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THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW NUMBER 98- 121
being a By-law to authorize the Release of an Agreement with Kiddicorp
Investments Ltd. and the Corporation of the former Town of Newcastle, now the
Municipality of Clarington, for the development of Plan of Subdivision 18T-91013,
(now Plan 40M-1741)
The Council of 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 Corporation's seal,
an Agreement between Kiddicorp Investments Ltd.
2. THAT the Mayor and Clerk are hereby authorized to accept, on behalf of the
Municipality, the said conveyances of lands required pursuant to the aforesaid
Agreement.
BY-LAW read a first time this 13TH day of July ' 1998
BY-LAW read a second time this 13TH day of July 1998.
BY-LAW read a third time and finally passed this 13T" day of July 1998.,
C
1VOIR (ACTING)
CLERK
RELEASE
THIS INDENTURE made (in triplicate) this 13thday of JULY / 1998.
BETWEEN:
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON,
hereinafter called the "Corporation" OF THE FIRST PART
- and -
KIDDICORP INVESTMENTS LTD.
hereinafter called the "Owner" OF THE SECOND PART
WHEREAS the Owner entered into a Subdivision Agreement with the Corporation dated the
28th day of June, 1993 and registered in the Registry Office for the Land Titles Division of
Newcastle (No. 10) on the 10th day of November, 1993 as Instrument No. LT656136 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 same 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. 1672, 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.
l
YOR ACTI G)
CLERK
DESCRIPTION
SCHEDULE "A"
ALL AND SINGULAR that certain parcel or tract of land and premises situate, lying and being
in the Municipality of Clarington, in the Regional Municipality of Durham and Province of
Ontario, and being composed of parcels
Plan 40M-1741
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