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HomeMy WebLinkAboutBy-law 4754/96 THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 4754/96 Being a by-law to authorize the execution of a Release and Discharge of the Subdivision Agreement respecting Lots 8-37, inclusive, Plan 40M-1507, Picketing. WHEREAS, pursuant to the Planning Act, R.S.O. 1990, chapter P.13, section 51, or a predecessor thereof, The Corporation of the Town of Pickering and Danlu Holdings Limited and Perdanco Holdings Ltd. and Inperdel Holdings Limited entered into an Agreement dated August 4, 1987, Notice of which was registered on December 22, 1987 as Instrument No. LT365116, respecting the subdivision and development of Lots 8-37, inclusive, Plan 40M-1507, Picketing; and WHEREAS, the terms and conditions of that Agreement, insofar as it affects those lands, have been complied with to the satisfaction of the Town; NOW THEREFORE, the Council of The Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: 1. The Mayor and Clerk are hereby authorized to execute a Release and Discharge, in the form attached hereto as Schedule A, of the Agreement dated August 4, 1987, Notice of which was registered December 22, 1987 as Instrument No. LT365116, between Danlu Holdings Limited and Perdanco Holdings Ltd. and Inperdel Holdings Limited and The Corporation of the Town of Pickering, respecting the subdivision and development of Lots 8-37, inclusive, Plan 40M-1507, Pickering. 2. Schedule A attached hereto forms part of this By-law. BY-LAW read a first, second and third time and finally passed this 18th day of March, 1996. Wayne Arthurs, Mayor Bruce Taylor, Clerk TOWh~ OF DEPT. Schedule A RELEASE AND DISCHARGE WHEREAS, the Agreement dated August 4, 1987, Notice of which was registered on December 22, 1987, in the Land Registry Office for the Land Titles Division of Durham (No. 40) as Instrument No. LT365116, between, DANLU HOLDINGS LIMITED and PERDANCO HOLDINGS LTD. and INPERDEL HOLDINGS LIMITED hereinafter collectively referred to as the "Company" and THE CORPORATION OF THE TOWN OF PICKERING hereinafter referred to as the "Town", provided for the subdivision and development of lands affected hereby; and WHEREAS, the terms and conditions of that Agreement have been complied with to the satisfaction of the Town with respect to the lands affected hereby; THE TOWN HEREBY remises, releases and forever discharges the Company, its successors and assigns, from any and all liabilities, actions, causes of action, debts, claims or demands of any kind whatsoever which the Company may have been, is, or may become subject to pursuant to the provisions of the Agreement. THIS RELEASE AND DISCHARGE affects the lands described as: Lots 8-37, inclusive, Plan 40M-1507, Picketing. IN WITNESS WHEREOF, the Town has hereunto affixed its corporate seal, attested to by its properly authorized officers. DATED at Pickering, Ontario this 18th day of March, 1996. THE CORPORATION OF THE TOWN OF PICKERING Wayne Arthurs, Mayor Bruce Taylor, Clerk