BEING A BY-LAW TO AUTHORIZE THE EXECUTION OF AN AGREEMENT DATED THE 23RD DAY OF MAY, 2007 BETWEEN THE CORPORATION OF THE CITY OF NORTH BAY AND THE NORTH BAY-MATTAWA CONSERVATION AUTHORITY RELATING TO THE TERMINATION OF THE EXISTING LOAN AGREEMENT AND THE DISCHARGE OF THE UNDISCLOSED CONSERVATION AUTHORITY LOANS WITH THE HERITAGE FUND.