HomeMy WebLinkAboutBy-law 4022/92 THE CORPORATION OF THE TOWN OF P!CKER1NG
By-LAW NQ. 4022/92__
Being a by-law to authorize the execution of a Release
and Discharge of the Subdivision Agreement, and
amendments thereto, respecting Plan 40M-1442,
Pickering.
WHEREAS, pursuant to the Planning Act R.S.O. 1990, Chap. P.13, s.51, The Corporation of the Town
of Picketing and Cougs Investments Ltd. entered into an Agreement dated June 30, 1986, Notice of
which was registered on January 14, 1987 as Instrument No. LT305627, respecting the subdivision and
development of Plan 40M-1442, Picketing, which Agreement was subsequently amended by an
unregistered Agreement between the Town of Pickering and Cougs Investments Ltd. and Alexander
Dixon, dated May 2, 1988; and
WHEREAS the terms and conditions of that Agreement, as amended, 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 June 30, 1986, Notice of which was
registered January 14, 1987 as Instrument No. LT305627, between Cougs Investments Ltd. and
The Corporation of the Town of Picketing, as amended by the unregistered Agreement between
Cougs Investments Ltd. and Alexander Dixon and The Corporation of the Town of Pickering
dated May 2, 1988, respecting the subdivision and development of Plan 40M-1442, Picketing.
Schedule A hereto forms part of this By-law.
BY-LAW read a first, second and third thne and finally passed this 15th day of June, 1992.
~mce taymr, Clerk
TOWN Of
PICKERING
APPROVED
AS TO FORM
LEGAL DEPT.
R~ELEASE AND DISCHARQ~_
WHEREAS the Agreement dated June 30, I986, Notice of which was registered January 14, 1987, in
the Land Registry Office for the Land Titles DivLsion of Durham (No. 40) as Instrument No. LT305627,
between,
COUGS INVESTMENTS LTD.
hereinafter referred to as the "Company"
- and -
THE CORPORATIO~N__OF THE TOWN Qa~_PICKERINQ_
hereinafter referred to as the "Town",
as amended by the unregistered Agreement dated May 2, 1988, provided for the subdivision and
development of lands affected hereby; and
WHEREAS the terms and conditions of that Agreement, as amended, 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 both Agreements.
THIS RELEASE AND DISCHARGE affects the lands described as:
Lots 144, Blocks 45-59, Plan 40M-1442 and Block 160, Plan 40M-1437, Town of Pickering, 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 15th day of June, 1992.
THE CORPORATION OF THE TOWN OF PICKERING
Wayne Arthurs, Mayor
Brace Taylor, Clerk
TOwN OF
PICKERING
APPROVED
AS TO FORM
LEGAL DC~{,