HomeMy WebLinkAboutADMIN-36-95 CORPORATION OF THE MUNICIPALITY OF CLARINGTON
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REPORT
Meeting: COUNCIL File # ��� L
Date: DECEMBER 11 1995 Res. #
By-Law#
Report#: � F, .T 6
Subject:
CLARINGTON PLACE LIMITED - PURCHASE OF LANDS FROM THE
MUNICIPALITY AUTHORIZED BY COUNCIL' S APPROVAL OF
REPORT PD-58-95
Recommendations:
It is respectfully recommended that Council approve the following:
1 . That Report ADMIN. 36-95 be received;
2 . That subject to written concurrence of Clarington Place
Limited to an extension of the closing date being received by
the Municipality prior to December 29, 1995, the closing date
of the Agreement of Purchase and Sale between the Municipality
and Clarington Place Limited which was authorized by Council' s
approval of report PD-58-95 be extended to March 31, 1996,
with the other terms and conditions of the Agreement remaining
the same; and
3 . That Mr. Dennis Hefferon, Shibley Righton be advised of
Council' s decision.
REPORT:
At the meeting on September 25 1995, Council adopted the
recommendations contained in report ADMIN. 27-95 that the closing
date of September 30 1995 specified in the Agreement of Purchase
and Sale between the Municipality and Clarington Place Limited
which was authorized by Council' s approval of PD-58-95, should be
extended for ninety days . The other terms and conditions contained
in the Agreement were to remain the same .
The reason for the recommended extension was the delay which was
being experienced in finalizing the Order of the Ontario Municipal
Board respecting the rezoning of Clarington Place Limited' s lands
which adjoin the land which is the subject of the Agreement of j
Purchase and Sale. The issuance of the Order of the Ontario
Municipal Board is a condition of the Agreement .
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iHiS 6 P.MEDM RECYCLED PAPER
Mr. Dennis Hefferon advises me that the Order of the Ontario
Municipal Board has not been issued as yet but that he anticipates
that it will be issued in the near future. In these circumstances,
therefore, it would be prudent for the Municipality and Clarington
Place Limited to agree to extend the closing date to March 31 1996
with the other terms and conditions of the Agreement of Purchase
and Sale remaining the same.
Respectfully submitted,
444VI f-71
W. H. Stockwell,
Chief Administrative Officer
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