 (Kimberley) Grey Road 7 (Kimberley)
13 A point 293 metres south of the 460 m north of the intersection 60 km/h
Intersection of Grey Road 13 at of Grey Road 7
Grey Road 7 (Kimberley)
13 A point 299 metres north of the A point 799 metres north of the 60 kilometres
Intersection of Grey Road 13 at Intersection of Grey Road 13 at per hour
Sideroad 22C (geographic Sideroad 22C (geographic
Township of Euphrasia) and 21st Township of Euphrasia) and 21st
Sideroad (Town of Blue Sideroad (Town of Blue
Mountains) (Heathcote) Mountains) (Heathcote)
A point 799 metres north of the A point 178 metres south of the 50 kilometres
Intersection of Grey Road 13 at Intersection of Grey Road 13 at per hour
Sideroad 22C (geographic The Blue Mountains –
13 Township of Euphrasia) and Euphrasia Townline and
21st Sideroad (Town of Blue Sideroad 25 (geographic
Mountains) (Heathcote) Township of Euphrasia)
(Heathcote)
Grey Road From To Rate of
No. Speed
A point 178 metres south of the A point 123 metres east of the 60 kilometres
Intersection of Grey Road 13 at Intersection of Grey Road 13 per hour
The Blue Mountains – and The Blue Mountains –
13
Euphrasia Townline and Euphrasia Townline and
Sideroad 25 (geographic Sideroad 25 (geographic
Township of Euphrasia) Township of Euphrasia)
A point 787 metres north of the A point 75 metres northeast of 50 kilometres
Intersection of Grey Road 13 at the Intersection of Grey Road per hour
13
Grey Road 40 (Clarksburg) 13 at Grey Road 113
(Thornbury)
A point 75 metres northeast of The Intersection of Grey Road 40 kilometres
the Intersection of Grey Road 13 at King’s Highway No.26 per hour
13
13 at Grey Road 113 (Thornbury)
(Thornbury)
A point 216 metres west of the A point 393 metres east of the 50 kilometres
14 Intersection of Grey Road 14 at Intersection of Grey Road 14 at per hour
Feairs Drive (Cedarville) Feairs Drive (Cedarville)
A point 295 metres south of the The Intersection of Grey Road 50 kilometres
14 Intersection Grey Road 14 at 14 at Grey Road 9 (Hopeville) per hour
Grey Road 9 (Hopeville)
The Intersection of Grey Road A point 186 metres north of the 50 kilometres
14 14 at Grey Road 9 (Hopeville) Intersection Grey Road 14 at per hour
Grey Road 9 (Hopeville)
The Intersection of Grey Road The Intersection of Grey Road 50 kilometres
15 (3rd Avenue East) at Grey 15 (3rd Avenue East) at 10th per hour
15
Road 5 (6th Street East) (City of Street East (King’s Highway
Owen Sound) No.21) (City of Owen Sound)
The Intersection of Grey Road The north limits of the City of 50 kilometres
15 (3rd Avenue East) at 10th Owen Sound per hour
15
Street East (King’s Highway
No.21) (City of Owen Sound)
The north limits of the City of A point 393 metres northeast of 50 kilometres
15 Owen Sound the Owen Sound City Limits per hour
A point 393 metres northeast of A point 1852 metres southwest 60 kilometres
the Owen Sound City Limits of the Intersection of Grey per hour
15
Road 15 & Princes Street
(Leith)
A point 1852 metres southwest A point 344 metres southeast 50 kilometres
of the Intersection of Grey of the Intersection of Grey per hour
15
Road 15 & Princes Street Road 15 & Princes Street
(Leith) (Leith)
Grey Road From To Rate of
No. Speed
A point 470 metres northwest The Intersection of Grey Road 50 kilometres
of the Intersection of Grey 15 at Sydenham Lakeshore per hour
Road 15 at Sydenham Drive and Sideroad 33
15
Lakeshore Drive and Sideroad (geographic Township of
33 (geographic Township of Sydenham) (Annan)
Sydenham) (Annan)
The Intersection of Grey Road A point 208 metres southwest 50 kilometres
