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Home My WebLink AboutBy-law 2513/87THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 2513/87 Being a by-law to authorize the execution of an Agreement of Purchase and Sale for the acquisi- tion by the Town of Part Lot 21, Concession 1, (Part 26, Plan 40R-7765) and Block 16, Plan 40M-1231, Picketing. WHEREAS, pursuant to the provisions of the section 193(1) of the Municipal Act, R.S.O. 1980, chapter 302, the Council of The Corporation of the Town of Pickering wishes to acquire part of Lot 21, Concession 1, (Part 26, Plan 40R-7765) and Block 16, Plan 40M-1231, Pickering, for municipal purposes; 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 an Agreement of Pur- chase and Sale, in the form attached hereto as Schedule A, providing for the acquisition by the Town of Part Lot 21, Concession 1, (Part 26, Plan 40R-7765) and Block 16, Plan 40M-1231, Pickering, for the sum of $150,000.00 per acre. By-law read a first, second and third time and finally passed this 15th day of June, 1987. , ~' 6hh- ~. A~deido~f7 Mayor . APPROV£D ] [Of'tHIl() SCHEDULE A I',GIiEF. I.,' ENT OF PURCHASE AND SALE VENDOR.....?.¥r~'?~t'.~:~'~..~+.'~.+?: ~ ............................................................... {LISTING BROKER) (SELLING BROKER) Block 16, Plan 40M 1231 and ~art 2~, ~lan 40R 7~65, as outline~ zn ~$'fi" ;~' '~'h~'" '&'E~$'a" ~'&" ~d"fi%~ ~'h'~"~ 7~'~'1" ~'~'~ .............................. ~.~.~.. ~U~.~..~P..T~.~L .~.~.. T~9.~.~..5.~5.. ~.*~ .......... . ~.¢?.%~ ~ ~ 9 :.~.~ ........... ~IB ..................................... O0 PURCHASER I~ltl wifh thlt Offer .......................................................................... , ~RS ~ .................... ~RCHASERaofeeJlo: pay the balance of the purchase price by cash or certified cheque on closing, subject to the usual adjustments. 3. The purchase price is based on 2.264 acres, at the rate of $150,000.00 per acre. In the event that prior to closing the Vendor furnishes a certificate from an Ontario Land Surveyor as to the exact acreage, the purchase price ~ill be adjusted accordingly. 4.On closing, the purchaser will accept the Vendor's undertaking, provided the funds are made payable to the first mortgagee, to obtain and register a discharge of the first mortgage on title, within sixty (60) days after closing. 5.The Purchaser will pass the necessary By-laws and resolutions necessary to enter into this Agreement and complete the transaction. 6.The closing of this transaction shall be the earlier of December 31st, 1987 o the date on which the Town of Pickering receives monies in lieu of park land from Discovery Place Limited (Tridel) in accordance with the terms and conditions of a Development Agreement between the Town of Pickering, Discovery Place Limited and J.D.S. Investments Limited. 4. EXCEPT It olhlnVlll provided herein and iubJect to paragraph 12 (a), (b)and (c), Ven~or Ihall discharge at hal own expense all liens, chatgel and encumbr&nces .......................... ../.a .................................................................................... ,. ..... ........... .,o, ..... ............ ....... TI'ISA reementshallb c ~latidn~thl~ as set out abovedjv, municipal work otclerl or daliclency notices aflacting the property, that itl present use ( .............................................................. ) may be lawfully continued, an4 that Ihs pdAcipll building may be insured against risk of fire. Vendor hereby consents lo the municipality ,ellallng to Purchaser authorizations in this regard as Purchaser may reasonably require. ~ cl&ulei 4~(25a) (&) and (b) oi the Planning Act, 1983. Mo~ey may be tendered by bank dra~l o~ cheque clflliied by I Charlered bank, truer company o1' Province of Onllrlo Sirings Office. SIGNED, SEALED AND DELIVERED in the preeence of; IN WiTNES~ whereof I hive hereunto eel mny band ind leak THE CORPORATION OF THE TOWN OF PICKERING ............................................. P. ER.: .............................................. (Affix Seal) ......................... (Purch&ler) (Date) PER: ................................................................................................. (Affix ~1) ......................... (Purchaser) (Dltl) THE UN DERSIGNED eccepte the above Offer ~M ]QSI(~b[I)14~l~l ~0~M~e~%tDt~( M ]~c3~l,r~l~l~ M ~($1 Xd(~.~g~(S(3J~IO~M IIO~IQ~ IQ X~ )~M X OATEDA, ...... ~.O. ~..h...Y. ~.k. ....................... ",i, ............... bayot ......................... .J..u.n.e. ............... ,,..8.7. ..... ............................................. a: :.P., .S...... TN.v. ~8 T .~.8~.T. $...[,.:[M;[ 1!]~:.0....'-~(^,,, s,a,} ......................... (Vendor) D (Dele) ~ .............................. (Affix Seal) ......................... (Vendor) (Date) SPOUSAL CLAUSE "in consideration gl the aura of One ($1.00) Dollar (receipt of which ii hereby acknowledged) and the entering Inlo o! thll agreement ~/tl~ Purchaler, the undersigned (Witness) ($pOUle) {Dated) ACKNOWLEDGEMENT (Vendor) (Data) (Vendor) (Date) (Purchaeer) (Date) (PurchaSer) (Data) Telephone No. Samuel Osak Vendor's Solicilo~ Osak and Osak ~o9~ ~.~ ~h ' 'A~e' ' W~ t* ~" ~U ~ t'e" 9 0 ~'" Downsview, Ontario, M3J 2V5 'r~i~,',~i,;:' ~ ....... Telephone NO. ~ ........ G:-M~ .'r.. Sheffield ............................... ;~wn of Piokerlng S'~,i&i~;.[l~U)~ I~l.g~ton' Rd; .............................. Piokerlng LIV lC7 /~':T. ~//p T B_,~'.~ 40M-;23; PT ,,---PART 65 : i N 517 ~9' ~[.1" £ DI 7,s ESPLANADE ........ BLOCK 17 BLOCK 14 AREA d9170 m2 BLOCK 20 ~ '~, SHERIDAN [ MALL _s~e ~ I~ I M ~ c ) S'j~ JECT TO BLOCK 19 t~ " PARK WAY ~ Town of Pic~ering' Legal Department