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HomeMy WebLinkAboutBy-law 3714/91THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 3714/91 Being a by-law to authorize the execution of a Partial Release of an Agreement between Karvon Construction Limited and the Town respecting Part Lot 29, Concession I, Pickering (Part 2, Plan 40R-12467). WHEREAS the development of that part of Lot 29, Concession 1, Pickering, designated as Part 2, Plan 40R-12467, will now be governed by the provisions of the Subdivision Agreement affecting Plan 40M-1643, Picketing and no longer by the Development Agreement between the Town and Karvon Construction Limited dated August 8, 1989 and registered January 5, 1990, as Instrument No. D332509; NOW THEREFORE, the Council of The Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: The Mayor and Clerk are hereby authorized to execute a Partial Release, in the foim attached hereto as Schedule A, of an Agreement dated August 8, 1989 and registered lanuary 5, 1990, as Instrument No. D332509, between The Corporation of the Town of Picketing and Karvon Construction Limited, respecting that part of Lot 29, Concession 1, Picketing, designated as Part 2, Plan 40R-12467. BY-LAW read a first, second and third time and f'mally passed this 21 st day of May, 1991. W~yne ~t(rs, Mayor '~Bmce Taylor, Clerk ~OWN OF' PICKERING APPROVED SCI~IEDUI~ A PARTIAL RELEASE In consideration of the sum of Two Dollars ($2.00) paid to it, receipt of which is hereby by it acknowledged, THE CORPORATION OF THE TOWN OF PICKERING hereby releases and forever discharges KARVON CONSTRUCTION LIMITED its successors and assigns, of and from all claims, demands, damages, actions or causes of action which may have arisen, are arising, or may arise as a result of or in any way related to an Agreement dated August 8, 1989 and registered as Instrument No. D332509, on January 5, 1990, between THE CORPORATION OF THE TOWN OF PICKERING and KARVON CONSTRUCTION LIMITED conceming that part of Lot 29, Concession 1, Picker'mg, designated as Part 2, Plan 40R-12467. IN WITNESS WHEREOF The Corporation of the Town of Picketing has hereunto allured its corporate seal attested by its properly authorized officers this 21st day of May, 1991. SIGNED, SEALED & DELIVERED THE CORPORATION OF THE TOWN OF PICKERING Wayne Arthurs, Mayor Brace Taylor, Clerk