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HomeMy WebLinkAboutBy-law 3460/90 THE CORPORATION OF THE TOWN OF PICKERINQ BY-LAW NO. 3460/))0 Being a by-law to authorize the execution o! an Agreement to amend the Development Agreement respecting Lots 21 and 22, Concession I, Picketing (Discovery Place/Citadel) WHEREAS Duffin Developments Inc., Discovery Place Limited and The Corporation of the Town of Picketing entered into a Development Agreement dated January 19, 1987 (Notice of which was registered September 9, 1987, as Instruments No. D259811 and LT348800) requiring the development of part of Lots 21 and 22, Concession 1, Picketing, to be undertaken in accordance therewith, which Agreement requires amendment in a certain respect; NOW THEREFORE, the Council of The Corporation of the Town of Pickering HEREBY ENACTS AS FOLLOWS: 1. The Mayor and Clerk are hereby authorized to execute an Agreement in the form attached hereto as Sched..ule A, amending the Development Agreement dated January 19, 1987, between Duffin Developments Inc., Discovery Place Limited and The Corporation of the Town of Picke.rmg, respecting the development of part of Lots 21 and 22, Concession 1, Picketing (Discovery Place/Citadel). BY-LAW read a first, second and third time and finally passed this 7th day of May, 1990. Wayne Ar0(urs, Mayor Bruce Taylor, Cle'rk THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 3460 Being a by-law to authorize the execution of an Agreement to amend the Development Agreement respecting Lots 21 and 22, Concession 1, Picketing (Discovery Place/Citadel) WHEREAS Duffin Developments Inc., Discovery Place Limited and The Corporation of the Town of Pickering entered into a Development Agreement dated January 19, 1987 (Notice of which was registered September 9, 1987, as Instruments No. D259811 and LT348800) requiring the development .of part of Lots 21 and 2.2, Concession 1, Pickering, to be undertaken in accordance therewith, which Agreement reqmres amendment in a certain respect; NOW THEREFORE, the Council of The Corporation of the Town of Picketing HEREBY ENACTS AS FOLLOWS: 1. The Mayor and Clerk are hereby authorized to execute an Agreement in the form attached hereto as Schedule A, amending the Development Agreement dated January 19, 1987, between Duffin Developments Inc., Discovery Place Limited and The Corporation of the Town of Pickermg, respecting the development of part of Lots 21 and 22, Concession 1, Picketing (Discovery Place/Citadel). BY-LAW read a first, second and third time and finally passed this 7th day of May, 1990. Wayne ArOfurs, Mayor Bruce Taylor, Cldrk SCHEDULE ^ THIS AGREEMENT made May 7, 1990, BETWEEN: DISCOVERY PLACE LIMITED herein called the "Owner" OF THE FIRST PART, THE CORPORATION OF THE TOWN OF PICKERING herein called the "town" OF THE SECOND PART. WHEREAS Duffin Developments Inc. (of which the .Ovyner is the successor in title to the lands affected hereby), the Owner and the Town entered into a Development Agreement dated January 19, 1987, (Notice of which was registered September 9, 1987, as 13strument:s. No. D259811 and LT348800) requiring the development of part of Lots 21 and 22, Concession 1, Picketing, to be undertakenin accordance therewith, whmh Agreement requires amendment in a certain respect; NOW THEREFORE THIS AGREEMENT WITNESSETH, that in consideration of the sum of $2.00 now paid by each Party to the other, receipt of which by each is hereby acknowledged, the Parties hereto covenant and agree one with the other as follows: 1. The lands affected by this Agreement (the "Lands") are those parts of Lot 21, Concession 1, Pickering, designatedas Parts I0 and 11, Plan 40R-10070. 2. In this Agreement, "Development Agreement' means the Agreement between Duffin De.velopments Inc., the Owner and the Town dated January 19, 1987 (Notice of which was registered September 9, 1987, as Instruments No. D259811 and LT348800). 3. The ...Owner and the Town acknowledge and agree that they are bound by the terms and conditions of the D,.evelopment Agreement and shall continue to be bound by it, as amended hereby, as It affects the Lands herein only. 4. Schedule A to the Development Agreement is deleted and the Schedule attached hereto is substituted for it. IN WITNESS WHEREOF, the pa?ies h.ereto have hereunto affixed their corporate seals, attested by the hands of their authorized officers. SIGNED, SEALED & DELIVERED DISCOVERY PLACE LIMITED Martin I. Applebaum, Q.C., President THE CORPORATION OF THE TOWN OF PICKERING Wayne Arthurs, Mayor Bruce Taylor, Clerk SCHEDULE to AGREEMENT DATED MAY 7, 1990 being revised SCHEDULE A to AGREEMENT DATED JANUARY 17, 1987 0 AREA E AREA AREA D AREA F AREA C ~o~~ ORIGINAL AREA DESIGNATIONS AREA A AREA C A!~A F AREA E ~o~'~ % REVISED AREA DESIGNATIONS AREA AREA F AP.~A C