Loading...
HomeMy WebLinkAboutBy-law 2799 BY-LAW NO. ~__7_~__ A By-law of the Corporation of the Township of Pickering to authorize the Corporation to sell certain Township Industrial Lands to Supreme Alu.minum Industries Limited. WHEREAS the Township of Pickering is the owner of part of Lot 20, Range 3, Broken Front Concession in the Town- ship of Pickering, shown on the draft plan attached hereto and desires to sell part thereof shown edged in yellow having an approximate area of 17.6 acres to Supreme Aluminum Industries Limited; THEREFORE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWNSHIP OF PICKERING ENACTS AS FOLLOWS: 1. That the Township sell the aforesaid lands s~own edged in yellow on the attached plan to Supreme Aluminum Industries Limited at the price of $50,000. 2. T~at the Reeve and Clerk are authorized to execute the Agreement of Sale and Deed to carry out the sale of the said lands to Supreme Aluminum Industries Limited. The Agree- . ment to be in the form attached hereto as Appendix A. READ a First and Second time this 3rd day of June, 1963. READ a Third time and PASSED this 3rd, day of June, 1963. CORPORATION THE ~SHIP OR PICKERING ~/ Reeve A n~ ~~__~'_ I Clerk THIS AGREEMENT made the [~rd day of JuneA.D., 1963 BETWEEN: SUPREM~ ALUMINUM INDUSTRIES LIMITED, of the City of Toronto, in the County of York, hereinafter called THE PURCHASER OF THE FIRST PART THE MUNICIPALITY OF THE CORPORATION OF THE TO~SHIP OF PICKERING, of the Township of Pickering, im the County of O~tario, hereinafter called THE VENDOR OF THE SECOND PART The Purchaser agrees to purchase and the Vendor agrees to sell through J.J. LAMBERT REAL ESTATE LIMITED, Agent for the Vendor, a parcel of land being part of L~t 20, Broken Front Concession, Range III, ia The Tow~skip of Pickering, having am area of about 17.6 acres. The said property shall !i have a frontage of about 815-feet, more or less, on the East side of the Sandy Beach Road being approximately rectangular in shape and having a depth of · about 9~-feet, mere or less. The N~rth West angle of the said property measures about 595-feet, m~re or less, Southerly along the East limit of the Sandy Beach Road from the $~mth East angle of the Base Line and Sandy Beach Roads. The purchase price of the said lands shall be the sum of FIFTY THOUSAND ($50,000.00) DOTI?AR~ payable as follows:- The sum of FIVE THOUSAND ($5000.00) DOLLAR~ paid herewith by the Parchaser to the Agent for the Vendor aa a deposit to be held by such Agent pending approval by the Department of Municipal Affairs of this Agreement, and to be credited on account of the purchase price. The P~rchaser further agrees to pay a further sum of TWENTT 10-days/notice by registered post by the Vendor to the Purchaser that this Agreement has been approved by the Department of Municipal Affairs of the Province of Ontario, on which date vacant possession of the said premises shall be given to the Purchaser and on which date adjustments for taxes shall be made. The balance ef the purchase price ia the amount of T~ENTY FIVE THOUSAND ($25,000.00) DOLLAP~ shall be due and payable on December 31st, 1963. ,' This Agreement shall be subject to the approval of the Department of ~kuuicipal Affairs and said approval shall be given within 15-days after acceptance by the Vendor, otherwise the Purchase~may at his option withdraw from this Agreement and be entitled to the return of its deposit monies without interest or deduction. The Vendor agrees to install sanitary sewer and w~ter mains to the lot line on the Sandy Beach Road at the Vendor' s expense. Said services to be completed within 30-days after approval of this Agreement by the Department of ~mnicipal Affairs. The Purchaser agrees to grant the Vendor the right of easement for sewer and water maims over the property herein conveyed if required by the Vendor. The location of such easement shall be satisfactory to the Vendor and the Purchaser. The title is to be investigated by the Purchaser at the Purchaser' s expense and the Pmrchaser shall n~t call for the production of any Abstract of Title, Deeds, S~rvey, Proof or Evidence of Title, or any copies thereof other than those in the Vendor's possession or control. · The Peach.set sha~l be s~lowed 10-days s~ter written notification the Vender that this A~reement has been approved by the De~rtment of A~f~irs to investigate the title a~d if within that time the P~chaser sha~l f~r~ish the Vendor i~ ~ritin~ with an~ vs~id objection to the title ~ich the Vendor sh~11 be ~n~ble or ~willt~ to remove and ~hich the P~rch~ser ~ not ~tve, this Agreement sha~l be ~ and void ~nd ~11 the monies p~id hereunder sha~l be returned to the Purchaser without interest and the Vendor sh~ll net be liable fo~ an~ expenses, costa or d~m~ge incurred by the P~chaser.