HomeMy WebLinkAbout77-94
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THE CORPORATION OF THE
TOWN OF NEWCASTLE
BY-LA\-l NO. 77-94
being a by-law to author~ the acquisition
of lands from Home Smith Properties Limited
WHEREAS the Town and Home Smith Properties Limited executed an
Agreement on June 6th, 1977, with respect to exchanging certain lands; and
WHEREAS, in order to exchange the lands mentioned in the Agreement,
it was necessary for Block F on Plan 693, in the Town of Newcastle, to be re-
zoned for commercial purposes; and
WHEREAS, due to various objections, Block F on Plan 693 in the
Town of Newcastle, was not rezoned for commercial purposes
NOW THEREFORE the Council of the Corporation of the Town of Newcastle
HEREBY ENACTS AS FOLLOWS:
1. That the Town shall purchase from Home Smith Properties Limited the whole
of Block A, the whole of Block E and Lot 21, on Plan 693, for the Town of
Newcastle, at a total purchase price of Fifteen thousand ($15,000.) Dollars.
2. That the Town of Newcastle enter into an Agreement with Home Smith
Properties Limited, a copy of which is annexed as Schedule "A" hereto.
3. That the Mayor and Clerk of the Corporation of the Town of Newcastle
are hereby authorised and directed to sign the Agreement and to place
thereon the Seal of the Corporation.
ENACTED AND PASSED this 5th day of December, 1977.
SEAL
G. B. Rickard
Mayor
J. M. McIlro
Clerk
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77 9Lf
TillS \1;I~LHIU\T J:I:ldt'
III ';llldJIII'licate) this 21st
day 0 r ~ () \' l' 111 h l' r. I ~ I 7"7 .
R E T\\' E E i\ :
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h l' r l' i 11 art (' r L' a 1 1(' d t Ill' " 'II , \\1 I "
OF TilE FIRST PART
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hl. rl' i l1a I"t l'r cll1l'd "lIollll' ~';1II it h"
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OF TilE SECOND PART
\,'III:RL:\S the 'I'll\\11 :llld Ill1lill' ')111 it h executed an Agreement
on .!lIlll' (11h, 1~I'i7. \-,:i tll rl':-;pt'l't to \'\I'!I;lllging certain lands; and
AJ~ .1.4...' ~ .,,4-~ ~ :.l~,,,:~ -~:-.~i.-:!".'.:'':' in the
':\~r\.Ti,:ll:, it 1"1:,, "',,, ~'.lr) :',)} ;'11'. t, I (Ill Plan 693r in the To~n
of \"",'",1 Ie, I u h,' r,' :olled fUI' '<'111''''1'<' i" 1 PllrJlOset; and
1'"11" . IS """ 1 0 I"'"'' I, ,<I, I" I i 0 11'. Il10ck i]' on 1'1. n 693. q..
III the TOI<Il n r \1'1'" '" lIe, "", lIul I.. o,,,'d for commircial purposes.
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t\ll\\' '11/1.1,1. Hl/~E Jill S .\(;I\LUil i\1 \~ I TNESSETH that in con-
sidl'/';It 1011 Ilf illt' ';lllll Ill' nile
- - - - - - - - - ~ - - - - - - - - - - - - . .
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paid hy L';IL'h 11f 111l' I':!rt il..'~ ht'/'vtll, :" IJI(,' other of them, the
/('I('II'! dflcl 'III i If If 'I,,)' \":"'!I(Jf ,II" i,l 1I11Y dcknowledg.c.d by each of
t!lVIII, the P;lItl\> h'.'ll'tu \,()\('II:lllt .I:ld ,I,"I';'l' \~ith each other as
rollo\\'s;
1. The TUhn ':11:111 (1I! rt'h:I~t' (.11111 11l1Jl1c Smi th thc whole of Block
A, th(,. \\11(11(' \11' j';luck I: :lllll lot /1, 1)11 1"lan 693, for thc Town of
:\l'\\'La~tlc, :It a tutal purchase prire of Fifteen thousand ________..._
.-..---------- ($15,OOO.llO)
------------------- Dol1lr.
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lIpllll Il'1:i:-;tcring the 11l'L'd l'ullvcying Block A, Block E
and Lot 2 1, all l>!1 P 1 an h ~I 3
1 n t h(' Tl)\,'n of Newcast Ie ~ in the Re8is-
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ili\'isil1!1 of :\c\,'castlc (No~ 10), then,
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t r)' (1 f f i L' e for t h l' I~ l' g i s try
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all of the terms, l'Olllli t i Oll~ :11Il1 ~:O\'l"lIallt ~ contained in the Land
Exchange Agn.'eIlll'nt ('Xl'cutcd IH'1\,'l'l'n thl' lll\\n and lIome
6th, 1~)77, shall ll'llllill;ltl' alld :-;udl tl'rlll~, conditions
Sm~th
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and
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on June:
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covenantsi
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any c:JSl'lIIcnt, rest ril:t ion, rc-quirelTll'l1t, regulation or any other
agfl'l'IlH.'nt \,'ith ;111)' ClIJllpCtl'lIt :Il1thurit), h'hether such restriction
has heen or hereinafter \\'ill he imposeo against the real property
and the Town further covenants \oJith IIome Smith that it will assulfte
all re~ponsihilit)' \dth respect to SlIch lIIatters as well as assume'
all fl'spunsibility \oJith respect to paying all required levie~,
charges Iwrtaining to the real propert)' and/or its development,
servh~ing, constrllct ion and use and the To\\'n further covenants witb
1I0llle Smith to illlll-:Ilnify ;Ino savc 1I0llle Smith harmless from any and
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all claims, ~kmands, l1:lmagcs, actions or causes of actlon with i
res pc c t t 0 s a me .
4. Tlw part it'S hert'to agree that the terms and
cOlltailll'o lal"relll ...hall nut w.:r~e at the timc of regis;teriIlJt~e
Dced of Block A, Block E and Lot 21, all on Plan 693,11.~'f:a.\f~i'i,;
oft he Tu~ n hilt t he terms a nd con d it i un s con ta i nc'd he~eln':":51\~i::::.'
survin.' the closing of the transaction. The parties erotolof
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ngree that thcy shall rort}l\~ith, upon request, exccut anytQ~f..
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reasonahle dlH"lI11IL'lItat ion to givc full to tho
intent a I III fair !IIl'alling of the terms of this
5. Thi s Agrcc'llIl'nt shall enure to the benefit f and be
. hinding upon each of the part i cs hereto and their rcs~cctive
heirs, executors, administrators, successors and assi~ns.
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IN h'll\/:SS \\'/ILREOF the pa rt i es hereto have: hereunto
affixed their corporate seals July attested to by the; silnat~tl..j
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of their proper officers, duly authorized in that behalf.
TilE CORPORAT.l.ON OF THE TOWN OF NBW~';,'
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Per: _,~'c:-' _~--:' 0 . , .4
Ma,yO~v /(. \ /
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1I0"lE SMITII PROPERTIES LIMITED
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