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HomeMy WebLinkAboutBy-law 4034/92 THE CORPORATION OF THE TOWN OF PICKERIN~ BY-LAW NO. 4034/92 Being a by-law to authorize the execution of a Release and Discharge of the Subdivision Agreement respecting Plan 40M-1457, Picketing. WHEREAS, pursuant to the Planning Act R.S.O. 1991), Chap. P.13, s.51, The Corporation of the Town of Picketing and J.F. Coughlan Construction Co. Limited entered into an Agreement dated May 7, 1984, Notice of which was registered on January 14, 1987 as Instrument No. LT305650, respecting the subdivision and development of Plan 40M-1457, Pickering; and WHEREAS the terms and conditions of that Agreement have been complied with to the satisfaction of the Town; NOW THEREFORE, the Council of The Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: I. The Mayor and Clerk are hereby authorized to execute a Release and Discharge, in the form attached hereto as Schedule A, of the Agreement dated May 7, 1984, Notice of which was registered Januatay 14, 1987 as Instrument No. LT305650, between J.F. Coughlan Construction Co, Limited and The Corporation of the Town of Picketing, respecting the subdivision and development of Plan 40M-1457, Pickering. 2. Schedule A hereto forms part of this By-law. BY-LAW read a first, second and third time and finally passed this 15th day of June, 1992. Bruce Taylor~.~e~krk~ ~-~- TOWN OF PICKERING APPROVED AS TO FORM LEGAL DEPT. R~ELEA~E AND DI$OHAROE WHEREAS the Agreement dated May 7, 1984, Notice of which was registered January 14, 1987, in the Land Registry Office for the Land Titles Division of Durham (No. 40) as Instrument No. LT305650, between, $.F. COUGHLAN CONSTRUCTION CO. LIM1TED hereinafter referred to as the "Company" - and - THE CORPORATION OF THE TQWN OF PICKERINQ hereinafter referred to as the "Town", provided for the subdivision and development of lands affected hereby; and WHEREAS the terms and conditions of that Agreement have been complied with to the satisfaction of the Town with respect to the lands affected hereby; THE TOWN HEREBY remises, releases and forever discharges the Company, its successors and assigns, from any and all liabilities, actions, causes of action, debts, claims or demands of any kind whatsoever which the Company may have been, is, or may become subject to pursuant to the provisions of the Agreement. THIS RELEASE AND DISCHARGE affects the lands described as: Lots 1-6, inclusive, Blocks 7-10, inclusive and Fawndale Road, Plan 40M-1457, Town of Pickering, Regional Municipality of Durham. IN WITNESS WHEREOF the Town has hereunto affixed its corporate seal, attested to by its properly authorized officers. DATED at Picketing, Ontario this 15th day of June, 1992. THE C~}RPO/]~kTI~'~F THE TOWN OF PICKERING ~(:~S~thurs~a~or" Brace Taylor, Clerk ITOWN OF ,PICKERING APPROVED 1629 4OM. P~'L~A The Town of Pickering J.F. Coughlan Construction - Plan 40M-1457 LEGAL SER¥ICES DEPARTMENT - Release and Discharge