Determination of capital expenditure
7. (1) The Commission may from time to time determine what money will be required for capital expenditures in connection with the Parks. R.S.O. 1990, c. S.23, s. 7 (1). Portion to be raised by participating municipalities (2) The portion of the money so required that each participating municipality shall raise shall be determined by the Commission, subject to the approval of at least three of the participating municipalities. R.S.O. 1990, c. S.23, s. 7 (2). Notice of apportionment (3) When the Commission has determined the portion that each participating municipality shall raise, it shall cause a notice containing a statement of such apportionment to be sent to the council of each participating municipality by registered mail. R.S.O. 1990, c. S.23, s. 7 (3). Review of apportionment by O.M.B. (4) Any participating municipality that is dissatisfied with any such apportionment may, within one month after it receives notice of the apportionment, notify the secretary of the Ontario Municipal Board and the Commission in writing by registered mail that it applies for a review of the apportionment by the Ontario Municipal Board. R.S.O. 1990, c. S.23, s. 7 (4). Hearing (5) Upon such application, the Ontario Municipal Board shall fix a date for the hearing of all interested parties and shall give all necessary directions for the hearing. R.S.O. 1990, c. S.23, s. 7 (5). Powers of O.M.B. on hearing (6) The Ontario Municipal Board has authority to take evidence, to confirm or vary the apportionment of the Commission and to fix and award costs, and its decision is final and conclusive and is not open to appeal. R.S.O. 1990, c. S.23, s. 7 (6). How money to be raised (7) Each participating municipality shall raise by the issue of debentures or otherwise its portion of the money required by the Commission for capital expenditure as apportioned by the Commission or by the Ontario Municipal Board on an appeal. R.S.O. 1990, c. S.23, s. 7 (7); 1996, c. 32, s. 98. Limited benefit in city (8) Where the council of a participating city is of opinion that the major part of the benefit to be derived from a specific work accrues to a limited area of the city, the council may by by-law provide that a specified portion of the money required to be raised by the city for capital expenditure in connection with that work shall be raised by a special rate upon the rateable property in that area, which area shall be defined in the by-law, and the balance of such money shall be raised by a special rate upon the rateable property in the remaining portion of the city. R.S.O. 1990, c. S.23, s. 7 (8). Limited benefit in county (9) Where the council of a participating county is of opinion that the major part of the benefit to be derived from a specific work accrues to a certain local municipality or local municipalities that form part of the county for municipal purposes, the council may by by-law provide that a specified portion of the money required to be raised by the county for capital expenditure in connection with that work shall be raised by a special rate upon the rateable property of such local municipality or municipalities, and the balance of such money shall be raised by a special rate upon the rateable property in the remaining local municipalities that form part of the county for municipal purposes. R.S.O. 1990, c. S.23, s. 7 (9).