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HomeMy WebLinkAboutBy-law 2447R )4/4/ A BY-LAW OF THE TOWNSHIP OF PICKERING TO AUTHORIZE THE REEVE AND CLERK TO SIGN, ON BEHALF OF THE TOWNSHIP, CERTAIN AGREEMENTS BETWEEN THE TOWNSHIP AND CRUSADER ET AL. WHEREAS on May 4, 1959, Council passed By-Law Number 2409, which authorized the Reeve and Clerk to sign an agreement with Crusader Development Corporation Limited with respect to a proposed subdivision at Frenchman's Bay; AND WHEREAS on September 25, 1959, Council passed By-Law Number 2440, which authorized the Reeve and Clerk to sign an agreement amending the aforesaid agreement between the Township and Crusader Development Corporation•T,imited; AND WHEREAS Crusader Development Corporation Limited now desires to assign its interest in the aforesaid agreement to Resources Land Co-Operative Corporation ; AND WHEREAS such assignment requires the consent of the Township of Pickering; AND WHEREAS Crusader Development Corporation Limited, Resources Land Co-Operative Corporation, and Consolidated Building Corporation have agreed in consequence of the Township giving the aforesaid consent to enter into a guarantee agreement with the Township; AND WHEREAS it is considered desirable that the Township should sign the aforesaid consent and the aforesaid guarantee agreement; BE IT THEREFORE ENACTED by the Municipal Council of the Township of Pickering that the Reeve and Clerk be hereby authorized to sign, on behalf of the Township of Pickering, an agreement, as prepared by our Solicitor, dated November 2, 1959, between Crusader Development Corporation Limited, Resources Land Co-Operative Corporation, Consolidated Building Corporation, and the Corporation of the Township of Pickering. AND BE IT FURTHER ENACTED that the Reeve and Clerk are further authorized to sign, on behalf of the Township of Pickering an agreement dated November 2, 1959, between Crusader Development Corporation, Resources Land Co-Operative Corporation, and the Corporation of the Township of Pickering. ?/ BY-LAW read a First and Second time this_2" ay of W V_V1_ 1959 BY-LAW read a Third time and PASSED this 1/ `may of 1959