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Home My WebLink AboutBy-law 2609/87THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO.2609/87 Being a By-law to accept the offer dated October 22, 1987, of Invar Leasing Limited to purchase that part of Lot 18, Range 3, B.F.C., Pickering, designated as Parts 7, 8 and 9, Plan 40R-2638 (except Part 2, Plan 40R-7115), and to authorize the Mayor and Clerk to execute same on behalf of the Town. WHEREAS, pursuant to the provisions of section 210.50 of the Municipal Act, R.S.O. 1980, c.302, and section 131(2) of the Regional Municipality of Durham Act, R.S.O. 1980, chapter 434, as amended, the Council of The Corporation of the Town of Pickering may pass a by-law to sell that part of Lot 18, Range 3, B.F.C., Pickering designated as Parts 7, 8 and 9, Plan 40R-2638 (except Part 2, Plan 40R-7115), for the establishment and carrying on of industries and of industrial operations and uses incidental thereto; NOW THEREFORE, the Council of the Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: The Corporation of the Town of Picketing hereby accepts the offer dated October 22, 1987, of Invar Leasing Limited to purchase that part of Lot 18, Range 3, B.F.C., Pickering, designated as Parts 7, 8 and 9, Plan 40R-2638 (except Part 2, Plan 40R-7115), a copy of which offer is attached hereto as Schedule A. The Mayor and Clerk are hereby authorized to execute that offer on behalf of The Corporation of the Town of Pickering. Schedule A hereto shall form part of this by-law. BY-LAW read a first, second and third time and finally passed this 2nd day of November, 1987. TOWN OF PtCKERING APFROVED J Fn E. Andergf~ri', Mayor f/Bruce Tayior, Town of Legal Deparlmenl Invar Leasing Limited Proposed Purchase from Pickering Part Lot 18, P~ange 3, B.F.C. Parts 7, 8 and 9, Plan 40R-2638 (except Part 2, Plan 40R-7115) Brock Road (East Side) Bomflf~ AGREEML NT OF PURCHASE AND SALE INVAR LEASING L1MITEI) v~.oo. ....... %.~.l~L .(;?.l.q'.9!~:~: LO..~..9.[~. ;¥~..!'~. 9~. ~'.~.~ .............................................. ,,,ou~h V.,,~o,', ~g .........~R. ~.~ ................................................................................................... ,,e Iol,o~S.~ PROPEn[Y: honm,g o. mo....~ RU~I.t ................... aldeol.... ~.~ ~1~1}.~ ~.. ~.~ ~.~ ..................................................... ~a~aa~ .................................... ~ua~ ................................... ~ .................................... ..~ ,.~ ,,~. ~,om~.. on...~ g.0 ..................... ,.o,. o, ~.. by · d.p,h on ~ 3.~,.~ .~ ................... mo,. o, ~.~ ~nd ~..~,m~d. .......... ,~. ~[..[.,~ [,, ~:...[P. lg~..~,, .~C~., [~9. ~.. ~q~1g~P.~ ~.q.~*..'i'~.L P[ l~ke~t[tg, .~.~.~ g~ ~. ,p.~ .......... Pp~[s 7, 8 a~d 9 o1~ Plan 60K-2638 save and excepC ~baC Partof Pa~: 9 ........................................................................................................... 60~-263~ deslguaCed as Fa[C 2, P]ua 60R-7115 coa~atulng app~ox[maLely 3.~J a~-e~. tWO IIUH)[E~ A~1I) ~ t OUS~D, .~ UUNI)I?ED DOLLARS ~CAN ~, ...... ................................ ~*~yy: ~;~ ......... ~'i~ ............................ ~'~',' ~.'~ ...... Ten Tbousaud PURCHASER auk.lis wilh Ibis OIlel ........................................................................... DOLLARS PURCHASER agleea lo: pay ~o Cl~e Vendoc a fu~[he~ sum o~ ~1,360.00 tn cash oc ce~:t~ted cheque on c2ostng, subjecC :o ~be usual ad~us[menCs. ~og cbe balaace o[cbe purchase p~tce Lhe Vendoc ag:ees Co Cake back a [t~sc mo[tgage baying a Lecm gE C~o years bearing tnCeresC aC :be ~ace gE 1OZ pe~ ane~, calculated sem[-anuua~[y, cepayable tu~eces~ on[y, balg yea~[y, ~urtng Che Legm ~beceoE, and pctnclpa[ aud Lbe las: ba~[ year[y tuLecesL Checeon a~ Lite end o~ Che ~o yea~ Le:m, 't'be mo[Cgage sha[[ couCatn Lhe pgov[stous in Schedule "~" a~acbed bece~o. ~ I~.K~ }1~ 111~11~,~ {~Um..l~ ~'Ii~.