HomeMy WebLinkAboutKIN 89 123 Prchs Land-Lye/Smith
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THE CORPORATION OF THE TOWN OF KINCARDINE
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BY-LAW
BY-LAW NO. 1989 - 123
PURCHASE LAND FROM LYE & SMITH BY-LAW
WHEREAS the Council for The Corporation of the Town of Kincardine
intends to purchase the land herein after described.
NOW THEREFORE the Council of The Corporation of the Town of
Kincardine ENACTS as follows:
1. The Agreement of Purchase and Sale, a copy of which is
attached hereto as Schedule "A", is hereby confirmed.
2. The mayor and clerk are hereby authorized the execute such
other documents as they may deem advisable to fulfill the said
Agreement of Purchase and Sale.
3. The lands referred to consist of Part of Lots 10 and 11, South
side of Broadway, Plan 4 in the Town of Kincardine in the
County of Bruce.
4. The purchase price of the said land shall be Sixty Thousand
($60,000.00) Dollars.
5. This By-law shall be known as the "Purchase Land from Lye &
Smith By-law".
d SECOND time this 7th day of December, 1989.
READ a and
'~B)¡uj)d[))Jfi1
Mayor
st day of December,
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SCHEDULE "A"
OFFER TO PURCHASE
AGREEMENT OF PURCHASE AND SALE
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01............. .ll?w~\................. 01 .......... ..I.<.illc.A'r)}.ine............... (as PUrch~ having inspected Ihe Propeny hOtet>y agree 10 and wilh
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(aa V_~ I/Irau h .., .....':':~.. no. ...,...,.... ................ ....................... .............................. ......................... Agant I", Vandot
10 p..._ aI ancIlIn uIal\he promllao oIluaIa ...\he.....~.o."'!;þ... ......_ 01...... ..ß.rq.I;I.4.~~Y....................................................
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having IIonIaga 01 aaout .... .....3.9...£;;... ..... ..... ............. ..... '" _. by adoplh 01 aI>ouI . .....lb.8...f t.... .................... _. "'_.
_w....P·,,·~:.~~~Q~"N,1,t~....·¡·~;;wlo PWnlk No. ..·.lI.··..O~ql,l·t.,,~.$j,Q~;jQ;)~~('
Regi818f8dlntheLandRagiatlyO/ 0 . .....Q .. r~E;!~ 0... t<Y( ..a erton,.. n.tan.o">.f~2.i'P'¡;~- . '\
.. "'a price "'.....01 .........:. .... :...f..:...:.. b.i>.\\Ön'á... .Q.ïhJ;".e.:.... .... ........................... Dollars 1$..&.9.~8¡¡O.9O')
..tallows: ....... ...r~:v.~...f!!.m4.J;'.~.ø.... .. .......... .. ............... ......... Dollars ($... ....500..0.0.)
C8Ih '" œniliad chaqua 10 !he 001<1 Aganl i v.ndot on this cIaIe as a cIepooo 1lo be·haId In tnI8I pending completion '" othar larminaüon 01 this A¡ reemem. end 10 be credited
..._oI.....-_oncloaing.andcovanant.pomlHand_1o pay the balance of the purchase price
in cash or certified cheque subject to the usual adjustments to the solicitor
for the vendor on closing.
This offer is conditional to November
Corporation of the Town of Kincardine
purchase of this property.
3, 1989
passing
upon the
a by-law
Council for The
to authorize the
The Vendor represenÞ and werren.. that during the period of has occupancy of the Propeny and. to the best 01 his knowiedge, priot therlito. no buüding on the Property
haa been insulalad with UfOI ~ loom insulation. ThIa _'only _ _ complolion 01 lhi. Iransàclion.
All 100"''' _ remain with.... Propany. ....pr: Nil
and the lottowing _10. Ihe propeny 01 1110 VandOr. ahaIl be Included In this.... lor tho price abovo-mantionad: Nil
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This 011'" &hell be Irrevocablo by the Purch.... until.. .5.:.0. Q . P.M. on tha .... .~ . . . .. .. . day 01. , .0 e. l u b...r.. .. .. . .. . . Ie&. 9 . al181 which
time. " not aceep", thi8 0"81' ihIIl be null and 'IOId and &he deposit returned 10 the PurChalef -"llhout interest Of deduc1ion.
