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HomeMy WebLinkAboutKIN 88 066 Sale/Land - Kholi . . THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW NO. 1988-66 BEING A BY-LAW TO SELL A PARCEL OF MUNICIPAL LAND DESCRIBED AS PART OF LOT 25 AND PART OF LOT 24, EAST SIDE OF PENETANGORE ROW, PLAN 61, IN THE TOWN OF KINCARDINE, COUNTY OF BRUCE WHEREAS Tehinder Kohli has submitted an Offer to Purchase for the land hereinafter described and outlined in red on Schedule "B" attached; NOW THEREFORE, the Council for The Corporation of the Town of Kincardine ENACTS as follows: 1. The mayor and clerk are hereby authorized to execute such documents as they may deem adviseable to convey such lands to Tehinder Kohli as it may direct in accordance with said Offer to Purchase attached as Schedule "A". 2. The lands referred to consist of Part of Lot 25 and Part of Lot 24, east side of Penetangore Row, Plan 61, in the Town of Kincardine, County of Bruce. READ a FIRST and SECOND time this 22nd day of September, 1988. ~~~ Mayor ~~¿ils READ a THIRD time and FINALLY PASSED this 6th day of October 1988. ~~¡/ìk " '..¥__.¥.':-~ + . '- - - !;- fB ONTARIO REAL ESTATE ASSOCIATION AGREEMENT OF PURCHASE AND SALE REALTOR (f) PURCHASER. ...... .TEJ.INDER. .KOHLI. ... .. v.~. ~~. ................... . offers 10 buy &om VENDOR. ..........TOWN.OF.KINCARDIN .. .:...:..:..... ~:..~............ ..... ,throllghVendo,'s AGENT. .......... none.. .. .. .. .. .. .. . .. .. ,-bON. :P. . . I~. L'! u.... ......... . 'he lollowing .Usr"iI BmkCfI ISeUi., Broker' PROPERTY: lronling nn the. . E.as t... . . . . . . . . . . side 01 P.ena.tangor.e. . . . . . known municipully as ....,.....,.............. inthe ..' TQwn. .of. .Kincardine,. .in. the. County. .of... .. ..' 01.. .Bruce.... ., . . , .. , .. ........... ., ._ havingalronlogeul .. .66. .fe.et.......... mon:orle"Þyadepthul. .264 . feet. .....,.......,. . mil'" u,less and desc:,ibed as .. .. .Par.t. af. Lot .25. .and. P.art. .0£ .Lat. 24,. .Plan. .61.,. .in . the. T.own of IU.ncardine., .. . . in. .the. .County. . o.f . Bruc.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . .. the PURCHASE PRICE OF ..... .*.~'!'..TH.IRT.Y .F.IVE .THOUSAND.DOLLARS. .'!''!'.''':.......... C;u1a<JianO..lla"CSC.... .35.,.00'O.0.0.......J on the fcollowing tetm,;; I. Pun:h"<,,uhonil' w;lh thi, uffe, , . . '!'!".* . ONE. .THOUSAND. .DOLLARS. *. * ¡If. , . .. Dollarsl5. .11.' 0.00...00. .. . .. . . . .. . .J ca..h¡ch('4U~ rayable In lhe Listin~ Broker a.... a dq'Iosillo be held by him in Iru~1 l"..ndint: I.'UllIpk!iun m ulbcr (emlination of this (!f'eemt'nt;me! to be credited 10wanL, the Pur<:ha~ Price nn cumplerion. 2. Pun:ha""a~":""" pay the balance of the purchase price, in cash or by certified cheque, to the Vendor's solicitor, on closing. The Vendors agree to provide an up to date survey and reference plan. The VEndors agree to pay survey costs, impost feès and levies. he Vendors agree to provide water service, sanitary sewer lateral ..al.d ~l¿e;:L:riG 3.;:;x...ice to the lot line. The Purchaser agrees to move the closing date forward to September 30, 1988 providing the Vendors have completed all of the above requirements. /,v.} ~ 5M ~ ÚÞl.-J( ~ "f~ !tv- (~d) 7~ ~ "L !J-- '( /t"..- ~ g. I-,~~,,- p'''' '/ <c- ¿ . ~ fnr ~) J~ v..A~ ~ ~J /) ~ - ~I}-/lì 'jk , Ô t>'f/P-~ ¿- j r· ------"--------_.