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AGREE~illi?r made (in duplicate) this
day
of ,Tuly, 1969.
.!3Err1~-:'¡J~~EN :
'l'HE CORPORATION OF THE 'I'm-iN OF KINCAH.DTI\Œ
--
Hereinafter called the "Tow ",
OF THE FIRST PART¡
and
THE CORPORATION OF THE TO'íJN HIP OF KINCARDINE
Hereinafter called the "Tow shi!._",
OF THE SECOND PART.
WHEREAS the Tmm and the Tovmship d sire 'to establish
a landing ground for aircraft on lands loca'ced in the Township of
Kincarà. ine i
AnD \ŒEREAS the '.ro"m and the TO\;lnsh' pare prepa:ced
t.o co-operate on the basis of sharing both cap' tal <Uld
maint.enance costs of said landing ground for a' rcraft¡
AND BHERE~~ both Municipalities are authorized
undej: Section 377 (9) of the Municipal Act of ntar io to
en;~ct By-laws for the establishing, operating I maintaining
and improving or for granting aid to the estab.ishment, operation,
ma,in'tenance and :1.mprovement of air harbours or landing grounds;
NOH THEREPORB THIS AGREEMENT \)ITNES ETH that in
cou2.iideration of ot.her valuable consideration nd in consideration
of the premises and of the mutual covenants hQ ein contained,
'I::1'1e Parties hereby mutually covenant, promise nd agree, each
with the other, as follows:
"
-Í'41
The ',Pawn and the Tm\lnship agree to enter into an
Agreement with Harold and Alfred Hartwick for the ,~)urchase of
thiJ:ty (30) acres of land described as part of Lot 27" Concession "A" I
in the 'rO'i¡Jrlship of I-Zincardine a·t a purchase
($10,000.00) Dollars fo;:the :smr?ose of es'!:cabl ishing thereon a
Ten '.l'housand
landing ground for aircraft and the '1'own agre s tQ pay six Thousanà,
Six Hundred and Sixty-six Dollars and Sixt~.--s ven Cents (:;,:0,666.67)
- 2 -
and the Township agrees to pay the sum of Thre Thousand, Three
Hundred and Thirty-three Dollars and Thirty-th ee cents ($3,333.33)
in consideration for the said purchase. The d required on the
execution of the said Agreement of Purchase an Sale shall be paid
two-thirds (2/3) by the Town and one-third (1/ ) by the Township
and on completion of the transaction of purcha e, title shall
be conveyed to the Town and the Township as, te ants in common
as to a two-thirds (2/3) interest to the Town nd a one-third
(1/3) interest to the Township.
2. It is understood and agreed t at all further capital
costs, maintenance costs, and all expenditures in connection with
the establishing of a landing ground for aircr ft, which are
agreed upon or incurred in connection with the operation of the
landing ground shall be shared on the basis of the Town paying
two-thirds (2/3) thereof and the Township payi gone-third (1/3)
thereof, provided, however that the Township s
to pay in excess of the said Three Thousand,
not be required
Hundred and
Thirty-three ($3,333.33) Dollars in the year 1
3. In the event that a dispute between the
Town and the Township in respect to the interp etation or
implementation of any of the terms of this Agr ement, the dispute
shall be determined by the award and determina ion of the Ontario
Municipal Board or other authorized Authority nd the cost thereof
shall be shared equally by the Parties hereto 'rrespective of the
outcome of the said award and determination an notwithstanding
any award of costs as may be made by the Onta io Municipal Board
or other authorized Authority pursuant to its powers in that regard.
4. This Agreement shall enure t the benefit of and
be binding upon the Parties hereto, their res ective successors
and assigns.
- 3 -
IN HIT NESS \'IHEREOF the said
Per:
Mayo
have
hereunto affixed their corporate seals
of
their proper officers duly authorized in that
THE CORPORATION
KINCARDINE
I?er:
,lerk
I?er:
Clerk
E Ta<iNSHII? OF
THE CORPORATION OF
KINCARDINE
Per:
Reeve
,I(.....-