HomeMy WebLinkAboutBy-law 4216/72THE CORPORATION OF THE TOWNSHIP OF PICKERING
BY-LAW NUMBER
A by-law to authorize the signing of
an agreement between the Township of
Pickering and Golden Boy Investment
Corporation Limited.
WHEREAS the Corporation of the Township of Pickering and
Golden Boy Investment Corporation Limited are desirous
of co-operating in the construction of certain drainage
facilities to service lands located in Part Lot 19,
Concession 1, owned by Golden Boy Investment Corporation
Limited;
AND WHEREAS said agreement provides for the construction
and payment for oversized storm drainage facilities on
Controlled Access Highway No. 401 from a point west of
Brock Road to outlet into Duffin's Creek Valley;
AND WHEREAS the Township of Pickering has by agreement
bound itself to pay to the Department of Transportation
and Communication the costs of oversizing such drainage
facilities;
AND WHEREAS the Department of Transportation and Communi-
cation will not enter into any agreement with Golden Boy
Investment Corporation Limited as to payment of the costs
for this facility;
AND WHEREAS the Golden Boy Investment Corporation Limited
will receive immediate benefit from the increase in size
to the drainage facilities;
BE IT THEREFORE RESOLVED that the Council authorize the
Reeve and Clerk to execute an agreement whereby Golden Boy
Investment Corporation Limited will pay to the w h?p of
Pickering all costs ur-# $136,000. incurred by township
in the construction of the increase in size of the drainage
facilities to accomodate the lands owned by Golden Boy
Investment Corporation Limited.
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BY-LAW read a First, Second and Third Time and PASSED
this day of , 1972.
Reeve
i
?
Clerk