15 at Sideroad 33 and of the Intersection of Grey per hour
Sydenham Lakeshore Drive Road 15 at Sideroad 33 and
15 (geographic Township of Sydenham Lakeshore Drive
Sydenham) (Annan) (geographic Township of
Sydenham) (Annan)
A point 1,665 metres north of A point 575 metres north of 70 kilometres
the Intersection of Grey Road the Intersection of Grey per hour
15
15 at King’s Highway No. 26 Road 15 at King’s Highway
No. 26
A point 575 metres north of the The Intersection of Grey Road 50 kilometres
15 Intersection of Grey Road 15 at 15 at King’s Highway No.26 per hour
King’s Highway No.26
A point 800 metres west of the The Intersection of Grey Road 50 kilometres
16 Intersection of Grey Road 16 at 16 at Grey Road 3 (Keady) per hour
Grey Road 3 (Keady)
The Intersection of Grey Road A point 478 metres east of the 50 kilometres
16 16 at Grey Road 3 (Keady) Intersection of Grey Road 16 per hour
and Grey Road 3 (Keady)
The Intersection of Grey Road The Intersection of Grey Road 60 kilometres
17
17 at King’s Highway No.6 17 at Grey Road 17B per hour
17B The Intersection of Grey Road The Intersection of Grey Road 60 km/h
17B at Grey Road 17 17B at West Street
17B The Intersection of Grey Road The Intersection of Grey Road 50 km/h
17B at West Street 17B at Sommers Street
The Intersection of Grey Road The Intersection of Grey Road 50 kilometres
17B at Sommers Street 17B at 10th Street West (Owen per hour
17B
Sound) and King’s Highway
No.21
A point 562 metres west of the The Intersection of Grey Road 60 kilometres
Intersection of Grey Road 18 at 18 at King’s Highway No.6 and per hour
18
King’s Highway No.6 and No.10 (Rockford)
No.10 (Rockford)
Grey Road From To Rate of
No. Speed
The Intersection of Grey Road A point 651 metres east of the 60 kilometres
18 at King’s Highway No.6 and Intersection of Grey Road 18 at per hour
18
No.10 (Rockford) King’s Highway No.6 and
No.10 (Rockford)
A point 681 metres south of the The Intersection of Grey Road 60 kilometres
Intersection of Grey Road 18 at 18 at King’s Highway No.26 per hour
18
King’s Highway No.26 (Woodford)
(Woodford)
The Intersection of Grey Road The Intersection of Grey Road 60 kilometres
19 at The Blue Mountains- 19 at Grey Road 21 and per hour
19
Clearview Townline Mountain Road (geographic
Town of Collingwood)
The Intersection of Grey Road The Round-A-Bout on Grey 60 kilometres
19 at Grey Road 21 and Road 19 at Grey Road 119 and per hour
19
Mountain Road (geographic Gord Canning Drive
Town of Collingwood)
The Round-A-Bout on Grey A point 77 metres southeast of 60 kilometres
19 Road 19 at Grey Road 119 and the Intersection of Grey Road per hour
Gord Canning Drive 19 at Monterra Road
A point 77 metres southeast of The Intersection of Grey Road 50 kilometres
19 the Intersection of Grey Road 19 at King’s Highway No.26 per hour
19 at Monterra Road
The Intersection of Grey Road The Intersection of Grey Road 60 kilometres
21 at Grey Road 19 and 21 at King’s Highway No.26 per hour
21
Mountain Road (geographic
Town of Collingwood)
The Intersection of Grey Road A point 233 m east of the 50 kilometres
25 at Bruce Road 10 and Grey Intersection of Grey Road 25 at per hour
25 Bruce Line (Scone) Bruce Road 10 and Grey Bruce
Line (Scone)
A point 293 m west of the The Intersection of Grey Road 50 kilometres
25 Intersection of Grey Road 25 at 25 at King’s Highway No.6 per hour
King’s Highway No.6 (Dornoch) (Dornoch)
The Intersection of Grey Road The Intersection of Grey Road 50 kilometres
27 27 at Grey Road 4 (Durham) 27 at King’s Highway No.6 per hour
(Durham)
A point 739 metres south of the The Intersection of Grey Road 50 kilometres
