HomeMy WebLinkAboutBy-law 3785/70THE CORPORATION OF THE TOWNSHIP OF PICKERING
BY-LAW NUMBER 22A 7c,
Being a By-law to authorize the execution
of an Agreement of Purchase and Sale and
all documents required to complete the
sale of a parcel of industrial land in
Lot 19, Range 3.
WHEREAS D'Angelo Homes (P. & G.) Ltd. desire to enter into
an agreement of purchase and sale for the purchase of a
1.25 acre parcel of industrial land on the west side of
Brock Road in Lot 19, Range 3 of the Township of Pickering,
at a price of $8,000.00 per acre.
AND WHEREAS an Agreement has been prepared providing for
the payment of a deposit of $1,000.00 to be held in trust
by the agent as agent fees, and payment of a further
$10,000.00,,by certified cheque on closing, May 29, 1970.
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AND WHEREAS the said Agreement provides for the reconveyance
of the said lands to the Township, at the option of the
Township in default of the purchasers failing to develop
the property for industrial purposes as provided in the
said Agreement.
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE
TOWNSHIP OF PICKERING ENACTS AS FOLLOWS:
1. The Reeve and Clerk are authorized enter into an
Agreement of Purchase and Sale with D'Angelo Homes
(P. & G.) Ltd. for a 1.25 acre parcel of land in
Lot 19, Range 3, on the west side of Brock Road, at
a price of $8,000.00 per acre.
2. The Reeve and Clerk are further authorized to execute
a Deed and all other documents necessary to complete
the sale of the said property to D'Angelo Homes
(P.& G.) Ltd.
Read a first, second and third time and PASSED in open
Council this 2nd day of March, 1970.