HomeMy WebLinkAboutBy-law 1804/84TIlE CORPORATION OF THE TOWN OF PICKERING
BY-LAW NO. 1804 /84
Being a by-law to authorize the execution of an
Agreement to renew, for the period September 1,
1981 to August 31, 1986, the Lease dated August
26, 1976 between the Municipality of Metropolitan
Toronto and the Corporation of the Town of
Pickering respecting Part Lot 12, Concession 5,
Picketing (Museum parking lot).
WHEREAS, pursuant to the provisions of sections 193 and 208.57 of the Municipal Act,
R.S.O. 1980, chapter 302, the Council of the Corporation of the Town of Picketing
deems it desirable to renew, for the period September 1, 1981 to August 31, 1986,
the Lease dated August 26, 1976 part of Lot 12, Concession 5, Picketing from the
Municipality of Metropolitan Toronto for Museum parking purposes;
NOW THEREFORE, the Council of the Corporation of the Town of Picketing HEREBY
ENACTS AS FOLLOWS:
The Mayor and Clerk are hereby authorized to execute a Lease Renewal Agree-
ment dated January 16, 1984, renewing, for the period September 1, 1981 to
August 31, 1986, the Lease dated August 26, 1976 respecting that part of Lot
12, Concession 5 more particularly described therein, between the Municipality
of Metropolitan Toronto and the Corporation of the Town of Picketing for
Museum parking purposes, which Lease Renewal Agreement shall be in the form
attached hereto as Schedule A.
BY-LAW read a first, second and third time and finally passed this 19th day of
March, ]984.
MaWr oF (Ac%ing~-
498.1
Schedule A to By-law 1804/84
THIS INDENTURE OF LEASE RENEWAL made in quadruplicate this 16th
day of 3anuary, 198#, effective as of the 1st day of September, 1981,
IN PURSUANCE OF THE Short Forms o! Leases Act
BETWEEN:
THE MUNICIPALITY OF METROPOLITAN TORONTO
hereinafter called the "Metropolitan Corporation"
OF THE FIRST PART
- and -
THE CORPORATION OF THE TOWN OF PICKERING
hereinafter called the "Lessee"
OF THE SECOND PART
WITNESSES THAT:
WHEREAS by Indenture of Lease dated the 26th day of August~ 1976
(hereinafter called "the 1976 Indenture"), the Metropolitan Corporation leased to the
Lessee the lands in the Town of Picketing in the Regional Municipality of Durham,
consisting of that part of Lot 12, Concession 5, more particularly described therein
(hereinafter called "the Leased Lands") for use for parking purposes, for a Term
expiring the 31st day of August, 1981;
WHEREAS by paragraph 2(b) of the 1976 Indenture the Lessee was granted
an option to renew its tenancy on the same terms and conditions, and this Indenture is
entered into to document the exercise of such option,
IN CONSIDERATION OF the mutual covenants herein contained, the
parties hereto hereby agree as follows:
1. The Lessee's tenancy of the Leased Lands is hereby renewed for a Renewal
Term of FIVE (5) YEARS, commencing the 1st day of September, 1981 and expiring the
31st day of August, 1986, on the same terms and conditions set out in the 1976
Indenture, except as to the Lessee's right to further renewal.
2. This Indenture shall enure to the benefit of~ and be binding upon, the
parties hereto and their respective successors and (where required, permitted) assigns.
IN WITNESS WHEREOF the parties hereto have hereunto affixed their
respective corporate seals attested to by the hands of their respective proper officers
in that behalf duly authorized.
SIGNED, SEALED AND DELIVERED
THE MUNICIPALITY OF METROPOLITAN
TORONTO
Metropolitan Clerk
Treasurer
THE CORPORATION OF THE TOWN OF
PICKERING
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