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THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW 192- 22
Being a By-Law to authorize the execution of an offer to Lease
Agreement with Oswenda Investments Limited in respect of a lease
agreement for premises situated at 143 Duke Street, Bawmanville
(Tourist Information Centre)
THE CORPORATION OF THE TOWN OF NEWCASTLE HEREBY ENACTS AS FOLLOWS:
That the Mayor and the Clerk are hereby authorized to execute, on
behalf of the Corporation of the Town of Newcastle, and seal with
the Corporate Seal, an offer to Lease Agreement between Oswenda
Investments Limited and said Corporation, which is attached
hereto and marked Schedule "B".
By-Law read a first and second time this 13th day of January 1992.
By-Law read a third time and finally passed this 13th day of
January 1992.
,JtM~~.{~l
/ . Mayor
Clerk
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By-Law 92-22
SCHEDULE "B"
LEASE RENEWAL AGREEMENT
THIS AGREEMENT dated as of the First day of May, 1990
BETWEEN:
Oswenda Investments Limited
(hereinafter called the "Landlord")
PARTY OF THE FIRST PART
and
The Corporation of the Town of Newcastle
(hereinafter called the "Tenant")
PARTY OF THE SECOND PART
RECITALS:
A. By a Lease dated the First day of May, 1990, the Tenant leased
from the Landlord for and during the term (the "Term") of
one year & eight months, commencing on the 1st day of May, 1990,
and expiring on the 31st day of December, 1991 certain premises
(the "Leased Premises"), known as the gas station office located at
the Flying Dutchman Hotel, 143 Duke street, Bowmanville in the
Province of Ontario; and
B. The Landlord and Tenant have agreed to renew the Lease for a
further three (3) years in accordance with the terms and conditions
as the lease dated May 1st, 1990 and with an increase of $25.00 per
month, per annum, as outlined below:
YEAR ONE:
January 1992-December 31, 1992 - $275.00 per month
YEAR TWO:
January 1993-December 31, 1993 - $300.00 per month
YEAR THREE: January 1994-December 31, 1994 - $325.00 per month
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By-Law 92-22
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PAGE TWO
The consideration for this Agreement is the mutual covenants and
agreements between the Parties and the sum of One Dollar ($1.00)
that has been paid by each of the Parties to the other, and the
receipt and sufficiency of which is acknowledged, and the Parties
hereto agree as follows:
1. The foregoing Recitals are true in substance and in fact.
2. This Agreement shall enure to the benefit and be binding on the
Parties hereto and their respective successors and assigns.
3. The Landlord hereby consents to the said extension.
IN WITNESS WHEREOF the Landlord has duly executed this Agreement
at Rexdale this day of, 199 .
OSWENDA INVESTMENTS LIMITED
Per:
THE CORPORATION OF THE TOWN OF NEWCASTLE
Per:
719