HomeMy WebLinkAbout23 194 874697 Ontario Ltd. Agreement of Purchase and Sale By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
KBT
01Y OF
BY-LAW
NO. 2023- 194
Being a By-law to Authorize an Agreement of Purchase and Sale
with 874697 Ontario Ltd.
Whereas sections 8 and 9 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provide that the powers of a municipality under this or any other Act shall
be interpreted broadly so as to confer broad authority on the municipality to enable
the municipality to govern its affairs as it considers appropriate and to enhance the
municipality's ability to respond to municipal issues and has the capacity, rights,
powers and privileges of a natural person for the purpose of exercising its authority
under this or any other Act; and
Whereas the Municipal Act, 2001, S.O. 2001, Chapter 25 authorizes Council to
enter into Agreements and acquire land; and
Whereas 874697 Ontario Ltd. owns the property being Part of Lot 1, Plan 157,
designated as Part 1 on Reference Plan 3R10795 (Tiverton), Municipality of
Kincardine, Part of PIN 33287-0254(LT), for municipal purposes; and
Whereas The Corporation of the Municipality of Kincardine wishes to purchase the
property; now therefore be it
Resolved that the Council of The Corporation of the Municipality of Kincardine
enacts as follows:
1. That the Council of the Corporation of the Municipality of Kincardine hereby
authorizes the acquisition of land described as Part of Lot 1, Plan 157,
designated as Part 1 on Reference Plan 3R10795 (Tiverton), Municipality of
Kincardine being Part of PIN 33287-0254(LT)
2. That the Council of The Corporation of the Municipality of Kincardine
authorizes the Agreement of Purchase and Sale with 874697 Ontario Ltd.
dated 14th day of November, 2023.
3. That the Mayor and Clerk be authorized to sign and execute, on behalf of
The Corporation of the Municipality of Kincardine, the Agreement of
Purchase and Sale with 874697 Ontario Ltd. and all other documents to be
executed and delivered by The Corporation of the Municipality of Kincardine
in connection therewith, and any other documents as required to fulfill the
intent of this By-law.
4. That this By-law shall come into full force and effect upon its final passage.
5. That this By-law may be cited as the "874697 Ontario Ltd. Agreement of
Purchase and Sale By-law".
Read a First and Second Time this 22"d day of November, 2023.
Read a Third Time and Finally Passed this 22"d day of November, 2023.
Kenneth Craig IIIIIIIIIIIIIIIIIII lull""'' Jennifer Lawrielllllllllllllllllll
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Mayor Clerk