~,~Y~ ~ F. I~1( t~lK~'t~}~: ...................................................... .',,,/.. / ..................... ,. ..... ............ .......... ....... possession o( file property shall be given Io Pu~cltase~~~ PURCHASERetmflbeelloweduldttlt:Sgp.m. onthe ..... ~15.~ ............................ dayot..~lR~)Ll~J~y ........................... may be lewlully ¢onllnued, and Ihel Ihs principal building may be Insured against dsk gl lire. Vendor hereby consenls 1o 1he munlcipallly releasing Io PufcllaSe; dotalla gl all outstanding municipal work oldm~ or dellclency notices allecUng the p~opeHy and Vendor agrees to execule and dellve~ iD Purchasm such lu~the~ SIGNED, SEALED AND DELIVEIIED ~'*/' /~ ~ ~,'l ~ [, INVAR LEAS~ __~_ _IAFtITED ~ '. ~-" : .'".. . ~ J (Pu~cho~fJ ~: , '~ L," (Dale} ................................................................................................. (~lll~Sial).,. ~-~ ..... : ..... ~ ........ ,~,~,,...c~y~?~ ....................... ,,,,,...~ .... ,~,o, ..... ~¢v~ .................... ,,.~y .... 'E~ w~;,.~ ~E ..... ,~,;~ ............ (Witness) (Spouse) (Dated) ACKNOWLEDGEMENT I/We ackllowlodgo receipt el a signed copy el Ibis accepled IlWe ackoowledge ~ocelpl et a sighted copy el lids accepled (Purchase[) (Date) (VemtoO (Dale( ~7~¢..../4.//Y~.~ro/Y..~q4~. ............................ .?t.C...~....~d.a.. ..... ~:~(..~.~ ..... ~.~..:~7~ ..... C. M, T. Sheffield 'v';,;;4;,'.'i;,iii~;; ........ T0~/n' bf' Pii~k'ei'li~g ............... ........................ !.7!.0..K..I.n. g .S!9~..R.~: .............. SollclloKsAddi'oss Dickering LIV 1C~ (Purchase~) (Date) Telephone ~';,;~/,;L;';'i;i,;ii,;, .............................................. lelephone No. SCHEDULE D .1C~ T ,/ SIB (Ngl042) N ?~o08'3. 0" E PART I-. C,. 2 NTEoOB'30"E ,',*,'ST / [) ,2,T/Ed 4 .)()III;J)UI,E 1. 'l'h~ mOLtlHH~UL- shall have Lhe pJ'ivllul~e u( pL-epay|HB I. hc uilule aL' ulLhuut uuLlce uF bui~ls. 4. The mol'L B;lt]o r shall have Lhe I)Vivlle§e [mp¥ow!muuL!;/ ~d/~: commellclHl~ COnULvucL[o~ ~e~d,l~- &he [~ropttll. y, all ~JLJlouk belnc deemed Lo have comm[LLed ~asLe may I)~ ~lllira~ Lo <~:'alel~--~he !~..-~i:or..y 3.d~/-?_~ brhqj ~1 unde~ 'l'JLl~s ~ysL~m~ all ulLhout l'lsllL-ul-~iiy Lo ill)~ utility (eJlJlel- IiiuliJcJl)ilJ~ j)[Jv~Le or public) uheLhe[ 1C be [0[ J[ilSI UilL(~l'~ elccLriclL~ ~ lelepholle or olhcc~ise) or it tile COIllllllGSJOII Ut' [0 lilly IIIUiiJCJl)~llJLy) oE tot ally OtJlei- I)ublJc I)~l-I)vse Lo ally 7.. 'l'llu movtsal~ee shall deliver a i)at-Llal discharge oe dlsclla~Be~ u[ tl~e whoJe o~ any part o~ tile moetBaBed la,ids at iuly LJ.m [~om tlmu I.~ Lime upoll the euquest oE the mortgagor and upol~ payment accounL o[ the principal sum secu[ed a sum bearhl8 LJle Game i)l-opovtloll to the l)[lncil)al balailce uuLsLalJdlll~ ti.deL* the reims o[ Che mo[L~a~e aL the Lime o[ ll)e [eclueGL toy such I)~lt-Llal discharge LhaL the area o[ lalld Lo be dJschar~ud beaJ-s Lo LJle LoLal rtL-ca o[ LJle u.discha[~ed lallds~ Lo~gLJle[ ~JLJl hlLeJ'esL Lheceoll Lo LJle dale o[ paymellL. Provided LhaCs Llle la,ids [elllaJllJllj~ ull(lJSC~l[il'~e~ S~laJJ IlOL be laml[ocked a.d LhaL Lhe['~ shall be e.~.o.