- . '" 3. Purchaser and Vendor agree that all elishn' tixlUres are inçluded in the cepe those listed herèundef.''':-:- . . . . . . . . . . . . . . . . . . . . . . . . ~~~;~~~O;I~~i~~~~~I~~~r:c; ~~·~·~~~~;·::::::.:·f 'r: ::::::::'.:::::~:: ~: ~:::::.::::: ~::::: ~ ~: ~: ~.~. ·~lle~~~~I~~·~i~·~:I·I·I:'~~:~'·~~:.""·' ~~Yo'l ..SEPT~M~~. :'~':.'.:' ::. :::'. 19.88 . . . . . .. aftetwhich time. ifnolaccepled.lhis Offersball be null and void and Ihedeposir shall be rewmed 10 PurchiLlierwithcut inte:'C!ot orckdu.::riøn. This Agreementsha11 be compleled on the 3.0th. . dayol ., MARCH... .. ' ...... .... .... .. .19'.89...... Upon «'mple'iun. v.<anl possession of the propeny shall be ¡ho"en to Purchaser unless otberwise provided i1S t'ollows: ........................................................................................,........ 6. Purchaser shall be 'aBowed until 11 :59 p.m. on the . 15th.. of .MARCH . . . . . 19 .89.. tQ: eXQIT1ine rhe title to me rropert)'. at his own t'xpense. I~ satisiy himself tIt:at there are no outstanding work orders atTeètins the property. that its present use .............,......."............... .............. R~l'r' Sing.le. .Famil:y. .Resid6mtial.,...... '...." .......................,... may be lawfully continued. and dw the principal buiJdinl rr.ay""œ iøsured as-illS( risk of fin:. 1. Provided that the tide to the PropeR)' is good and free from all encumbrances e'x":t:pI as :afo~sa.id and exc:pt for 311Y n:gbnered Jeslrictiðns orcolo'enanls thai: run with the land providing that such are complied \Vim;md except for any minor e:asemenß to public urilities requiMf for th~ suppl)' of domesric l.1tility services to me property. rr within the rÎme allowed forex3II1ining the title any "Ilid objection 10 lide. or to any outstanding ...-orkOlder. ortolhe fact me said present U~ may not lawfully be con- tinued. or that the principal building may not be insured against risk l'f fire i~ mad~ in ""riting to Vendor :lnd """hich VenJor is unable or unwilling to remo...e. remedy or satisfy and whicb Purcha$er will nor. waive. this Agreement. notWithstanding any intennediate acts (lrnegolialions in respect of such objections. shalt be at an end and aU monies rhc=retofore paid shall be returned without interest or deduction 3Þd Vendor and Vendor's Agent shall not be liable for any costs r)f dan13ges. Save as 10 lUty valid objecúon so1Mde by such d:1y and except' for :tny obj~tio" goiß! to the root oÎthe title. PurchasershaJl be conclusivel)" deemed to ha\'e' OICc:pted Vendor's title [0 the propeny, 8. Purchaser acknÐ1"ledgH haYing inspected the property prior to !iubmittine'" Offer and understands that upon Vendor aœepting this Offer there shall bea binding agreement of purchase and SOlie between Purchaser and \' endor. .,.-.':" __~ .._,,~";_.r\' ¡,..... -, " 9. Vendur and Purchaser agree thai there is no condilion, express. or implied. repre~tation (N' WôUTanty of an)' k.ind that the fUfure intended Die orlhe" prnptny by Purch- aser is or will be lawful except as may bI: !ip\.'C'ifically !iEipulaled elsewhere In this Aareement. 10. Purchaser shaJl not call for the production of any ti(le deed. abstract. surveyor olher evidence of title to the prope:ny e:'tcept !!iuch as are in the ptK~!