PROVIDED the lit.. Is good and 'ree lrom aU encumbrances, 8Keept as atOlÐsaki. and dxcepllocal rales and minor easemunts lor hydro. gé1:i, Ulltlphone or like servICes
to the Property; said .titre to be examined Þy Iha Purchaser at his own expense. and the PurchaSer not 10 call tor .he production 01 an)llitle deed. abstract 01 tille, survey,
proof or eVidence of title, other than those In VendOr'li posseSSion or unaer has cooÞOl: and provided the samtJ have been oomplíed with, the Purchaser 10 accept lhe Property
SUbjecllO Muntcipal requiremenlS. including building and zoning by-taws, mtnor easements as above-mentioned, and 10 restrictions and covenant$ that run with the land.
"The PurchðSef lO be alIO'twed..,. .f.if teen.. .., days 'rom Ule oale 01 acc.ep~ 01 this OUar 10 in'l8SI'9al€l too lille al his own tlXpon56, and j wittwn Ihalllme he
8haIIfumish the Vendor in writing with any valid oÞjøction to the tlUe. or II) any out~ MuRlCipal work orders or clelicieocy noticas aflecting the Properly. or non-œmpliance
Vtith zoning byolaws, or lhal th& present use of the Property may not be lawfull~ conanu8d, or thai. the buildi"QS on me Proper1y may not be insured a%lainslrisk 01 fire,
Which lhe VendOr shall be unable or unwilting to remove 01 correct, and which the Purchasel will not wail/tit, INs Agreement shall. nOlwÏlhslanding any mtermeoiate actS
or negoiíBlions, be null and void and the deposit money re1urnec:l10 the Purchat;er without interest or deduction, and the Vend« and the Agenl shatl not be liable for any
.... or __. Save as 10 any valid ob acIion so..... wi"""ouch _. ... _ _ bo conc:Iusively _10 have accapIed \he 1ide 011110 Vendot to ilia Properly.
The Vendor haraby consenlS 10 Iha municipality r.laaslng.:OIhaJ""';~ÃOI ~:u~. 109 Municipal WOrk¡¡;v-, dolicoency noücas aHeetlng Iho Propeny.
.. ment shall be completed on or before the ...., . .,..y..."., day of..,. . r... "',. 1s6.f~-;dale vacant pOSSS$SJOl1 01 lh",
10 10 be ~n 10 \he Purchasor unlBas OIharwlae provided I", haroln.
mpletion 01 Mle all buildings and Qquipment on 'he PropefI)f shalt be and remain at the ri:¡k of 'he Vandor until ctosing and the Vendor will hold aU policies 01 insurance
....... on lhe Propet'ty and the proceeds It.ereol in Irusllor the par1ies hereto, as their inl81N1S may appear. In lhe IIvenl 01 damage 10 the saK:I bUildings and equipment
before the comptelion of Ihis transaction, the Purchaser shall have the righl to elect to lake such proceedS and comP'ete the purchéiS8, or cancellhis Agreemtmt, whereupon
thø Purch8Mr II\aU be entitled to &he return. withoul inllrut or dedUCliOn, of all fnOI18y$ theretofore paid on accounl of IhiII purchase.
Urwlrned fire inautancø plltn'Uums.luel, taxll.lnler'st, rantlÛa ant.:i atllocal improwmdnls fmd water raUtS 10 bø proportioned and ..Uowod 10 Ihe d¡¡~ at campl&bOn ol.w&.
Transler/Deed 10 be prepared Bllhe expense 01 the Vendor in a lorm acceptable to tl1(, PUlcha&er's Solicitor, and iI a Charge/Mortgage-is 10 be given back, aame 10 be
prepared IlIlhe eapense of the Purchaier on a form acceptaÞht 10 the Vendor'. SohcitlJr.
The Tr80s'.r / Deed to be given 10 the Pl.lrchaser ahd conIiIin. .1Btement cornptetud b~ the Vendor and the Vendor's SoIici1or PI.Irsuant 10 Section 49(21a) 01 the Planning
Act. '983.
