HomeMy WebLinkAbout95-83 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW 95-83
Being a By-law to authorize the execution of an
Agreement of Purchase and Sale between the
Corporation of the Municipality of Clarington and
Clarington Place Ltd.
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 Agreement of
Purchase and Sale with Clarington Place Ltd.
2 . THAT this Agreement of Purchase and Sale attached hereto as
Schedule "A" form part of this By-law.
By-law read a first and second time this 12th day of June, 1995 .
By-law read a third time and finally passed this 12th day of
June, 1995 .
Mayor
, 1
;' erk
AMENDED JAN.1993
OFFER TO PURCHASE
AGREEMENT OF PURCHASE AND SALE
DYE&DURHAM CO.INC.
Form No.116
CI:ARINGTON PLACE.LIMITED.....................................................
..........................(,.Purchaser")
having inspected the property,hereby agree to and with.THE.CORNRATION.O.F.-THE..MUNIC IP.AI.I.TY.OF..CLA21NGTON...............
.........................................................................................................................(„Vendor"),
Wwx..........................................................................................................X E16XXeV101 UX%"X1X
to purchase all and singular the premises situate on the ..nQrth..........side of..Hi.ghway..:..No...2...........................................
in the.Municipality. . . . . . ....
of Cla. rington. .,....Regional. . Mun1' ipality of Durham (Darlington)
. .. .... .. .. ... ... .. .......... . ....... .. .......j
.................................................................
known as.Part..Q.f..LQt..1 O,..Con.cess.i Qn..1.,..Par.t.7..on.Pr.el.iminary...40R..P l.an..........(herein called the"Property")
X+layrhgtK?<AW(XiX0QXXX..being.-1...64..acres.........more or less,XX3CM*19)6XA"XXXXXXXXXXX.XXXXXXX-XX.XXXXX,)Q' N)OXD(�$.
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Y YYVVIC.J CxXxhJCx1�XRAfNW1CJCxXXx �G�G81t '�R��.Xx....................................................
X URA X1Kt"XbXa`GA W&XXX XX X X X X..................
..............................................................................
FOUR HUNDRED AND TEN THOUSAND----------------- 410,000.00
at the price or sum(„Purchase Price”)of .............................................................................Dollars($. .. .. . ..)
FIVE THOUSAND------------------------------------------------- 5,000.00
asfollows:.:.....................................................................................................Dollars($....I.............)
cash or certified cheque to theXXXXgXaf/Vendor on this date as a deposit to be held in trust pending completion or other termination of this Agreement,and to be credited
on account of Purchase Price on closing,and covenant,promise and agree to pay the balance due on closing, subject to
the usual adjustments, by cash or certified cieque.
Attached Schedules "A" and "B" form part of this Agreement.
Attached Schedule "C" forms part of this Agreement.
The Purchase Price does not include Goods and Services Tax("G.S.T.")and,if this transaction is subject to G.S.T.,then applicable G.S.T.shall be in addition to the Pur-
chase Price.All G.S.T.shall be collected and remitted as required by law.If this transaction is subject to G.S.T.but the Vendor is not required to collect or remit G.S.T.,
the Purchaser agrees to provide on or before closing to the Vendor or Vendor's Solicitor a written certificate in a form reasonably satisfactory to the Vendor or Vendor's
Solicitor to the effect that the Vendor is not required to collect or remit the G.S.T.and shall provide the Vendor with the Purchaser's G.S.T.registration number,if applicable,
failing which the applicable G.S.T.shall be paid to the Vendor on closing.If this transaction is not subject to G.S.T.,the Vendor agrees to provide on or before closing
to the Purchaser or Purchaser's Solicitor a written certificate in a form reasonably satisfactory to the Purchaser or Purchaser's Solicitor certifying that the transaction is
not subject to G.S.T.
The Vendor represents and warrants that during the period of his or her occupancy of the Property and,to the best of his or her knowledge,prior thereto,no building on
the Property has been insulated with urea formaldehyde foam insulation.This warranty shall survive completion of this transaction.
