HomeMy WebLinkAboutKIN 92 035 Samdoon Holdings Pk
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THE CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW
BY-LAW NO. 1992-35
A BY-LAW TO AUTHORIZE THE SIGNING OF AN AGREEMENT WITH SAMDOON
HOLDINGS INC. CONCERNING PARKING FACILITIES IN THE TOWN OF
KINCARDINE.
WHEREAS the council for The Corporation of the
Town of Kincardine deems it advisable to enter into an
agreement with Samdoon HOldings Inc.
NOW THEREFORE the Council for The Corporation of the Town
of Kincardine ENACTS as follows:
That The Corporation of the Town of Kincardine
an agreement with Samdoon Holdings Inc.
parking facilities.
2. That the mayor and clerk be authorized to sign, on behalf
of The corporation of the Town of Kincardine, the
agreement with Samdoon Holdings Inc. which is attached
to this by-law and to affix the Town's Corporate seal as
and when required.
1.
enter into
concerning
3. This by-law shall come into full force and effect upon
its final passage.
4. This by-law may be cited as the "Samdoon Holdings Inc.
Payment in Lieu of Parking By-law".
READ a FIRST and SECOND time this 7th day of May, 1992.
READ a THIRD time and FINALLY PASSED this 4th day of June,
1992.
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Deputy Clerk
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SŒEDULE "B"
This AGREEMENT made this 4th day of June, 1992.
BETWEEN:
'!'HE CORPORATION OF THE TOWN OF KINCARDINE
hereinafter called the "Town"
of the First Part,
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SAMDOON HOLDINGS INC.
hereinafter called the "owner"
of the Second Part.
WHEREAS the lands described in Schedule "A" are registered
in the name of Sarndoon Holdings Inc.;
AND WHEREAS as a condition precedent to the Town approving
a site Plan and the issuing of a building permit, an
agreement regarding parking facilities as required;
NOW THEREFORE THIS AGREEMENT WITNESSETH THAT in
consideration of approval of the plans for the development
on subject parcel of land by the Town and sum of ONE
($1.00) DOLLAR, the receipt of which is hereby admitted,
the owner for himself and for all successors in title,
BERBBY AGREES with the Town as follows:
1. The owner shall pay to the Town the sum of Seven
Thousand Five Hundred Dollars ($7,500) in
consideration of the Town granting a reduction of five
(5) parking spaces on the land referred to in Schedule
"A" attached hereto. The basis on which the payment
of Seven Thousand Five Hundred Dollars ($7,500) has
been calculated is set out in Schedule "B" attached
hereto.
2. The word "owner" and the words "he" or "his" where
used in this Agreement and in addition to its accepted
meaning, shall mean and include an individual, an
associate, a partnership or incorporated company
whenever the singular is used herein it shall be
construed as including the plural, and whenever the
masculine is used herein it shall be construed as
including the feminine.
3. This Agreement shall enure to the benefit of and be
binding upon the parties hereto and their respective
successors and assigns.
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Page 2
Samdoon Inc.,
Parking Agreement
IN WITNESS WHEREOF the Town has hereto affixed its
corporate seal attested by the hands of its mayor and clerk
this 4th day of June, 1992. The owner has hereunto set
their hands and seals this !:i::1:!!.. day of Jt..UI~ ,1991.
SIGNED, SEALED AND DELIVERED
in the presence of
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) '!'HE CORPORATION OF THE TOWN
) OF KINCARDINE
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SCHEDULE 'A'
ALL AND SINGULAR that certain parcel or tract of land and
premises, situate, lying and being in the Town of
Kincardine, County of Bruce, Province of Ontario and
composed of part of Lots 13 and 14, South Side of Broadway,
Plan 4, in the said Town of Kincardine.
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SCHEDULE 'B'
In 1989 the Town of Kincardine's staff calculated the cost
of purchasing and developing a parking lot complete with an
asphalt surface, storm drainage and street light to be
$3,500 per lot. Council established a lesser rate of
$1,500 per lot for any business in the C1 zoned area of the
Town in 1991.
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SCHEDULE 'A'
SCHEDULE FOR DESCRIPTION
DESCRIPTIoø ALL AND SINGULAR that certain parcel or tract
of land and premises, situate, lying and being in the Town
of Kincardine, in the County of Bruce and being composed of
those parts of Lots 13 and 14 on the south side of Broadway
street, in that part of the said Town of Kincardine
formerly known as williamsburgh, Plan 4, more particularly
described as follows:
COMMENCING at a point in the Northerly limit of said Lot 14
distant 48 feet measured Westerly thereon from the
Northeast angle;
THENCE Westerly along the Northerly limit of said Lots 13
and 14 to the Northwest angle of said Lot 13;
THENCE Southerly along the Westerly limit of said Lot 13
which is also the Eastside of Queen street a distance of
49.5 feet;
THENCE Easterly parallel with the Northerly
Lots 13 and 14 to a point distance 48
Westerly from the Easterly limit of said Lot
limit of said
feet measured
14;
THENCE Northerly and parallel with the Easterly limit of
said Lot 14 a distance of 49.5 feet more or less to the
place of beginning.
As described in instrument number 250780.
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