HomeMy WebLinkAboutBy-law 387/76THE CORPORATION OF THE TOWN OF PICKERING
BY-LAW NUMBER 3 $ -7 1 1-7 I
Being a by-law to authorize the execution
of an agreement between the Corporation of
the Town of Pickering and Pitney Bowes of
Canada Ltd./Pitney Bowes du Canada Ltee.
with respect to the purchase of Parts 2
and 3, Plan 40R-2638, Town of Pickering
WHEREAS, pursuant to the provisions of subsection 1 of
section 336 of The Municipal Act, R.S.O. 1970, chapter 284,
the Council of the Corporation of the Town of Pickering may
pass by-laws for acquiring land required for the purposes of
the Corporation;
AND WHEREAS, pursuant to the provisions of subsection 3
of section 336 of that Act, if it appears that a larger
quantity of land than is required can be more reasonably
and more advantageously acquired, the Council may acquire
such larger quantity;
AND WHEREAS the Corporation of the Town of Pickering
wishes to acquire Parts 2 and 3 on Plan 40R-2638, Town of
Pickering, for road purposes;
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 between the Corporation of the Town of Pickering
and Pitney Bowes of Canada Ltd./Pitney Bowes du Canada Ltee.
with respect to the purchase by the Town of Parts 2 and 3
on Plan 40R-2638, Town of Pickering.
By-law read a first, second and third time and PASSED in open Council
this 1d, day of 4( '4
-RiNG
?jf
-"--. YEA I PJ A Y a
? L
K! f
L. l
, 1976.
Mayor '
•V?_
Administrator-Clerk
!1. '?_
THIS INDENTURE OF AGREEMENT made as of the 10th day of
March, 1976.
;
B E T W E E N:
PITNEY BOWES OF CANADA LTD.
PITNEY BOWES DU CANADA LTEE.
hereinafter called "Pitney Bowes"
OF THE FIRST PART
and
THE CORPORATION OF THE TOWN OF
PICKERING,
hereinafter called "Pickering"
OF THE SECOND PART
I
j WHEREAS Pitney Bowes will shortly be receiving a con-
.
j veyance of Parts 2 and 3, Plan 40R-2638, Town of Pickering from
Monarch Marking System, Limited; and
WHEREAS Pitney Bowes had planned to erect its new
a it
plant on said Part 3; and
WHEREAS Pickering requires these lands for certain
road opening purposes and has requested that said lands be
conveyed to it; and
WHEREAS Pitney Bowes has agreed to convey said lands
to Pickering; and
WHEREAS it is considered desirable that these agree-
' l
ments be reduced to writing;
NOW THEREFORE THIS INDENTURE WITNESSETH that in con-
sideration of the mutual convenants and agreements herein con-
tained the parties hereto mutually agree as follows:
l
1. Pitney Bowes will sell to and Pickering will buy from
Pitney Bowes, Parts 2 and 3 of Plan 40R-2638 Pickering, consist-
ing of 6.054 acres at and for a price of $124,500.00.
;
IN WITNESS WHEREOF the parties hereto have hereunto
executed this agreement under their corporate seals and signed
;
?I
- 2 -
by their proper officers duly appointed.
PITNEY BOWES OF CANADA LTD.
PITNEY BOWES DU CANADA LTEE.
Per:
President
Per:
Secretary
THE CORPORATION OF THE TOWN
OF PICKERING
Per: "rli,`.l1`?l.il