All fixtures shall remain with the Property,except:
and the following chattels,the property of tha Vendor,shall be included in this sale for the price above-mentioned:
for a period of sixty (60) days following the date of
execution and delivery of this Offer by the Purchaser to
the Vendor
This Offer shall be irrevocable by the Purchaser A XXXXXX4)( XhV XXXXXXXXXXXXXXXXXX �XfXXXXXXXXXXXXX.XXXXX)6XX..after which
time,if not accepted,this Offer shall be null and void and the deposit returned to the Purchaser without interest or deduction.
PROVIDED the title is good and free from all encumbrances,except as aforesaid,and except local rates and minor easements for hydro,gas,telephone or like services
to the Property;said title to be examined by the Purchaser at his or her own expense,and the Purchaser not to call for the production of any title deed,abstract of title,
survey,proof or evidence of title,other than those in Vendor's possession or under his or her control;and provided the same have been complied with,the Purchaser to
accept the Property subject to Municipal requirements,including building and zoning by-laws,minor easements as above-mentioned,and to restrictions and covenants that
run with the land. prior to closing
The Purchaser to be allowed ...�O days... XCCaCCX ,}CC to investigate the title at his or her own expense,and if within that
time he or she shall furnish the Vendor in writing with any valid objection to the title,or to any outstanding Municipal work orders or deficiency notices affecting the Property,
or non-compliance with zoning by-laws,or that the present use of the property may not be lawfully continued,or that the buildings on the Property may not be insured against
risk of fire,which the Vendor shall be unable or unwilling to remove or correct,and which the Purchaser will not waive,this Agreement shall,notwithstanding any intermediate
acts or negotiations,be null and void and the deposit money returned to the Purchaser without interest or deduction,and the Vendor and the Agent shall not be liable for
any costs or damages.Save as to any valid objection so made within such time,the Purchaser shall be conclusively deemed to have accepted the title of the Vendor to the Property.
The Vendor hereby consents to the municipality releasing to the Purchaser details of all outstanding Municipal work orders or deficiency notices affecting the Property.
jp�jr�;Qp�V��1 e 2t^e1n
This Agreement shall be completed on or geidF�? iXXXXXX�X�X.XXXXXd4xfXXXXXXXXXXX.XXXXXX99X.on which date vacant possession of the
Property is to be given to the Purchaser unless otherwise provided for herein.
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SCHEDULE "A"
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V6' 14 '2
AtxMEl'YIENT Uk' PURCHASE AND SALE MADE BETWEEN
CLARINGTON PLACE LIMITED AS PURCHASER AND
THE CORPORATION OF MUNICIPALITY OF CLARINGTON
AS VENDOR WITH RESPECT TO THE PROPERTY
KNOWN AS PART OF LOT 16, CONCESSION 1, DARLINGTON
MUNICIPALITY OF CLARINGTON, REGIONAL MUNICIPALITY OF DURHAM
1. Unless the Purchaser and Vendor otherwise, agree in writing, this Agreement of
Purchase and Sale shall be completed upon the earlier of:
(a) within ten (10) days following the day on which a building permit(s) is issued
for the buildings proposed to be constructed on the Abutting Real Property
(as hereafter defined)as referred to below in this Agreement of Purchase and
Sale; or
(b) September 30, 1995; or
(c) thirty (30) days after receipt of written notice by the Vendor from the
Purchaser requesting that the closing be advanced.
2. Without in any way fettering the Council of the Municipality of Clarington in the
exercise of its legislative discretion,this Agreement of Purchase and Sale is conditional upon
the Municipality of Clarington on or before closing passing an amendment to Zoning By-law
No. 84-63 to permit the construction and use of buildings containing movie theatres,
restaurant uses and accessory uses, and to permit surface parking on portions of certain real
property (the "Abutting Real Property") which fronts on Highway No. 2 and is situated
between the real property which is a subject of this transaction and Street B which is shown
on Amendment No. 56 to the Municipality of Clarington's Official Plan and the issuance of
a building permit(s)to permit such development of the Abutting Real Property on or before
closing.
