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Home My WebLink AboutKIN 72 2234 Ont. Housing Corp. · --, 'tD COaroU.'lI01 01' 'tD 'fOIl OF I:DC BI..tø 110. 2234. A BI-LØ COIØÞQIDB OI'lARIO IOI8IIG CO ... .ftix ~ Ce~..._ Sed .t _lie 't n. Ce.,.ra_i...,~_ I... .t na.rtia. aAC .. t.ll_.: 1. n. .,..1' aM Clark ~ )a.reby ..tllel'1 .t UaeaÑia. to. t.U ~...~. "t.. tile 2ft. u,. .t April, 1972, _we. ~.. C........·U.. .t t,.. 't....t iaariia.... 0._1'1. hUIItc ee.,...t.1... 0.,1.. .t _à1û .re .t,..... .Ii....... s..... FIIS'l........ 'l'IIID ~a. ... tiaaU ,..... '... 28Ua 111&7 .t_..11. 1972. , - ,""-~:...~'.~'-'-~ -.....' ""«..- -" :::-".-,,,, '-~..... ~...~\........ - '" ,..-/- : :""< ':::-- '..-: : - -- :: .::..- .::;, '"-' ...:¿... ..-.. ~ -, ' ..,?" -, .....- .:"" "~?-:;>:'=~~-}~~'- ~"5J~ :\ . "--:-'~<t~_,:.~~,:~~:: < ,(:.~ '~d ~, .^ '"I :. '-'~\;""- . ~""> t~~, :,\;{:" ,"¡ " <'.,w '.~ ~ 1n dqpl1catethis 4..~f t Pro t iIq..t~i'dinefi-2 '. to' - ".'II.U. '1 ':." .~, ,~'. . . ,'.. A9t'e ...n"..s. ~,...!f¡. 'Lac¡¡,··:· :1r'i'~-~·'··'_f.-,,· ~~ '<,,: , · ;___",-$";' -.'-" ./", . I \1 '~. , i\ '1 ' J'.-icmW) or TIIZ f' "'1' PAZ' , · ~ r -<.. . .:~ 0"" ,. ... aIId - .r .j5: .~~ fA_" : ~i _ . . ,~- '- . '-\~~'~5f~;;~¡i[ · ~ ;., - -, '.' '. .;" , '. '-v1'" - '~',,-;''1' ~._. ) . . ;'-J< -;tV :~.: orfJIB" " .' " 'f;~~~t:.f" . . ' ,>' bf ~""<qt the p&"OVU.t.øø of The. , ~h19 , ',~f ODUrl0"u.. t.r _y~"e .~ _~...... St._tell ,of Oftl.Ø'iA, . .~ ;-:--~-':". "\:' .-. - . _.~'-?::-" ,~~,-~.~- ;'..' ¡ ,>Jllr~ ~~ corporation M}' e. v"> . 't-- ;~~;~~-"j:~-;'~~- , ~"---' :.--. - '. . ; - - .~ ....".. aHi~~~_' ....lClllJfftt .01, ' . --,." '- . .. -', fl* ""~~.i*4on and/or cot1. " ·:t.-i{f¡{'·: --, _ -,. _ ,. . foe "'~~. fOJ:. ·...tJ . ... ·····;,W;,·,· \",,~ 'j ~'-.< .Aot;. , . i' ~:' - ~ - '", , ,~ ... t:Iae cørporatlpn ·.<t / :-,' ..~ . _..,.~,. tII..~o1»-1ityh" requeated ,\!,' ...,'to,.,:.,t-,,;'o.perate and 'lIAfta,e howsi ,_' _, _ ii\. .:~. " _ - - - ,-' ,v~i~:ï~1~.tiì1J 16. . <f.1-Y.-....... ~..... ..__~,~___'-;{\¡>;_ ~, - - ",~: 'f;" c·-·. . _ .". ,j~iI.'~ .11:b1.·..;~P.Uty, u: -ð,tioo :~ I' il19 unl,þon ',,' .'.;,-.- ~~%:;;.;,' - ",~-. ;-. day ,A,..'~ , .~f~'lt~~ tbe;' :1:f:,Â " '»;{,~" .~_",.,." ... .Jem.icipa1ity has on the ,"0',,"-' .,~<~ - ~·\~i;:~i~.:} - -. .'~ · , , P'..iII!I'_~~ Ro. 22)4. . ,'.. , '!. ;....