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HomeMy WebLinkAbout92-97 THE CORPORATION OF THE TOWN OF NEWCASTLE BY-LAW 92-97 being a by-law to authorize the entering into of an Agreement to amend a Subdivision Agreement WHEREAS Kiddicorp Investments Ltd. and the Corporation of the Town of Newcastle entered into a Subdivision Agreement pursuant to Section 50 of the Planning Act, 1983, S.O. 1983 c.t which was registered against title in the Land Registry Office for the Land Titles Division of Durham (No. 40) as Instrument No. LT22876 and a portion of the undeveloped lands on which dwellings may be constructed has been transferred to 904255 Ontario limited. WHEREAS the parties have agreed that it is expedient to amend this Agreement to give effect to the recommendations of Paragraph 3.2.2.1 contained within the Development Charge Policy Report identified in Staff Report PD-59-92 at the Special Meeting of Council held on March 2, 1992 as amended by Council at its meeting held on March 23, 1992. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF NEWCASTLE HEREBY ENACTS AS FOLLOWS: 1. The execution of an amending agreement between Kiddicorp Investments Ltd., 904255 Ontario limited and the Town of Newcastle to amend the Subdivision Agreement between Kiddicorp Investments Ltd. and the Corporation of the Town of Newcastle registered as Instrument No. 22876 in the Land Registry Office for the Land Titles Division of Durham (No. 40), to give effect to the recommendations of Paragraph 3.2.2.1 contained within the Development Charge Policy Report, identified in Staff Report PD-59-92 at the Special Meeting of Council held on March 2, 1992 as amended at the Meeting of Council held on March 23, 1992, be ~nnroVf~cl 2. That the Mayor and Clerk are hereby authorized to execute on behalf of the Corporation of the Town of Newcastle the aforesaid amending agreement. By-law read a first time this 23rd day of March, 1992. By-law read a second time this 23rd day of March, 1992. By-law read a third time and finally passed this 23rd day of March, 1992.