3. This Agreement of Purchase and Sale is conditional on the Vendor, the Purchaser
and Willsonia Industries Limited ("Willsonia") entering into an Agreement to amend a
Servicing Agreement made between them as of May 24, 1994 to provide for: (1) the
transfer and improvement of the intersection of proposed Street B and Street E shown on
proposed Amendment No. 56 of the Municipality of Clarington's Official flan; (2) the
transfer and improvement of the portion of Street E comprising part of the lands presently
owned by the Purchaser or Willsonia and situated easterly from the intersection of proposed
Street B and Street E; and (3) the improvement of the portion of proposed Street E which
abuts the Property. The transfer and improvements shall be on similar terms and conditions
as apply to the transfer and improvement of proposed Street B as provided in the aforesaid
Servicing Agreement.
4. Prior to the closing date, the Purchaser at its expense will prepare and deposit on
title a reference plan of survey describing the real property which is the subject of this
transaction. The Purchaser and the Vendor agree that if the reference plan of survey shows
that the real property which is the subject of this transaction contains either more or less
than 1.64 acres, the purchase price of such real property will be adjusted on closing by
increasing or reducing the amount of the purchase price by an amount which is equal to the
product achieved by applying $5.74 to the number of square feet contained in the real
property which is the subject of this transaction as shown on the registered reference plan
of survey.
5. This Agreement of Purchase and Sale is also conditional on the Municipality of
Clarington complying with the provisions of Section 193 of the Municipal Act, R.S.O. 1990
c.M.45, as amended and By-law No. 95-22 of the Municipality of Clarington on or before
closing.
6. Wherever and to the extent that any provision of this Schedule"B" conflicts
provision of the remainder of this Agreement of Purchase and Sale' with any
respective provision
Of this Schedule "B" the res
shall prevail.
`IE TT E "C"
PURCHASER'S WA RANTY AS TO HIS REGISTRATION STA'T'US
The Purchaser represents, warrants and agrees that:
{i) it is purchasing the Property as principal for its own account and same is not being
Purchased by the Purchaser as an agent, trustee or otherwise on behalf of or for
another person;
it is registered under Subdivision of Division V of Part IX of the Act for the
collection and remittance of GST; its registration number is R 140442591 and
such registration is in good standing and has not been revoked;
it shall be liable,shall self-assess and remit to the appropriate governmental authority
all GST which is payable under the Act in connection with the transfer of the
Property made pursuant to this agreement of purchase and sale, all in accordance
with the Act,
iv) it acknowledges that the Vendor is relying upon the accuracy of the above
representations and warranties in not collecting GST on closing and allowing the
Purchaser to self-assess and remit GST to the Receiver General in accordance with
the Act, and that such representations and warranties shall not merge on the closing
of this transaction;
(v) it shall indemnify and save harmless the Vendor from and against any Penalties, costs and/or interest which may become payable b se
or assessed all GST,
Vendor as a result of any inaccuracy, misstatement or misrepresentation against the
p r esentation made in
connection with any:matter raised in this paragraph or contained in any declaration
referred to herein;
(vi) it shall tender on closing a declaration and indemnity reflecting the above-not
provisions per Vendor's folmi; above-noted
(vii) it shall on or before the date which is ten (10) days prior to closing, provide
Vendor with a notarial copy of a written verification of its registration issued
Revenue Canada under the Act in form, satisfactory to Purchaser's solicitor.
sued by
citor.
In the event the Purchaser is unable or fails to comply in any way with the fore oin
Provisions, the following provisions shall be deemed to apply: g g
Schedule "C"
(i) the Purchaser covenants and agrees that it shall be responsible for a in and
remitting to the Vendor on closing the applicable GST payable under the A
connection with the transfer of the Property pursuant to this agreement of urchase
and sale and the failure of the Purchaser to do so, shall constitute a default Y the
e
Purchaser under the terms of the agreement of purchase and sale and e
limiting (and without prejudice to) any other rights or remedies avail without
able a
in equity to the Vendor, the `Vendor at its option may terminate this law or
s agreerr�ent and
retain all deposit monies therefore paid by the Purchaser together with any interest
therein as its liquidated damages and not as a penalty,