HomeMy WebLinkAboutBy-law 388/76THE CORPORATION OF THE TOWN OF PICKERING
BY-LAW NUMBER 'o b
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 Parts 6, 71 8, 9 and 10,
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 may
therefore acquire for road purposes Parts 4, 5, 6, 7, 8 and 9
on Plan 40R-2638, Town of Pickering, Parts 4, 7, 8 and 9 not
being required;
AND WHEREAS the Corporation of the Town of Pickering is
the registered owner of and acquired or held on or before
December 31, 1973 Part 10, Plan 40R-2638, Town of Pickering;
AND WHEREAS Pitney Bowes of Canada Ltd./Pitney Bowes du
Canada Ltee, wishes to purchase said Part 10;
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 sale and purchase of Parts 6, 7,
8 and 9, Town of Pickering, and the sale by the Town of
Part 10 on Plan 40R-2638, Town of Pickering.
By-law read a first, second and third time and PASSED in open Council
this Iki, day of `^YA
, 1976.
Mayor
? f
Administrator-glerk
L, {
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
WHEREAS Pickering has agreed to sell and Pitney Bowes
has agreed to buy Part 10, Plan 40R-2638, Town of Pickering; and
WHEREAS Pickering has agreed to give to Pitney Bowes
the irrevocable right of first refusal to the sale of Parts 6,
7, 8 and 9 according to said Plan 40R-2638 at whatever price
will be agreed upon if such sale is accepted and completed; and
If and when Pitney Bowes purchases from Pickering said
Parts 6, 7, 8 and 9, Plan 40R-2638, then Pitney Bowes has agreed
to re-convey to Pickering free of charge, said Part 6 and Pickering
agrees that it will immediately dedicate said Part 6 for highway
purposes; and
WHEREAS it is considered desirable that these agreements
be reduced to writing;
NOW THEREFORE THIS INDENTURE WITNESSETH that in con-
sideration of the mutual covenants and agreements herein con-
tained the parties hereto mutually agree as follows:
1. Pitney Bowes will buy from Pickering and Pickering will
sell to Pitney Bowes, Part 10, Plan 40R-2638 Pickering, consist-
ing of 6.00 acres at and for a price of $210,000.00.
2. Pickering will grant to Pitney Bowes the irrevocable
right of first refusal to purchase from Pickering, Parts 6, 7, 8
and 9, Plan 40R-2638 Pickering, and in the event of such right
being exercised by Pitney Bowes, Pitney Bowes will forthwith re-
convey to Pickering, Part 6 according to said plan, free of
charge, and Pickering will forthwith dedicate said Part 6 for
highway purposes.
IN WITNESS WHEREOF the parties hereto have hereunto
executed this agreement under their corporate seals and signed
n _ 2 _
by their proper officers duly appointed.
PITNEY BOWES OF CANADA LTD.
PITNEY BOWES DU CANADA LTEE.
i
Per:
President
Per.
Secretary
THE CORPORATION OF THE TOWN
OF PICKERING
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