~ve aa to a~y va~id objection se ma~e wit~i~ such time, the P~chaser sh~ll be con- clusivel~ deemed to ha~e accepted the title of the Vendor to the l~nds herein. The Vendor covens~s that the property is free and cle~ and not encumber the property i~ an~ w~y durin~ the currency of this Agreement. F~c~ pa~ty is to pay the costs for registration and taxes o~ his ~ ~c~ments. The Purchaser covenants and agrees within 45 days after the above-mentioned notice by the Vendor that this agreement has been approved by the Department of Municipal Affairs to commence construction on the said lands of a factory building of not less than 15,000 square feet, to proceed diligently with the construction thereof and to complete such construction substantially within six months after the aforesaid notice. Provided that should the purchaser be delayed in such construction by reason of strikes, lockouts, acts of God or the Queen's enemies, unavailability of normal structural materials or other reasons beyond the purchaser's control the time for commencement and completion' of such construction shall be extended by a period of time corresponding to such delay. Should the purchaser fail within the time hereby limited to complete such construction the vendor may at its option terminate this agreement and forfeit the aforesaid deposit of ~5,000.00. It is a condition of this offer and any agreement resulting from acceptance thereof that the soil and sub-soil of the lands hereby sold shall have a load bearing capacity sufficient to support factory buildings of conventional construct- ion for both light and heavy industrial uses. The vendor shall make available to the purchaser the results of all soil tests which the vendor has conducted or caused to be conducted with respect to the said lands. Should the purchaser find, within 30 days after the giving by the vendor of the above-mentioned notice that this agreement has been approved by the Department of Municipal Affairs, that the soil and sub-soil of the said lands do not have the aforesaid load bearing capacity the purchaser shall be at liberty to terminate this agreement and all monies paid by the purchaser to the vendor shall be returned forthwith without interest or deduction. On completion of the aforesaid construction and payment by the purchaser of all monies payable to the vendor hereunder the vendor shall convey the said lands to the purchaser by a good and sufficient deed in fee simple. It is expressly understood and agreed that time is to be considered of the essence of this Agreement. It is understood and agreed that ar~ notice pertaining to this Agreement require~ to be given to either of the parties shall be given and sufficiently given if sent by prepaid registered post addressed to the Purchaser's Solicitors, Parkinson, Gardiner & Roberts, 365 Bay Street, Toronto, Ontario and to the 7endor's Sol/citers, Stevens, Hassard & Elliott, 50 King Street West, Toronto, Ontario. Either ef the parties ~ be deemed to have received such notice the date following the day upon which said notice is posted by registered mail as aforesaid. This Agreement and everything herein contained shall enure to the benefit of and be binding upon the successors and assigns of the parties herete. DATED AT TORONTO this ~/~ day of .~~f~ A.D., 1963 Purcha~e~ DATED AT TORONTO this day of May A.D., 1963 THE )~3NICIPALITY OF THE CORPORATION OF THE TOWNSHIP OF PICKERING .......... Vendor' ' ............. Vendor ' BY-LAW NO 7. ~ ~ ~ . A By-law of the Corporation of the Township of Pickering to authorize the Corporation to sell certain Township Industrial Lands to Supreme AluminUm Industries Limited. WHEREAS the Township of Pickering is the owner of part of Lo~ 20, Range 3, Broken Front Concession in the Town- ship of Pickering, shown on the draft plan attached hereto and desires to sell part thereof shown edged in yellow having an approximate area of 17.6 acres to Supreme Aluminum Industries Limited; THEREFORE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWNSHIP OF PICKERING ENACTS AS FOLLOWS: 1. That the Township sell the aforesaid lands shown edged in yellow on the attached plan to Supreme Aluminum Industries Limited at the price of $50,000. 2. That the Reeve and Clerk are authorized to execute the Agreement of Sale and Deed to carry out the sale of the said lands to Supreme Aluminum Industries Limited. The Agree- ment to be in the form attached hereto as Appendix A. READ a First and Second time this 3rd day of June, 1963. READ a Third time and PASSED this 3rd, day of June, 1963.