-. " . ~ , > f- '. ..', \ '-~1 ot~. ~,'<'.. ;j ,.''ìí ;i " , >,rn"" ,~ ~] . 1 I ProeCt ~. ~~ncard~ OØ-3 28 S.C.U. .,,' . eo. to ~ _ ..', (' .......L ~ ¡ _ _~_ -'"-.~__~ S~IOR CITIZEN UNI S IIIIde in duplicate thia ....Of, ' . . .".:""..",,;,,;'>'!i . \. 'i"~ ,i~:-~ ;.;.,,,' ~;.' OF TIIB· . ,U-ø!') ,Mft -and- 'l'HE CORPOltA'1'IOR or 'I'D y.) Of' '1'HB , - "'" ~JW by vir_eof the ~oviaiona of The 01\...10 ~Lng ,,~vUè4 ~a'fOIH' J.t:l ' '~....r.tion Act.r Sta_t.. of Ontario, r _ and'1'he , , 1!t7Jl io. -.. .r ,,""'i1'9 Develop.ent Act, Reviaed St.,atutea of 011 ¢UPt8r ~ JMC I1MOC. the Corporation IllaY en r..pectift9 the acquisition and d.velopment of 1 n4 for hOu.ing ¡NÇOII.. and for tbe acq\aidtion and/or ~~~~tion foe ..le or for rent; 'into agreements i AMDWBERBAS the MUDicipality has requested and the Corporation has ac¡r.ed to provide, operate and manage housi 9 HCOnIIOdation of ~r.tely 28 , ...'_f1senior citizen ousing units on ".. situte withiDtbe Municipality; AMD WHEREAS the Municipality has on the 20 day of April .~Q. 19 , pa..ed By-law No. 223lta~orhing th&. t "~," ,. - page 2 - of ~,~.ement ~.. .1fQBaBAS to..d.t in the provision. 0 '.... d".,.,.,'.......d ~.1\$ acc~.tion. the t-"~·t'-,-·,·, .. .... ':,.. . ....:t<:~:" . - _.n.,_. '~, D.J.~i.UQDS "i.tJ:I¢_tra~ :·Iortgage ~ lIoQS n9;~.,ipn ,,;~~ae ofåb~.tain9' a loan and annud"icHm um.:er ", ,'" ;4:;;'pr~i!)na of p~ VI of '!'be R.Ucmal HoQSi .-t;. 1~1)1.. a::¡ ':-- :,·--,~c~.-);<_-;f.o'> ",>v "{::e,' '--~- ~;t"··:~. p..ø"" ,. '>'t~::;;:'/~~ &JK1'II'''inten~' :h;¡-,':;<'::;:}~ - -' ;,:'/~,~s;>;,J;~ , ·A'.,;';~<~,~ 'r.Lon"hu ~ntørc.-<~. - .. .... '. . ·";i.-> ;': AtlÐLJlUBJIBAS to flu'ther U"'.t in the ,-.in n...1td ~ration ~Ifthe;~ housing ~~,c'WIr.4at.ioD. thellLuU:f:j.~ tl'.J1Pagr$!d "" '\1OOOIItdbute =-aid ,tM ~ti,R9 coau tJaepof '~f¡.-·,;·:·",,- .."., . ¡-;,;.--......,-.,.. :; ):. ,~¡, ' . ' ~~. ~~'_r ..lb." Wl"AUilSft'II · .... II. Jof the :1 ·./I.~·· '. . ,...:',--! '" ,jy,¡ ...~ '.':.\10 on 1'.!,~~OftbeNelvea aDd theJ.r_þeot;i". . .:' 0.. ..c,,;·.:'.... -". . . . ','> .... :.,:.':',,:- ":,.l'.!~J"'.. '('[' ..".....;t.'1.n __idention of the J'8IÙ¡....... of " ",;::" .'-,; t;~:;- ::- ." .....',.!{::~-;::.?',:-,~, ' , . , thtwi._....i1 . CC)V8U~ ~inafter contained. covet _ agree. .¡IjJj.~.th. OiIher.,Û>tollOlÎ8: --';T::.