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HomeMy WebLinkAboutBy-law 3144/89 THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 3144/89 Being a by-law to authorize the execution of a Release and Discharge of the Subdivision Agree- ment respecting Plan 40M-1261, Pickering. WHEREAS, pursuant to the Planning Act, 1983, S.O. 1983, c.1, s.50, or a predeces- sor thereof, The Corporation of the Town of Picketing and Avocan Investments Limited, Bangor Construction Limited and Pinocchio Holdings Inc., entered into an Agreement dated February 7, 1983, Notice of which was registered on May 24, 1983, as Instrument No. LTl?3?41, respecting the subdivision and development of Plan 40M-1261, Picketing; and WHEREAS the terms and conditions of that Agreement have been complied with to the satisfaction of the Towni NOW THEREFORE, the Council of The Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: l. The Mayor and Clerk are hereby authorized to execute a Release and Dis- charge, in the form attached hereto as Schedule A, of the Agreement dated February 7, 1983, Notice of which was registered May 24, 1983, as Instrument No. LT173741, between Avocan Investments Limited, Bangor Construction Limited, Pinocchio Holdings Inc. and The Corporation of the Town of Pickering, respecting the subdivision and development of Plan 40M-1261, Pickering. 2. Schedule A hereto forms part of this By-law. BY-LAW read a first, second and third time and finally passed this 15th day of May, 1989. Wayne Artj~_~u_~rs, Mayor B~ce T y ,' ~ TOWN OF PICI<ERING APPROVED AS TO FORM LEG~,L RELEASE AND DISGHARGE WHEREAS the Agreement dated February 7, 1983, Notice of which was registered May 24, 1983, in the Land Registry Office for the Land Titles Division of Durham (No. 40) as Instrument No. LT173741, between, AVOCAN INVESTMENTS LIMITED, BANGOR CONSTRUCTION LIMITED and PINOCCHIO HOLDINGS INC. hereinafter referred to as the "Company" - and - THE CORPORATION 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 suc- cessors 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 the Agreement. THIS RELEASE AND DISCHARGE affects the lands described as: Lots 1 to 52 inclusive, Blocks 53 to 59 inclusive, Pebble Court, Aspen Road and Millbank Road, all in Plan 40M-1261, in the 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 May, 1989. THE CORPORATION OF THE TOWN OF PICKERING Wayne Arthurs, Mayor Bruce Taylor, Clerk I"TOWf,4 OF ' P[CKERING