HomeMy WebLinkAboutBy-law 5216/98THE CORPORATION OF THE TOWN OF PICKERING
BY-LAW NO. 5216/98
Being a by-law to authorize the execution ora Development
Agreement and related documentation respecting the
development of a turning circle at the south end of part of
the Road Allowance between Lots 30 and 31, Range 3,
B.F.C., Pickering, designated as Parts 6, Plan 40R-XXXXX
[Yorkville Sound].
WHEREAS Yorkville Sound is desirous of purchasing a portion of the road allowance known as Parts 4 and
5, Plan 40R-XXXX;
AND WHEREAS, the Council of The Corporation of the Town of Pickering passed a by-law to stop-up and
close that part of the Road Allowance between Lots 30 and 31, Range 3, B.F.C, Pickering, designated as
Parts 4 and 5, Plan 40R-XXXXX (Rosebank Road) for the purposes of selling to Yorkville Sound; and
AND WHEREAS, one of the conditions imposed by the Town was that, prior to the finalization of this
transaction, Yorkville Sound enter into a Development Agreement with the Town to provide for the
construction of a turning circle at the south end of the closed road allowance;
NOW THEREFORE, the Council of The Corporation of the Town of Pickering HEREBY ENACTS AS
FOLLOWS:
1. (a)
(b)
The Mayor and Clerk are hereby authorized to execute a financially secured Development
Agreement prepared in a form satisfactory to the Town Solicitor, between Yorkville Sound
and The Corporation of the Town of Pickering, respecting the development of a turning
circle at the south end of the closed Road Allowance between Lots 30 and 31, Range 3,
B.F.C, Pickering, designated as Part 6, Plan 40R-XXXXX.
The Corporation of the Town of Pickering shall acquire those lands or interests in the lands
identified in Schedule A of the Development Agreement subject to the terms and conditions
and for the purposes set out therein.
BY-LAW read a first, second and third time and finally passed this 2nd day of March, 1998.
Wayne Arthurs, Mayor
~l~ruce Taylor, Clerk