-"'f'-·:\,-:-"-·· .: '-,' ~:,' -'.. ,'..," .-':i>\'.' :: -. ~.~,~:' r01"· ~he pupoe.'.ft}¡ia ~e8ØIent: <4l,·GI:O*. ~.!"_ans the renul, re.~ tw ,,~e eorporaUc:!'ftin the operAUQia oft .....i.Î19 acc ere lIaüon project in eaeh ca"-endar ... ·ØPeI:~~aesW -.ana the total', 'Hi) __'" paid by the Cdrpontion C~.l l-lQrt9Age ~> , aa4 Boaa.þfCOrporation for pd~cipAl inte..est in repayment 0' .on10. loaned to the Co A~for the provision of the &bOW reei ted h01lll (ii) AIIOUfttapaidbytbe CorporaUon of ontçio i'ftrepayment of monies ad for the provision of the aaid hOQS1ng .Q t1øn,' incl,*,ing inter..t Qn a~ch advaþCes at the rate f8-112 , ' ,~ , l': , L -, '-,' UQUII. ~.~ .~: ~, -; - Page 3 - , ;< ;- (1ii) ~~ paid in an.r calendar to the JIUD1cipal1ty as c¡rants 1nlieu connect1oa with the hou8inc¡ accOIIIØioda the proviøiÒn3 of clause 3 foll~ing. (iv) Pire 1uuance.premiums, if any provisioD'for are..~ fw¡d ..t up place thereof. by the Corporation .~ . -l in to -f' " (v) Liabllity i...._ce Pl:'~.. (vi » .AllDWau.~id for labODX' '.... ,.. includinÇ! , but wi~t l1aitilì9 1;be geÞera~ity Q for....,oing, ""9". .~.... ~'s .UiI other frinc;c .·f; ,,1.: ~ ;,.,...'1ta. , :. l::-; .,;~, " (ft;i) ~Jn.... paid for equi~t. . ,~'~:;~6J;i:',J : '¡*~'~::'>i' :_":'-; ...... '; .'. '-:".'" .-: , . '. '.. . ':,;:., t;"" ',,,,"".... 1a UþL.,ift9.uifttain1n9. MIWI9 .~:' ,"''''the ~I'.~:"Q( odeUon. , (viii) '1J;NatiS paid by the COrporaUo .nt by ~""ta, ,- , aWl llllainbtratin<.; . without reimburs.- anð w.ter. , ';i (ix) ·S.",r' i.. a. may be avr f~ ta.tIO'\!M between the Corpora MDnicipalit1· to in writinç " CO. "'O»uau-_-.ana the IUllCilant by ioh tÞ.e operatin~ upenøe..IIIB" the 9r08s r.venue for the project in , a ca1nclar ~.iII:. (4) -~at;J.M' Pt~- .ana the UIOQÐt b Which the gross revenue -8184. the operating expenn fOJ: the projp.ct in a aal..saryear. 2.. ~," èorpol'aUon agree. to provide, operate and 1114!nta1n · 1 . ~.(._OJ: citi....bousinc¡ aoOOlllllOdation on ~t.y ducz'ibed in Scbedule "A" umeød ato.whioh, wlMDc..let:eð. wUl ~d.. approxÙI&tely houIIinCJ units. :r"btIHuaicipality wiil, be undC no obl1c¡ation or l1abUity to COII.tribuf¡e to the capital cost of the said, hous nc¡ aocOlilll\odation, " " < c,¡ " .,;;; ',' ".' ~r;;$·~'::' ,,,.,.,,,.;.... :," f: ¡¡.;r;-"',:,,'T/,t. _,"<,. :,>'~ -i' >, e..~:-p~ 4 .,,\Ji.p:," ...