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HomeMy WebLinkAboutBy-law 3542/90 THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO, 3542/90 Being a by-law to authorize the execution of a Condominium Agreement respecting the development of that part of Lot 16, Range 3, B.F.C., Picketing designated as Pan 4, Plan 40R-10650 (Squires Beach Industrial Centre Inc ) WHEREAS the proposal, to subdivide and register a plan of condominium of that part Lot 16, Range 3, B.F.C., Pickermg, designated as Part 4, Plan 40R-10650, has been approved by the Council of The Corporation oftbe Town of Pickering and the Regional Municipality of Durham subject to several conditions, one of which reqmres the entering into of a satisfactory Condominium Agreement with The Corporation of the Town of Pickering; 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 Condominium Agreement, in the form attached hereto as Schedule A, respecting the development of that part of Lot 16, Range 3, B.F.C., Pickering, designated as Part 4, Plan 40R-10650, included in Draft Plan 18CDM-89023. BY-LAW read a first, second and third time and finally passed this 17th day of September, 1990. 'Bruce Taylors,{21er~t/ THE CORPORATION OF THE TOWN OF PICKERINO BY-LAW NO, 3542/90 Being a by-law to authorize the execution of a Condominium Agreement respecting the development of that part of Lot 16, Range 3, B.F.C., Pickedng~ designated as Part 4, Plan 40R-10650 (Squires Beach Indastdal Centre Inc.) WHEREAS the proposal to sub.divide and register a plan of condominium of that part Lot 16, Range. 3, B.F.C., Pickerin~, designated as Part 4, Plan 40R-10650, has been approved by the Council of The Corporation of the Town of Pickering and the Regional Municipality of Durham subject to several c.onditions, one of which requires the entering into of a satisfactory Condominium Agreement w~th The Corporation of the Town of Pickering; 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 Condominium Agreement, in the form attached hereto as Schedule A, respecting the development of that par.t of Lot 16, Range 3, B.F.C., Pickering, designated as Part 4, Plan 40Ro10650, included m Draft Plan 18CDM-89023. BY-LAW read a first, second and third time and finally passed this 17th day of September, 1990. Wayne Artbaffs, Mayor ~'OWN ~F PICKERING APPROV£D LEGAL DEP~ THIS AGREEMENT made this 29th day of August, 1990. BETWEEN: THE CORPORATION OF THE TOWN OF PI~KERINO herein called the '~Fown" OF THE FIRST PART, - and - $OUIRES BEACH INDUSTRIAL CENTRE lNG, herein called the "Owner" OF THE SECOND PART. WHEREAS the Owner proposes to register a plan of condominium on that part of Lot 16, Range 3, B.F.C., Pickering, designated as Part 4, Plan 40R-10650, in accordance with Draft Plan of Condominium 18CDM-89023; and WHEREAS therefore, as a condition of the Regional Municipality of Durham's approval of that draft plan, the Owner is require.d to enter into an Agreement with the Town d. ealing with and ensuring continued compliance with certain plans and drawings respecting the project; NOW THEREFORE THIS AGREEMENT WITNESSETH, that in consideration of the sum of $2.00 now paid by each Party to the other, receipt of which is hereby acknowledged, the Parties hereto agree as follows: 1. The land and premises affected by this Agreement (herein called the "Lands") are that part of Lot 16, Range 3, B.F.C., Pickering, designated as Part 4, Plan 40R-10650. 2. No use shall be made of the Lands, or of any b.uilding or structure thereon, and no development, as defined in section 40 of th.e Pl.annmg Act 1983, S.O. 1983, c. 1, shall be undertaken on the Lands except in conformity with this Agreement and with the following plans and drawings (herein collectively called the "Plans"): Last P10n NO, PI0n Title Plan Date Revision (a) A1 Site Plan May/88 July 21/89 (b) A3.a Elevations (Building 'A') July/88 (c) A3. Elevations (Building 'B') July/88 prepared by Chelin & Associates. 3. The Owner shall maintain, in conformity with the Plans, to the Town's satisfaction and at the sole risk and expense of the Owner, all of the facilities and works that are both shown on the Plans and serve or are located on the Lands, and shall ensure the timely removal of garb.age and refuse from the Lands and of snow from access ramps, driveways, parking and loading areas and walkways on or adjacent to the Lands. 4. For the purpose of guaranteeing, (a) the provision of the facilities, works or matters shown on the Plans, and (b) the mainte,nance (for one year after the registration of the Plan of Condominium) of the facihties and works required to be maintained under section 3, above, the Owner shall provide to the Town, prior to the registration of the Plan of Condominium, a security in the form of an irrevocable letter of credit issued by a chartered bank in Canada in the amount of $20,000 and in a form satisfactory to the Town, which security may be ~rawn upon by the Town in such amounts and at such times as the Town, in !ts sole discretion, deems advisable, should the Owner fail to provide or maintain the facilities, works or matters, as the case may be, to the Town's satisfaction. 5. This Agreement shall enure to the benefit of and be binding upon the Parties hereto and their respective heirs, administrators, executors, successors and assigns. IN WITNESS WHEREOF, the parties herein have hereunto affixed their corporate seals, duly attested by their respective authorized officers. SIGNED, SEALED & DELIVERED THE CORPORATION OF THE TOWN OF PICKERING Wayne Arthurs, Mayor Bruce Taylor, Clerk SQUIRES BEACH INDUSTRIAL CENTRE INC. Louis Chelin, Secretary Marvin Kalifer, President ENCUMBRANCER - THE TORONTO-DOMINION BANK This Agreement shall have priority over and take precedence over all of The Toronto-Dominion Bank's rights or interests, whether or not any such right or interest was established or arose prior to the date hereof and whether or not such right or interest is set out in or arises by virtue of any instrument or document registered on title to the lands affected hereby, or any part of them, prior to the registration of this Agreement. SIGNED, SEALED & DELIVERED THE TORONTO-DOMINION BANK 2