HomeMy WebLinkAbout89-209
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THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW NUMBER 89- 209
being a By-law to authorize the release of an Agreement with
Kiddicorp Investments Limited, Rorero Limited, and the Corporation
of the Town of Newcastle for the development of Plan of Subdivision
10M-756.
The Council of the Corporation of the Town of Newcastle hereby
enacts as follows:
1. THAT the Mayor and Clerk are hereby authorized to execute
on behalf of the Corporation of the Town of Newcastle, and seal
wi th the Corporation's seal, the release of Agreement between
Kiddicorp Investments, Rorero Limited and the said Corporation.
BY-LAW read a first time this 27th day of November , 1989
BY-LAW read a second time this 27th day of November , 1989
BY-LAW read a third time and finally passed this 27th day of
November , 1989.
It
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RELEASE
THIS INDENTURE made (in triplicate) this
1989.
BETWEEN:
day of
,
THE CORPORATION OF THE TOWN OF NEWCASTLE,
hereinafter called the "Corporation" OF THE FIRST PART
- and -
KIDDICORP INVESTMENTS LIMITED, RORERO LIMITED,
carrying on business as BLACKCREEK DEVELOPMENTS,
hereinafter called the "Owner" OF THE SECOND PART
WHEREAS the Owner entered into a Subdivision Agreement with the
Corporation dated the 14th day of May, 1984 and registered in the
Registry Office for the Land Titles Division of Newcastle (No. 10)
on the 2nd day of August, 1984 as Instrument No. 1672 which
Subdivision Agreement affects the lands more particularly described
in Schedule "A" attached hereto;
AND WHEREAS the Owner has satisfied all the terms and conditions
contained in the said Subdivision Agreement with respect to the
property described in Schedule "A";
AND WHEREAS the Corporation has agreed to release the Owner from
the above referred to Subdivision Agreement as same affects the
lands described in Schedule "A" attached hereto;
NOW THEREFORE in consideration of the sum of TWO
---------------------------------($2.00)------------------dollars
now paid by the Owner to the Corporation, the receipt of which is
hereby acknowledged the Corporation does hereby release and forever
discharge the Owner, their successors and assigns, all of the
property described in Schedule "A" attached hereto from the burden
of the hereinbefore recited Subdivision Agreement as set out in
Instrument No. 1672, with the exception of the Owner's
responsibility for drainage as provided therein and the Owner's
acceptance of the conditions for applying for building permits as
provided therein.
IN WITNESS WHEREOF the Corporation has hereunto affixed its
corporate seal duly attested to by the signatures of its proper
officers duly authorized in that behalf.
THE CORPORATION OF THE TOWN OF NEWCASTLE
(MAYOR)
(CLERK)
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DESCRIPTION
SCHEDULE "A"
ALL AND SINGULAR that certain parcel or tract of land and premises
situate, lying and being in the Town of Newcastle, in the Regional
Municipality of Durham and Province of Ontario, and being composed
of Parcels
Plan lOM-756.