HomeMy WebLinkAbout90-181
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THE CORPORATION OF .'PHE TOWN OF NEWCASTLE
BY-LAW..gO- 181
being a By-law to authorize the release of an Agreement with The
Toronto Dominion Bank and the c~rf~ration of the Town of Newcastle
for the development of Plans of Subdivision 10M-760 and 10M-766.
The Council of the Corporation of the Town of Newcastle hereby
enacts as follows:
1. THAT the Mayor and Clerk a~e hereby authorized to execute on
behalf of the Corporation of. the Town of Newcastle, and seal
with the Corporation's se~.:L, the release of an Agreement
between The Toronto Dominion. Bank and the said corporation.
BY-LAW read a first time this l2th day of
November
, 1990
BY-LAW read a second time this ~2th day of
November
, 1990
BY-LAW read a third time and finally passed this 12th
November , 1990.
day of
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RELEASE
THIS INDENTURE made (in triplicate) this
1990.
BETWEEN:
day of
,
2'Il1f CORPORATION OF TIlE TOWN OF NIniCASTLE,
hereinafter called the "Corporation" OF THE FIRST PART
- and -
THE TORONTO DOIIINION BANK,
hereinafter called the "OWner" OF THE SECOND PART
WHEREAS the OWner entered into a Subdivision Agreement with the
Corporation dated the 30th day of November, 1984 and registered in
the Registry Office for the Land Titles Division of Newcastle (No.
10) on the 8th day of August, 1986 as Instrument No. 1836 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. 1836, 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.
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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-760 & lOM-766.