This Agreement shell be 0_..'0 Oreala an i1lorast i11ho.... properly only Illha applicablotand d,vision provisions 01 lha Planning Acta,. complied with. and lha Vanddt
8 reee. at his _, 10 comply with such provlsiona end 10 proceed diliganUy wllh IhO applicatlOll lor SUCh compliance.
Thø VendOr, on or before comp'øtion, will produce eviØunce that he Ï$ not now, aod upon cornpleUoi, will nul be. a "I1t,)n-re$,jent person" within the meaning and '01 the
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The A!!ìdavd 01 _nca and 01 Value 01 the Con&idara\lon __ad undar the Land Tr_ Tax Act ehall be propaled by ilia Purchas...
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.. lithe SQ9U88 01 U. Vendor has not ueçuaed Ihi8 AgreemenI, the Vendor repreeenea and warranl8 that the complelion of Ihls transaction will not eonlra"ene the proyãsion&
0I1he'1"IImiIy Law Act. 1888.
TIlle 0ItIIr, -1IIICI ItId, _ OIIflltllult . -.g __ aI purc/IaN and 1IIIe. and time in 011 r_tolhall be at \he ....... 01 INs Agreement.
his agrood that there to no __, warranly, cølalarol agreemanl '" C<lndllion a/lacting 'hio Agreamant '" "'. Propeny ot supponad hereby olhaf than .. eJI It888OtI
harM In writing.
Any...., at documonll at tnOntV htf.uncklf tnlV ø mad_ upon the Vandul or Pwolmør 01 UþC.In IIMt 80ItcikH ac.:UfI\l 10l111tl JIIUY on whom h:NldOlle daMil'H, and it
_ be .._ ..... . negoUOlllll OIr1Ifled cheqúe be _ad inlllaad 01 caah.
Each paI1y III 181' ilia coa1a 01 regialra\lon ancI laMe on hia own _
Thia Oftat and lIB __ 10 Þa reed with aI "'- 01 ~ '" ....- required by ilia _.
. at......... ..K;i.ß~~.~.Q;i.n ¡.,.. .o.n~Ad.Q...1hIe .. ~ ~~.~~. !;~~µ.t;þ. . day 01 ..... 9.ç,!;Q þ.e.J;'................ .19.~.~.
IN WITNESS WHEREOF.... .W~.......have _ eel ...Q!.J.J;'...hancI.S..and aaaI.
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Y)t ~ accept the ~ ~Ji"~ ilS~. apd COV8n8nt. promise and agree to BOd with the above-named Purch8ser to duly cany òUi tho same on the terms and
_ns _rnonti<>ned. ~~IIé.èì¡¡,_lhadaposi1 ot $... 5.00.,JO... ...... ....... . .._IfoJIPIXXXXx~_
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SIGNED. SEALED AND DEUV£RED
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The Spouse 01 the Vendor hefeby œtII8nta to the .... 01 the Property and 8Qf888 10 join in the conveyance thereof.
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DATED "T............. ..:r.~~()n.~.().....................1hIe ....... /tI.-:?!.. ..day 01 .......... .0.1:: ~( l>E!.r.... ...... .18. ~9.
IN WITNESS WH~.~u/A,.,..¿~1II eel .~".L;~..... 0-
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.. ..'~.laí<Ú ...~. .Stf~":(;C~f . .. ..â:1'~,...... (Allix Seal)
'Marian Margaret Ly&voOOot I
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jcihii 'Ly~5i>ou(fr1; v.iidcii····
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~.~;.;y acknowledge receipl at a oIgned copy ot IhIe IIIICI ItId Agreement 01 I heraby acknowladga receipt oIalilJ1ad copy 01 1his acœpled Agreement 01
Pur,.- and Sale. ,( ì Purchaea and Sale.
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SIGNED, SEALED AND DEUVEAED
In Iha pr_~lC901:
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Witness
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. TaIephone No. r¡.11.~.;¡4..<f-:.! .rPL.-,....... ... ... .... ...... ....
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707 Queen St.. Kincardine, Onto
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Talophonø No. .c~J 9. L~~.6~~M&... ...
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Pur......". Soliei'ot .... G:ra.h.éllIl.. E:.,.. .~a.h()()(L..............
313 Lambton St., Box 388
Kincardine Onto N2Z 2Y8
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