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HomeMy WebLinkAbout02 114 agree thompson sign '. - e e THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE BY-LAW NO. 2002 -114 BEING A BYLAW TO AUTHORIZE THE SIGNINiG OF AN AGREEMENT WITH KEN THOMPSON FOR THE PROVISION OF BILLBOARD SPACE WHEREAS the Council for The Corporation of the Municipality of Kincardine deems it advisable to enter into a Agreement with Ken Thompson for the provision of billboard space for a sign promoting the Municipality; NOW THEREFORE the Council for The Corporation of the Municipality of Kincardine ENACTS as follows: 1. The Corporation of the Municipality of Kincardine enter into an Agreement with Ken Thompson for the provision of billboard space for a sign, promoting the Municipality, on Thompson's property located in the Township of Huron-Kinloss, and more commonly known as Lot 35, Concession 5 (former Township of Huron) for a five year term computed from the 1st day of July 2001 and thenceforth ensuing to be fully completed and ended on the 30tft day of June 2006. 2. The Mayor and Clerk be authorized to sign, on behalf of The Corporation of the Municipality of Kincardine the Agreement with Ken Thompson attached to this by-law and to affix thereto the corporate seal as and when required. 3. That this By-law shall come into full force and effect upon its final passage. 4. This By-law may be cited as the "Thompson Sign Agreement, By-law". READ a FIRST, SECOND and THIRD time AND DEEMED TO BE PASSED this 7th day of August, 2002. ~----~ ~--·-::::~·k ------- --" r1 LU Clerk - .. - "~~ ... .- i . . I - This AGREEMENT made this ,'rI-- day of ell h~" ~\.,.. ,2002. BETWEEN: THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE Hereinafter called the "Municipality" of the First Part, -and- Ken Thompson Hereinafter called the "Thompson" of the Second Part. WHEREAS the Municipality wishes to advertise its presence using field signage; AND WHEREAS Thompson is willing to provide billboard space for a sign promoting the Municipality: NOW THEREFORE THIS AGREEMENT WITNESSETH THAT in consideration of the premises and mutual promises and covenants hereinafter contained, the parties hereby agree as follows: 1. The Municipality shall make use of a billboard type sign located on Thompson's property located in the Township of Huron-Kinloss, and more commonly known as Lot 35, Concession 5 (former Township of Huron). 2. The Municipality agrees to a five year term computed from the 1st da~ of July, 2001 and thenceforth ensuing to be fully completed and ended on the 30 day of June, 2006. The Municipality agrees to pay $500.00 per year plus G.S.T. Payment of $1,000.00 plus G.S.T. to be paid during September, 2002; further payments of $500.00 plus G.S.T. due on the 1st day of July, for the years: 2003, 2004, and 2005. 3. This Contract may be terminated within 90 days written notice by either party. 4. Thompson shall not obstruct the visibility of the sign. 5. Thompson shall maintain the area surrounding the sigh. 6. The Municipality shall be responsible for the sign's maintenance, upkeep, and M.T.a. permit(s), if required. 7. This Agreement shall ensure to the benefit of and be binding on the respective heirs, executors, administrators, successors and assigns of the parties hereto. .../2 , ~~ · · · · '. 1 Thompson Agreement Page 2 of 2 IN WITNESS WHEREOF the Municipality has hereto affixed its corporate seal attested by the hands of its mayor and clerk this ì'" day of G l>~t ,,~v ,2002 and Ken Thompson has hereunto set his hand this 6th day 0 August ,2002. SIGNED, SEALED AND DELIVERED in the presence of 1,Ùl ¿ ~ óIJ.-~ en Thorf!pson' / Date ,"-~- ~~ car: r - - L t""II ", Rosaline Graham, Clerk Der: F