ísion or control of Vendor. Vendor agrees Ihat. if requested by the Purchaser. he will delh'er any sketch or survey of the property in his possession or wilhin his control to Purchaser 3S soon as possible and prior to the lasl day allowed for examiRiog tide . In. the event thar a discharge of any mort,. Ofcharge held by 3. Cht1l1cred Bank. TNSI Company. Credit Union or Insurance Company and which is not to be aSSllØled bf the Purchaser on completion. is not available in regisrrab1e form on completion. rhe Purchaser ag~ to accePt d1e Vendor's solícllor's p:rsoru:t1 undertaldn, to: obtam. out of the closinC fund."I. a discharge or ¡:essation of charge in registrable fonn and to register same on dtle within a reæonabla.pedod-Ot.time at'tet-<:ompIetiOIt; providedthttt onófbefore completion the Vendorshalt provide to the Purchaser::a mortpg~ stltement p~pDreØ by the mortgagee selting OUI the balartC'e required to ob(ain the dischar,e, together with a direction executed by Ihe Vendor dirtttin. paymenl to the mortpgee. of the amount required. to obtain the discharge out or the balance dult on completion. . 1:1',. All buildings on the prope:ny ::and all Olherthings bc-1ng purttiasedshan be Ilßd remain unlil completloß at the risk of Vendor. Pcndinl complelion. Vendorshall hold all insur,ulCc policies. if any. and the pnxeed."I thereof in tNse forrhe panies as their interests may appear 8Jft:I in the event of subslantial da.mag.:. Purchaser maYI terminafe this Agreement and have all monies theretofore paid relUn1e\l wirhout inletest ordedUl.1ioo or else take die proceeds of an)' insurance and complete the a5e. ¡ 1'2. Pnwidcd (hat this Agreement shall be effective 10 create:an interest in the propmy only if the subdivision control provisions of The Planning Act are' compiled wit _ ~. Ventlor Of! or before completion and Vendor hereby CQ"enunt, to proceed diJigenrl)' at his expense 10 obtain any necessary consent 0!1 or bef~ completion. 13; Purchlller shall be credited towards the Purthase Price with the amoußC, if any. which ¡t shall be neteSS8r)' for Purchaser to pay to the Minister ofNatkmal Revenue iD ord., to salisly Purehaser's liahility in ""'F.' olt.. pay.ble by Vendor uncIer .... ønn·"",W.ney provisioas 01.... Income T.. Act by ....... or this ..... Pun:_ shall nol cI.lm such c:rcdillf V.ndor dellvm on compl.tion the pres<ribed eenifk... or his .....101y deelaradnn thai he I. not ....a a non·"",lden! or Canada. 1,4; R.nts, mortgage inreresl...xc"locallmprov.ments. w_and......ment....s and the coslorr..1 shall he apportion.,hnd.llow.d to"" claleofeompl.tion (.... day ¡tsellto be apportioned to Purllaser.) I~. The deed or transl., shall. sav. lor the Land Tran,ler T.. Affidavit, which aIIaIl he prepared and completed by .... Purehaser, be p"'pared in ",ismbl. lorm .. the expense of Vendor and the Monsap at the expense of Purchaser. .. I!ð. Time shall in all respects be of the essence hereof provided thatlhe lime for doiRS orcompleling of any matter provided for herein may be extended or abridged by an agreement in writing si¡:ned by Vendor and Purthaser or by their respective soli¡;:itors who may be specifICally authorized in that regard. 17. Any tender of documents or money heRUnder may be made upon Vendor orPurthaser or dJeir respective solicitors on the day set for completion of this AJfCC~nt. Money may he rendered by bank draft orcheque certified by a Cbortered 1Iaqk. TruslCompany, Province ofOnIario S..ings Off..., Credk Uninnor CalfSO PopuIaire. 