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HomeMy WebLinkAbout89-211 , THE CORPORATION OF THE TOWN OF NEWCASTLE BY-LAW NUMBER 89- 211 being a By-law to authorize the release of an Agreement with Cean Investments (Oshawa) Limited and the Corporation of the Town of Newcastle for the development of Plan of Subdivision 10M-761. 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 with the Corporation's seal, the release of Agreement between Cean Investments (Oshawa) Limited and the said Corporation. BY-LAW read a first time this 27th day of BY-LAW read a second time this 27th day of BY-LAW read a third time and finally pa sed November , 1989. November November this 27th , 1989 , 1989 day of ~ MAYOR , , 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 - CEAN INVESTMENTS (OSHAWA) LIMITED hereinafter called the "owner" OF THE SECOND PART WHEREAS the owner entered into a subdivision Agreement with the Corporation dated the 27th day of November, 1984 and registered in the Registry Office for the Land Titles Division of Newcastle (No. 10) on the 12th day of December, 1984 as Instrument No. 1818 which Subdivision Agreement affects the l~nds 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. 1818, 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) .. . . 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-761.