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HomeMy WebLinkAboutBy-law 3300 TOIgNSHIP OF PICKERING BY-LA~ NUMBER ~ ~ o o Being a By-law to authorize the purchase of I~ acres of land, being composed of part of Lot 19, Range 3, for the purpose of establishing sites for the carrying on of industries and industrial operations, at the price of $61750 and to authorize the $61750 borrowing of that amount, for that purpose. ~HEREA~ it is deemed advisable to purchase the lands described in Schedule A annexed hereto from Viking Develop- ments Limited, for the price of $61,750.00 for the purpose of establishing sites for the carrying on of industries and industrial operations; AND ~'~EREAS the total cost of the said purchase,$61,?50.O0 will be levied by an annual rate against all the rateable property in the Township of Picketing over a period of 5 years; NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOi~SHIP OF PICKERING ENACTS AS FOLLO~: 1o That there shall be purchased from Viking Develop- ments Limited, for the purpose of establishing sites for the carrying on of industries and industrial operations the lands described in Schedule A annexed hereto, for the sum of $61,750.00 2. That there shall be borrower the sum of $61,750.O0 for the purpose set out in Clause 1, which sum shall be a charge against all the rateable property in the Township of Pickering. 3. That the special rate to pay for the said purchase shall be paid in 5 annual instalments. 4. That this By-law shall not come into force and effect until it has received the approval of The Ontario Municipal Board. continued. READ a first and second time this /~Jd a y o f/7~y 196~. Reeve Clerk READ a third time and finally passed Reeve Clerk. SCHEDULE 'A' to By-law Number of the TO~,~?~SHIP OF PICKERING Part of Lot 19, Broken Front Concession, Range 3 in the Township of Picketing in the County of Ontario, comprising an area of 19 acres, having a fromtage of 700 feet more or less on the West limit of the Road Allowance between Lots 18 and 19, commencing 1696 feet south of the North limit of the said Lot 19 and running thence South, by a depth of 1190.99 feet to the East limit of the lands of the Hydro Electric Power Commission of Ontario.