~ I~O~ I~B~, ~.0. /q~, ~,~/~ /. ~ SCHEDULE "C" 1. The Vendor shall prepare an up to date survey and legal description of the ]ands, prepared by an Ontario Land Surveyor, together with a Certificate of the Surveyor as to tile precise area of time lands to three (3) decimal points. Such survey shall show time location and area of any rights of way and/or ease- ments. TI~ Purchase Price for the lands is based upon and calculated at the rate of ~ per acre and the Purchaser Price shall be increased or de- creased as the case may be, based upon the foregoing price per acre for the area of the land actually o~ed and to be conveyed by the Vendor to the Purchaser hereunder and such increase or decrease shall be reflected pro rata between the balance due on closing and the mortgage being taken back by the Vendor. 2. The Vendor covenants, represents and warrants that there are no local improvements affecting the property. 3. On time acceptance of this Offer by the Vendor, time Purchaser shall have the right to enter upon time Property for the purpose of conducting soil tests, preparing surveys or making other similar tests of the Property in order to establish that the Property is suitable for the normal construction of in- dustrial buildings. For time purpose of this provision "normal construction" shall mean the type of construction in general use witl~ respect to industrial buildings and not requiring an expen~diture in excess of the usual cost for tile construction of such buildings. Provided that after any such surveys and tests have been made, the Purchaser will, at its expense, return the Property to the state it was before the co~nencement of ~uch ~urveys and tests. This offer is conditional upon the Purchaser in its Sale discretion being satisfied with the resul[s of such tests. Such test~ are to be completed ./ ,i9 forty five (45> days from the date of c-~-r ............. , ...... , ..... ~ with - ~ .......... c .,.~- -~--- ~ ~,- ~ and in the event that the Purchaser is not satisfied with' the results/or ~ such tests and will not waive this condition, it must notify the Vendor or th~ Vendor's solicitors in writing, and should such notice by given, this offer and' the Agreement of Purchase and Sale arising from the acceptance of this offer, shall be null and void and the deposit monies shall be returned to the Purchaser. If no such notice in writing is given, it shall be conclusively deemed that such condition is satisfied and waived. 4. The Vendor and Purchaser acknowledge and agree that time Property is subject to a first right of refusal fr~nPitneyBowesofCamadakimited. This offer is conditional for a period of seventy-five (75) days from the date of acceptance of this offer upon Pitney Bowes Limited waiving its first right of refusal. 5. The Vendor and Purchaser acknowledge that there is a right of way '." affecting the property (described as Part 8 on Plan 40R-2638) which right of way is in favour of Mr. Salter. Tl,~o ~F~,- 4o ~.%~ro~ ~^~ ~_ Feried e_k ....... ~.._ ~refusal as per Paraqraph 4 upon the parties coming to a satisfactory arrangeme~~ Salter for the removal of such right of way. The Vendor and Purchaser agre~operate and use its best efforts to obtain the removal of the said ~lghtq~w~L~~ In the event a satisfactory arrangement too r~ way has not b~ned within the said seventy-five d~aser has the optl~T~tQ~ive this condition and the p~n proceed to clo~ransaction on the terms ~ve tb~ co~t must do so within ten (10) days after the expiration of the said seventy-five day p~ricd by ~i'.'in~ thc Vender ncticc in ~:ritin~ cf u~mc. · _