HomeMy WebLinkAboutBy-law 1195/80THE CORPORATION OF THE TOWN OF PICKERING
BY-LAIV NO. 119EY80
Being a By-Law to amend By-Law 1029/79,
authorizing the execution of a Subdivision
Agreement between the Corporation of the
Town of Pickering and Bramalea Limited
respecting Block Z, Plan M-1058, Pickering
(Draft Plan 18T-76054)
WHEREAS, on July 30th, 1979, the Council of the Corporation
of the Town of Pickering enacted By-Law 1029/79, authorizing
the execution of a Subdivision Agreement between the
Corporation of the Town of Pickering and Bramalea Limited
respecting Block Z, Plan M-1058, Pickering (Draft Plan
18T-76054); and
WHEREAS, the said Agreement has yet to be executed pursuant
to the authorization granted in By-Law 1029/79; and
WHEREAS, it is deemed expedient to amend certain of the
provisions of the said Agreement prior to execution by the
Town;
NOW THEREFORE, the Council of the Corporation of the Town
of Pickering HEREBY ENACTS AS FOLLOWS:
1. Clause (b) of section 34 of the Subdivision Agreement
forming Schedule "A" to By-Law 1029/79 is hereby
amended by deleting therefrom the date "April 6th,
1980" and substituting therefor the date "April 6th,
1981".
2. Subsections (b), (c) and (d) of section 1 of Schedule
"B" of the Subdivision Agreement forming Schedule "A"
to the said By-Law are hereby deleted and the following
substituted therefor:
(b) The required industrial or commercial buildings
shall be completed on or before the 31st day of
December, 1983.
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(c) If, on the 1st day of January, 1984, the required
industrial or commercial buildings have not been
constructed, then commencing in 1984, the Owner
shall pay annually to the Town on the 15th day of
January in each year, liquidated damages in the
amount of $350 for every 93 square metres or part
thereof of the required industrial or commercial
buildings not constructed on each January lst.
(d) The owner shall leave deposited with the Town,
its performance guarantee in the amount of $60,000
to guarantee the satisfactory completion of the
required industrial or commercial buildings on or
before the 31st day of December, 1983, and to
secure the payment of any liquidated damages that
may become payable under (c) above.
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3. Subsections (2) and (3) of section 2 of Schedule "B"
of the Subdivision Agreement forming Schedule "A" to
the said By-Law are hereby deleted.
BY-LAW read a first, second and third time and finally passed
this 20th day of October 1980.
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