28 Intersection of Grey Road 28 at 28 at Grey Road 4 (Hanover) per hour
Grey Road 4 (Hanover)
The Intersection of Grey Road A point 1106 metres north of 50 kilometres
28 28 at Grey Road 4 (Hanover) the intersection of Grey Road per hour
28 at Grey Road 4 (Hanover)
Grey Road From To Rate of
No. Speed
A point 110 metres southeast A point 452 metres east of the 50 kilometres
of the Intersection of Grey Intersection of Grey Road 29 at per hour
Road 29 at Deviation Road Concession 11 (geographic
29
(geographic Township of Township of Holland) (Walter’s
Holland) (Walter’s Falls) Falls)
29 The intersection of Grey Road A point 110 metres southeast 60 km/h
40 and Grey Road 29 of the Intersection of Grey
Road 29 at Deviation Road
(geographic Township of
Holland) (Walter’s Falls)
A point 193 metres south of the A point 548 metres north of the 50 kilometres
Intersection of Grey Road 29 at Intersection of Grey Road 29 at per hour
29 Bognor-John Street (Bognor) Sideroad 6 (geographic
Township of Sydenham)
(Bognor)
30 250 m west of Valley Crescent The intersection of Grey Road 50 km/h
30 at Grey Road 32
The Intersection of Grey Road The Intersection of Grey Road 60 kilometres
30
30 at Grey Road 32 30 at Grey Road 13 per hour
A point 34 metres east of the A point 719 metres east of the 60 kilometres
Intersection of Grey Road 31 at Intersection of Grey Road 31 at per hour
31
Road 63 and Pretty River Road Road 63 and Pretty River Road
(Rob Roy) (Rob Roy)
A point 522 metres north of the A point 407 metres south of the 70 kilometres
31 Intersection of Grey Road 31 at Intersection of Grey Road 31 at per hour
Simcoe Road 91 Simcoe Road 91
A point 754 metres north of the A point 315 metres north of the 70 kilometres
Intersection of Grey Road 31 at Intersection of Grey Road 31 at per hour
31 Grey Road 124 and Simcoe Grey Road 124 and Simcoe
Road 124 (Singhampton) Road 124 (Singhampton)
A point 315 metres north of the The Intersection of Grey Road 60 kilometres
Intersection of Grey Road 31 at 31 at Grey Road 124 and per hour
31 Grey Road 124 and Simcoe Simcoe Road 124
Road 124 (Singhampton) (Singhampton)
The Intersection of Grey Road The Intersection of Grey Road 70 kilometres
32
32 at King’s Highway No.10 32 at Grey Road 30 per hour
A point 134 metres west of the The Intersection of Grey Road 50 kilometres
Intersection of Grey Road 40 at 40 at Concession 8 and Side per hour
40 Concession 8 and Side Road Road 4A (geographic Township
4A (geographic Township of of Sullivan) (Desboro)
Sullivan) (Desboro)
Grey Road From To Rate of
No. Speed
The Intersection of Grey Road A point 1030 metres north of 50 kilometres
40 at Concession 8 and Side the Intersection of Grey Road per hour
Road 4A (geographic Township 40 at Concession 8 and Side
40
of Sullivan) (Desboro) Road 4A (geographic Township
of Sullivan) (Desboro)
The Intersection of Grey Road The Intersection of Grey Road 50 kilometres
40 (McNab Street) at King’s 40 (McNab Street) at King’s per hour
40
Highway No.6 (geographical Highway No.10 (geographical
Village of Chatsworth) Village of Chatsworth)
A point 511 metres west of the A point 820 metres east of the 70 kilometres
Intersection of Grey Road 40 at Intersection of Grey Road 40 at per hour
40 The Blue Mountains - The Blue Mountains -
Euphrasia Townline Euphrasia Townline
A point 69 metres west of the The Intersection of Grey Road 60 kilometres
Intersection of Grey Road 40 at 40 at King’s Highway No.26 per hour
40
7th Line (Town of The Blue
Mountains)
A point 703 metres south of the The Intersection of Grey Road 50 kilometres
