HomeMy WebLinkAbout77-49 A
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THE CORPORATION OF THE
TOWN OF NEWCASTLE
By-Law No. 77-49 A
Being a by-law to authorize the Mayor and Clerk to
execute a quit claim deed, under the corporate seal
of the Town in favour of Zichy-Thyssen Real Estate
Limited.
WHEREAS the Corporation of the Town of Newcastle by deed of conveyance dated
the 22nd day of September, 1975 and registered in the Registry Office for the
Registry Division of Newcastle (No. 10) on the 9th day of January, 1976, as
Instrument No. 76006, conveyed the lands referred to therein and which deed contained
the following covenant, namely:
AND the said grantee covenants and agrees to complete the construction
of an industrial building having a floor area of not less than 30,000
square feet exclusive of office space on the above described land within
one year from the date of closing and which building shall be in accordance
with a site plan submitted to and approved by the grantor prior to
construction being commenced. In the event that th~ said building is
not constructed within the said period of one year from the date of
closing, then in such event, the ownership of the land conveyed shall
revert to the Grantor upon payment by the Grantor to the Grantee of
90% of the purchase price of $87,720.00 less the entire balance owing
on any encumbrance against the property, including the mortgage being
given back to the Town of Newcastle, and the Grantee shall, at the
request of the Grantor and for purposes of greater assurance, execute
a re-conveyance back to the grantor of the said land.
AND WHER2AS the said Courtice Specialty Steels Ltd. by deed of conveyance
dated the 13th day of January, 1976, and registered in the said Registry Office on
the 11th day of February, 1976, as Instrument No. 76394 conveyed the lands to
Zichy-Thyssen Real Estate Limited.
AND WHEREAS the terms of the aforesaid covenant have been complied with.
AND WHEREAS the owner of the land has requested the Town execute a quit
claim deed to release the covenant.
NOW THEREFORE BE IT ENACTED by the Council of The Corporation of the Town of
Newcastle, as follows:
1.
For the purpose of releasing the covenant and agreement made in a deed
dated the 22nd day of September, 1975 and registered in the Registry Office
for the Registry Division of the Town of Newcastle (No. 10) on the 9th day
of January, 1976, as Instrument No. 76006, the Mayor and Clerk, on behalf
of The Corporation of the Town of Newcastle, are hereby directed to execute
a quit claim deed under the corporate seal of the Town in favour of Zichy-
Thyssen Real Estate Limited, for the following lands and premises, namely:
.....2
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- 2 -
By-Law No. 77-49A
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ALL AND. SINGULAR that certain parcel or tract of land and premises
situate, lying and being in the Town of Newcastle, in ~he Regional
MUnicipality of Durham, and being formerly in the Town of Bowmanville,
in the County of Durham, and being composed of part of Blocks 10 and
13 as shown on the Smart Estate Plan by L.H. Shortt, P.L.S. being part
of the original Township Lot 9 in the Broken Front Concession of the
Geographic Township of Darlington and which said land is now more
particularly described as Parts 4 and 5 shown on a Reference Plan
lOR 276 deposited in the Registry Office on December 3, 1973, a
photocopy of a portion of which is attached hereto.
By...Law Read a first and second time this .. ?!::F. day of . .l~ ,:-:-;J A.D. 1977
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By.Law Read a third and final rime this .:1...:..... day of ...... ... A.D. 1977
G.B. RickardM_n__~ /
Mayor ~
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PLAN OF SURVEY
OF ?~RTS 0F BLOCKS :0, i 1,12,13,14,17,:8
/.'~./::'\ '9 R'PTC::-Si\,l/\O""- A\/;:~':I 'r::- .'\I I 0"
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Hn 1\ t r"t- ~ r,;"i, ;
S. .vR T S PL.AN \.." TI-L. T \..'.,. \j vr
BOWivlANVILLE
BEJ\IG ffi;::?TCF T(J\V;\JSHIPLCT 9 8R:Ji<EN
rhlf]NT CCNCESSION JQ\ANS~:?Cf [AR'~,J\IGTC
Count'v' of D:lr ham
~LE: I '1".:." = '00 f~r .
H F GrGr.der 6 L 5,
1973
CAUTION: THIS PLAN IS NOTA PLAN OF SUBDIV
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WITHIN THE MEANING OF SECTIONS;
330FTHE PLANNINGACl: ·
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NOTE: ALL HANGING LINES SHOWNCN THIS?....AN HAVE BEEN Vi:
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SURVEYOR'S
CERTIFICATE
I H:RE8'I'C(Rn;:-YTH.1T
I rh,s sur'/eya:v.l pic" ore! a:YreclO;1d,rH:ccprdcnce ...,m 7!'!e Sur'l~1'S to;:, cl14
~e ~~slry"C! end tl".e re<;u:c:.ons mC;::e :r~ri.".J~
2n.e sur'/e, wOS Co",,:>I~lt!d en !he! Cfto:y cf M~I. 1973.
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