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HomeMy WebLinkAboutBy-law 3950/92 T~HE CORPO~RATION OF THE TOWN OF PICKERING BY-LAW NQ.3950/92 Being a by-law to authorize the execution of a Release and Discharge of the Subdivision Agreement respecting Plan 40M~1479, Pickering. WHEREAS, pursuant to the Planning Act R.S.O. 1990, Chap. P.13, s.51, The Corporation of the Town of Picketing and Fairport Developments Inc. entered into an Agreement dated May 19, 1987, Notice of which was registered on September 4, 1987 as Instrument No. LT348211, respecting the subdivision and development of Plan 40M-1479, Picketing; and WHEREAS the temas and conditions of that Agreement 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 axe hereby authorized to execute a Release and Dischaxge, in the form attached hereto as Schedule A, of the Agreement dated May 19, 1987, Notice of which was registered September 4, 1987 as Instrument No. LT348211, between Fairport Developments Inc. and The Corporation of the Town of Picketing, respecting the subdivision and development of Plan 40M-1479, Picketing. 2. Schedule A hereto forms part of this By-law. BY-LAW read a first, second and third time and finally passed this 23rd day of March, 1992. Wayne Arlhu~, TOw oF PICKERING APPROV£Di AS TO FORM' LEGAL DEalt ,~j _RELEASE AND DISCHARGE_ WHEREAS the Agreement dated May 19, 1987, Notice of which was registered September 4, 1987, in the Land Registry Office for the Land Titles Division of Durham (No. 40) as Instrument No. LT348211, between, FAIRPORT DEVELOPM~LN(~. hereinafter referred to as the "Company" TMf.~Q]~ORATION 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 Corupany 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 1-23, inclusive, Plan 40M-1479, in the Town of Picketing, in the Regional Municipality of Durham. IN WITNESS WHEREOF the Town has hereunto affixed its corporate seal, attested to by its properly authorized officers. DATED at Picketing, Ontario this 23rd day of March, 1992. THE CORPORATION OF THE TOWN OF PICKERING Wayne Arthurs, Mayor Bruce Taylor, Clerk TOWN OF' PICKERING APPROVED AS TO FORM LEGAl.