Intersection of Grey Road 109 109 at Southgate Road 12 per hour
109
at Southgate Road 12 (Holstein)
(Holstein)
The Intersection of Grey Road A point 162 metres south of the 40 kilometres
109 at Southgate Road 12 Intersection of Grey Road 109 per hour
109
(Holstein) at Southgate Road 14 East
Junction (Holstein)
The Intersection of Grey Road The south boundary of the 70 kilometres
112 112 at King’s Highway No.26 Department of National per hour
Defence Tank Range property
The Intersection of Grey Road A point 111 metres south of the 50 kilometres
113 113 at Grey Road 13 Intersection of Grey Road 113 per hour
(Thornbury) at Baring Street (Thornbury)
113 A point 111 metres south of the Kings Highway 26 60 km/h
Intersection of Grey Road 113
at Baring Street (Thornbury)
A point 517 metres west of the The Intersection of Grey Road 60 kilometres
119 Intersection of Grey Road 119 119 at Grey Road 2 (Ravenna) per hour
at Grey Road 2 (Ravenna)
The intersection of Grey Road A point 300 metres west of the 70 kilometres
119 at Grey Road 2 (Ravenna intersection of Grey Road 119 per hour
119
– Town of The Blue Mountains) at 4th Line (Banks – Town of
The Blue Mountains)
Grey Road From To Rate of
No. Speed
A point 300 metres west A point 365 m east of the 50 kilometres
of the intersection of Grey intersection of Grey Road 119 per hour
119
Road 119 at 4th Line (Banks – at 4th Line (Banks – Town of
Town of The Blue Mountains) The Blue Mountains)
A point 365 m east of the A point 139 metres west of the 70 kilometres
intersection of Grey Road 119 Intersection of Grey Road 119 per hour
119
at 4th Line (Banks – Town of at 15th Sideroad (Town of The
The Blue Mountains) Blue Mountains)
A point 139 m west of the The Round-A-Bout on Grey 50 kilometres
Intersection of Grey Road 119 Road 119 at Grey Road 19 and per hour
119 at 15th Sideroad (Town of the Gord Canning Drive
Blue Mountains)
A point 438 metres north of the The Intersection of Grey Road 50 kilometres
Intersection of Grey Road 124 124 at Grey Road 31 and per hour
124
at Grey Road 4 Simcoe Road 124
(Singhampton)
The Intersection of Grey Road A point 435 metres northeast of 50 kilometres
170 and Kings Highway No.6 the Intersection of Grey Road per hour
170 (Shallow Lake) 170 at King’s Highway No.6
(Shallow Lake)
Schedule “P”
By-Law 4788-13
Amended by By-law 4947-16, 5039-18, and 5072-20, 5096-20, 5119-21, 5216-25 and
5313-26
Section 5.3 (b)
Community Safety Zones – Anytime
Column Column 2 Column 3 Column 4
1
Grey Location From To
Road
No.
2 Community of Ravenna A point 650m south of A point 150m north of
Total of 0.8 kilometres Grey County Road 19 Grey County Road 19
2 Feversham A point 200 metres A point 400 metres north
north of the of the Intersection of
Intersection of Grey Grey Road 2 at 8th
Road 2 at 8th Concession A / River
Concession B Road (geographic
(geographic Township Township of Osprey)
of Osprey) (Feversham)
(Feversham)
4 Town of Hanover The intersection of The intersection of
County Road No. 4 County Road No. 4 and
and 13th Avenue 17th Avenue
4 Priceville 50 metres east of 130 metres east of
Artemesia-Glenelg Rivers Street
Townline
4 Ceylon 100 metres east of 178 metres west of
Wilcox Lake Road West Back Line
4 Maxwell 464 metres west of 736 metres east of
Road 45 Road 45
5 Community of Kilsyth A point 200 metres 550 metres west of the
east to 550 metres intersection of Grey
west of the Road No. 5 and
intersection of Grey Concession 7 of the
Road No. 5 and geographic Township of
Concession 7 of the Derby
geographic Township
of Derby
Column Column 2 Column 3 Column 4
1
Grey Location From To
Road
No.
