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HomeMy WebLinkAbout95-25 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON BY-LAW 95-25 being a by-law to authorize the execution of an Offer to Sell between Robert William Dixon and Norma Lesley Avery and the Corporation of the Municipality of Clarington THE. CORPORATION OF THE MUNICIPALITY OF CLARINGTON HEREBY ENACTS AS FOLLOWS: 1 . THAT the Mayor and Clerk are hereby authorized to execute, on behalf of the Corporation of the Municipality of Clarington, and seal with the Corporate Seal, an Offer to Sell between the said Corporation and Robert William Dixon and Norma Lesley Avery, respecting the property municipally known as 58 West Beach Road, Bowmanville, Part Lot 11, Plan 150, Municipality of Clarington, Regional Municipality of Durham, which is attached hereto and marked Schedule "Al' and forming part of this by-law. By-law read a first and second time this 6th day of March 1995 By-law read a third time and finally passed this 6th day of March 1995 MAYOR A CLERK OFFER TO SELL We, the undersigned ROBERT WILLIAM DIXON and NORMA LESLEY AVERY, as Vendors hereby agree to and with THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON, as Purchaser, to sell the property municipally known as 58 West Beach Road, Bowmanville and legally described as Part of Lot 11, Plan 150, in the Municipality of Clarington,Regional Municipality of Durham,containing approximately 6200 square feet, (as shown on plan hereto annexed) (the "Property") at the price of NINETY THOUSAND ($90,000.00) DOLLARS payable on closing. ADDITIONALLY, the Purchaser agrees with the Vendor(s) to the following terms and conditions: 1. This transaction is to be completed on April 21, 1995 and on which date vacant possession of the Property is to be given to the Purchaser. 2. This agreement may be executed in counterparts and delivery of an executed copy of same by each party to the other shall constitute complete offer and acceptance thereof. 3. The purchase price includes all fixtures presently located upon the Property except for the rental hot water tank, water softener and two (2) ceiling fans. Vendor is to replace the ceiling fans with light fixtures. 4. The Vendors warrant that the building(s) on the Property has not been insulated with urea formaldehyde foam which warranty shall survive closing. 5. The Vendors shall discharge all encumbrances registered against title to the Property at their own expense on or before closing. 6. The Vendors acknowledge receipt of a copy of the appraisal report respecting the Property prepared by Property Valuators/Consulting Inc. dated December 29, 1994. PROVIDED the title is good and free from all encumbrances. The Purchaser is to be allowed sixty (60) days from the date of acceptance hereof to investigate the title at its own expense and if within that time it shall furnish the Vendor in writing with any valid objection to the title which the Vendor shall be unable or unwilling to remove, and which the Purchaser will not waive, this agreement shall be null and void. Adjustments to be proportioned and allowed to the date of completion of the sale. THIS OFFER TO BE ACCEPTED BY THE Purchaser within sixty (60) days of the date herein, otherwise this offer shall become null and void. This Offer, when accepted, shall constitute a binding contract of purchase and sale and time in all respects shall be the essence of this agreement. It is agreed that there is no representation, warranty, collateral agreement or condition affecting this agreement or the real property or supported hereby other than as expressed herein in writing. - 2 - THIS OFFER may be accepted by a letter delivered to the Vendor or mailed, postage prepaid, addressed to the Vendors at: 58 West Beach Road, Bowmanville, Ontario. DATED this day of 1995. Robert William Dixon Norma Lesley Avery THE CORPORATION OF THE MUNICIPALITY OF CL41UNGTON By: Mayor - D�jarle amre And By: 7; ti B