HomeMy WebLinkAbout00 121 Amended by No. 00-138
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THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2000 -121
A BYLAW TO AUTHORIZE THE PURCHASE OF THE KINCARDINE
DO-IT CENTRE BUILDING FROM 825843 ONTARIO LTD.
WHEREAS The Corporation of the Municipality of Kincardine in accordance with
the Municipal Act. Chap. M.45, Section 19(1) and 825843 Ontario Ltd. have
entered into an agreement of Purchase and Sale for the purchase of the
Kincardine Do-It Centre building at Highway #21 and Kincardine Ave., said lands
being composed of Part Lot 7, West Huron Road, RP 3R-4228, Part 3, being 1.1
acres fronting on the west side of Highway #21 at Kincardine Avenue,
Municipality of Kincardine, (formerly Town of Kincardine) County of Bruce.
AND WHEREAS the Council of the Corporation of the Municipality of Kincardine,
deems it expedient to purchase this building for municipal purposes;
NOW THEREFORE the Council for The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. The mayor and clerk are hereby authorized to execute an Agreement of
Purchase and Sale and to execute such documents as they may deem
advisable to purchase the building from 825843 Ontario Ltd.
2.
The purchase price for the said lands shall be two hundred and thirty
thousand dollars ($230,000.00) GST included and a matching charitable
tax receipt.
The Agreement of Purchase and Sale shall form Schedule "A" to this by-
law. .
3.
4. The Municipality agrees to pay its agent, Mike Palmer of Royal LePage
Exchange Realty Co., a 4% commission on the sale.
5. This by-law shall come into full force and effect upon its final passage.
6. This by-law may be cited as the "Do-It Centre Purchase By-law".
READ a FIRST and SECOND time this 13th day of September, 2000.
READ a THIRD time and FINALLY PASSED this 11th day of October, 2000.
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