7 Municipality of Meaford Highway 26 Southerly A point 50m north of the
700 m Junction of Muir St.
7 Griersville 250 metres south of 460 metres north of Old
Old Mail Road Mail Road
9 Community of Dundalk – A point 75 metres The intersection of
(Total distance of 1,120 southwest of the Artemesia Street
metres) intersection of Ida
Street
10 Town of Hanover A point 300 metres 250 metres south of the
north of the intersection of Grey
intersection of Grey Road No. 10 and 3rd
Road No. 10 and 3rd Street
Street
10 Community of Neustadt A point 750 m north A point 50m NW of
Total distance of 1650 of the Junction of Tower Street.
metres Grey County Road 9
13 Communities of Clarksburg 150 m south of the The intersection of
and Thornbury – intersection of the Napier Street,
10th Line, Clarksburg, Thornbury, easterly
northerly
13 Community of Heathcote A point 100m south of A point 150 m east of
Total of 1.2 kilometres Church Street the Blue Mountains/
Euphrasia Townline
13 Community of Kimberley 100 m south of the 460 m north of the
intersection of Grey intersection of Grey
Road 30 Road 7
13 Community of Eugenia A point 300 m north 150 m north of the
Total of 1.6 kilometres of the intersection at intersection at North
St. Arnaud Street Street
14 Cedarville 166 metres west of 443 metres east of
Feairs Drive Feairs Drive
27 Community of Durham – The intersection of The intersection of
Highway 6 westerly Bruce Street (County
Road 4)
29 Bognor 50 metres south of 725 metres south of
Sideroad 6 Sideroad 6
Column Column 2 Column 3 Column 4
1
Grey Location From To
Road
No.
29 Community of Walters Falls A point 85 metres A point 420 metres east
southeast of of the intersection of
Deviation Road Concession 11
124 Grey Highlands Collingwood Road 693 metres south of
(Singhampton) Collingwood Road
---
Attachment: 5314-26 - A By-law to Confirm the Proceedings of Council (November 12) of the Corporation of the County of Grey.pdf
Source: https://helpos.ca/attachments/7c6144739fda0d63630c63560cb9e0e96c186ae10281a8be2ebe20cc95e612c9/8-4-5314-26-a-by-law-to-confirm-the-proceedings-of-council-november-12-of-the-corporation-of-t.pdf
Corporation of the County of Grey
By-law 5314-26
A By-law to confirm all actions and proceedings of the Council
WHEREAS Section 5 of the Municipal Act, 2001, as amended, states that the powers of
a municipality shall be exercised by its Council;
AND WHEREAS Section 5 (3) of the Municipal Act, 2001, as amended, provides that
municipal powers shall be exercised by by-law;
NOW THEREFORE BE IT RESOLVED THAT THE COUNCIL OF
THE CORPORATION OF THE COUNTY OF GREY HEREBY ENACTS AS FOLLOWS:
1. The actions of the Council of the Corporation of the County of Grey at its meetings
held on October 22, 2026, to date, in respect of each recommendation contained in
the Reports to Committee of the Whole, and each motion and resolution passed,
and any other actions taken by Council at these meetings are hereby adopted and
confirmed as if such proceedings were expressly embodied in this By-law.
2. The Warden and proper officers of the Corporation of the County of Grey are hereby
authorized and directed to do all things necessary to give effect to the said action, to
obtain approvals where required and to execute all documents necessary in that
behalf.
ENACTED AND PASSED this 12th day of November, 2026.
___________________________ ______________________________
WARDEN: Andrea Matrosovs CLERK: Tara Warder