HomeMy WebLinkAbout73-47THE CORPORATION OF THE TOWN OF BOWMANVILLE
BY -LAW NUMBER 73 -47
Being a By -law to authorize the sale of lands
to Tru -Wall Concrete Forming Limited for the
establishment of industry.
WHEREAS by a By -Law No. 68 -43 passed by a vote in excess
of three - fourths of all the members of the Council of the Corp-
oration of the Town of Bowmanville, on the 4th day of November,
1968, The Corporation of the Town of Bowmanville did authorize
the purchase of certain lands in original Township Lots Numbered
9 & 10 in the Broken Front Concession for the establishment of
industry.
AND WHEREAS the Corporation of the Town of Bowmanville
has agreed to sell a certain parcel of the said lands, more
particularly described in Schedule "A" attached hereto, to
Tru -Wall Concrete Forming Limited for the establishment and
carrying on of industry.
NOW THEREFORE the Council of the Corporation of the
Town of Bowmanville, pursuant to the Municipal Act, R.S.O., 1970
Chapter 284, Section 354(1), Paragraph 50, HEREBY ENACTS as
follows:
1. That the Corporation of the Town of Bowmanville
do sell and convey to Tru -Wall Concrete Forming Limited, for
the establishment of industry, 7.722 acres of land being part
of original Township Lot 10, in the Broken Front Concession as
more particularly described on Schedule "A" attached hereto and
shown in heavy outline on a copy of Reference Plan made by
M.D. Brown attached hereto and marked as Schedule "B ".
2. That the purchase price shall be $42,000.00.
3. That the conveyance to Tru -Wall Concrete Forming
Limited shall contain a restrictive covenant to the effect that it
shall construct a building suitable to the carrying on of its
business operation on the said lands within one year from the
completion of the transaction and registration of the deed;
Provided that its failure to construct the said building within
the specified time shall result in the said lands reverting to
the Town of Bowmanville and becoming the property of the Town
of Bowmanville upon the Town paying to Tru -Wall Concrete Forming
Limited, the purchase price paid for the said lands less 10 of
the said purchase price and the cost of obtaining the re- conveyance;
And Further provided that Tru -Wall Concrete Forming Limited,
will agree to execute a re- conveyance of the said lands in.the
event of its failure to construct the said building and upon
repayment of the purchase price as aforesaid; And Further provided
that an acknowledgment confirming that the said building has been
2 -
constructed signed by the Mayor and the Clerk of the Town or
its successor municipality, the Town of Newcastle with the
Corporate Seal of the Mulicipality attached, shall be good
and sufficient evidence that the above covenants and
restrictions have been complied with and that the title of
Tru -wall Concrete Forming Limited, is absolute.
4. That the Mayor and the Clerk be and are hereby
authorized to execute the said Agreement of Purchase and Sale
and a conveyance of the said lands and impress the Corporate
Seal thereto and to execute any other documents necema.ry to
complete this transaction.
READ a first and second time this 7th day of August., 1973.
READ a third time and finally passed this 7th day of
August , 1973.
Mayor
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Clerk
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PART
CONCMION
TOWN LOT
PLAN
AREA (Acres)
TOWNSHP LOT
Part of Lots 7,15 and 16, Block P Part
of Block 0° Part of a Laneway in Block "V
I
Part of ,John and George Streets, At I of
7 722
10
Lots I to 6 hcl and 9 to 14 incl. Part of
unsubdivided Township Lot 10.
2
Part 'of Fqp � and George Streets, Part
of Block N. Part ofunsubdivided
1487
10'
Township Lot 10,
SMART
ESTATE
BROKEN FRONT
Part of Fourth Street. Part of Lots Band
3
16. Part of a Laneway: Al I of Lots 10 and
17 at in Block uK ".
1,366
9 and 10
4
Part of Block N . Part of George Street.
Part of unsubdivided Township Lot 10,
0,261
10
Part of Lots 6,7, 9,14,15 and 16. of
5
Lot 8. Part of a Loneway. A11 in Block
K:
1.104
9and 10