~t;f:·;.;,(,'\:,[· ,....'. ' ' ,.~,i~;~,~~.~;,I!Ir;í:.'..."""-.t~JlÎifi..~a-.to.,the '. ',co '. ,'" ..t.', ~~ '., '.... , .....u..Þ.nto further a that' the ~/-:: .. ..~. ~l ~¡_ enti.tleð to receive 01' abUe ia~y .. ":'.;: ,.';iyotlbu iD"'~ts fZ'!a ,tbepl:O,ect. ;;"~,!i,,:..;;~t,~- " "..'. :";i:~~ U .IØ'U _"eeJ,t.M~U ~ø,.the l1IaMer ..t . - -,-.' '- .t.f.n9p:rofi 1:.s 1.#lc;1..... 4. , .;1" ; ,.,' _ CHpaí¢.tJ.0iD sha;);l ... t:othe ~t. .-_tia,.U.u .of u.... oþ tl\~ pn "Uty . 7.~ .. of. " Tiunt ,>e:¡piPlut to fal1J1OÞ&1 taxe.. f"1JIÌY ye ",',~ of tbU qr.e.ent. Pa3fll¡ellt.a.,U ..... the ....:,~ _ t~i" fall DOmal t... ,WOII ., be-pa44, ~!!I.t that DO.~_nt in u._ of t... ,. Uk ,..de in "-"< ,~J!=t of tile ~ pdOl: to the cœpleU' aIId 1Ditial ~ of"''':~ldift9. Itny refunc1 K ' ~eÞolr. ..~' be 1a tbe,~ofa Z'ec1action of tirf1i.ft of , iD t:IMt þIII'!,.''''ll8nt to the cal__ year in ;I'deh ~~...... .....' " ()":») Sub,ect to .~. provisions of ,'I'M ~,~.7.þt '.ct .< "':',"_ ;.... .... _' ·C.' _ -:.:c:'f__<.. ,,,.;,r: '. ",' .-:- ','..... ,'.... . " .,:--. :~:¡!'~~th. repl.OA;Ji,,- of..rvicea, tþ.tfUi~~-t.Y av...es "\"\',:',,~, ' '," " ,', " ,,:' }fC$'~;'~t.- -.nicds-a..,·~·, raéUor cbar,.. ,clt:>;{'S i~',~~,:'"'"'' ·9.tu~' .'t,Iaø lU4a of tbtac~a ';;;$':11/\;;/ ",~":þ~"Iiou.t.D9 &C1:Ir,. HI.Uon ~o'e¢ so 10D9 , ":~,:. :"'\ ,i ",:'::' ,~':~"; ,." '1:, ' "", . .',i~(~;:i~;, ;, ~ .~pØl:4J.Uoa." no papent in U.eu the&' (, .hall be iliad. "':'," ,;,ui.'.Ot:-of _,~1od .pd_ to the øøc " ,,\.,' , " , ,~' '" "', '.' ' ", ' , :;r.'; , ' ' building at' ~otbuUdiD9' a.afOl'elllent. .oned. 11 be levied or 1n""'pðert. of , it 1- Qltmad ~1 ~ of each C~) '1'Þe JIIIIOiCliØJ~ agr~ that no lllUAiò .-1 taIC.s, r"!,\t+,' --= c:hu'prI-~~ ~:uc~in9 bøsil'eS .-~,...poll '" . ' ,;:, /'" t".d09 ·~__~P,~."r ... qrhydrO ra~ ) .lUlll be :":':;'"'~'>::'~':' ",:: ,,/:"'c,: ',' ::"':",', "",' " ," " , ' , ,:" " ");~",,:,l"~:'fOZ'~;to "tenants>orocøçaa of ,the housing .,. ..'n'....uon.~~:,,~1~..t.Ia. p~'f!O~.' 80" . ",,' "",:>.':'"::',, ". _....iI__Q..;~Ìl1:ion. ""'" -.' , '"," -,-.' -' ""," ". .s such units ';~~~¡;; ~ >;,):i. ~-,-' -. ",¡,\:~{Z':,~ i:'f>-- :'~;,:;."",:'j-, ::__7:f¿;~___.:·> .,.".,'",. . ¿~i;'~J~~:::'~'·..;i <,"':: >_; :" _,:' ,:::/~:-~ ::'<f'" "'1,5"" "f- " ,:'.:" . ' '., .' 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