18. THE VENDOR WARRANTS THAT SPOUSAL CONSENT IS NOT NECESSARY TO THIS TRANSACTION UNDER THE PROVISIONS OF THE FAMILY LAW ACf. 1986, UNLESS THE VENDOR'S SPOUSE HAS EXECUTED THE CONSENT HEREINAFTER PROVIDED. 19. Th. V.ndor "1''''''''' and warrants lolloa p"rdJøer lllat die buildings .....In toaj.nctlon wllb IIoa WO IOr!)' ba.. not been, as at.... date or .....pletJon. I...lated wllb a Urea Formald.byde foam Iyp. of insulation. .......lded lhallftha building Is partora malllpl. unit baildlnllbls "amutl, shall onl, ..tead 10 Ihat pardon or lbe building which is Ih. subject or ibis _lion. This w......ut, shall sum.. aød not -ae on the .....pletJon or Ih. transactlan. 2!l. THE PURCHASER IS HEREBY NOTInED THAT A CONSUMER REPORT CONTAININÇ'CREDIT AND/OR PERSONAL INFOR.\lATlON MAY BE REFERRED TO IN CONNECTION WITH THIS TRANSACfION. . 21. The: Vendor hereby appoints the Listing Broker his agent for die purpose of ¡ivÌßS and receiving ootices punuant 10 this a¡.reement. 22. Notwithstanding any .enns or conditions OUtlined in the printed ponion herein. an)' provisions written or ryped into this Offer shall be the true tenns and shall supersede the princed portion in respect to lhe parts affected thereby. This Apeement shall CORSttlute the entire a¡reemeal between Purdwer and Vendor and lhere is DO repre~ senl1ltion. warranty. collateral agreement or condition affectin.lhis Agreement or the property or supported hereby odter than as expressed herein in writing. This Agreement shall be read with all dtanges of gender or number required by Ihe context. RED IN WITNESS w DATED.. .., ..IHNG.!\MJNF;.................................. this.2.4~h~dayol.. .~I!~.u~!-'.......; ..19.~~.. ......;..<1':... y hand and ...1: . Dat~. ~~.~. .................................... ..................(~,................DlUe.............. The undersigned accepts the above Offer and agre:~ with lhe Listin. Broker above named in consideration for his senices in procuring Ihe said Offer. IOpt)' him on Ihe date &hove fixed for com,let1on, a commission of . n 11. . . ., of an amount equal 10 the above mentioned sale price, which commission may be deducœd from the deposil.1 hereb, irrevocably IIISIrUCI my Solicito, to pay direct 10.... said Listiog Broker..y unpaid _ of commission lrom lbe proceeds of the sal.. DATED......... pi~. ç...~J..!I.~............... this ./.~~ dayul.. .~~. 19 fr SIGNED, SEALED AND DWVERED In !be presence of: IN .................................... .................................. Date. .~(I¡-/ . D...~.I/,fð Ions orThe Family Law ACI, 1986. r.. eonsideration of the sum of On. Dollar ($1.00), !be receipt 01 which !'rom .... Pure""', Is hereby aeknowledaed, the undersigned 'I?""'" of.... V_ hereby_ wilb.1ha Purchaser that he/~ wm ....... all neeeas:uy or Inc:idental_,..,O g~full I.... and.ffect to the sale evidenced here,n. i~šé""""""""""""""". Date.............. \VitO...··..···························.... . ACKNOWLEDGEl\IENT I aeknowledge receipt 01 my sign.dcopy of Ibis accepted Agreemeol olPurch· ~and.7'the ~~ard.copy to my solicitor. ~~~~. Date..¥'f:.1¡~. ~~~~,r~~ T.lephone: ., (JJ.~) ?:J9':-: . H ~x. . . . . . . . . . . . . . . . . Vendor's_tor ... f,.~~. .~t.r~~.............. Addresa .f!>" 3.'.,) r¡-:1...~/. . )v..r.J...~y. ... .I\(~ C~. ./~.I.O.~¡¿. Phone . Sl~.... .?fÆ7."3.'f.~r........ FORM No. 10' ~~=....,¡~:~(~ - Addreaa: ..... ¡?æ .tJ:-:-:[... .fJ..'~$,.............. Telephone: .5:./1-.. ~.1:4.. .--: . ·IT .5:).'. . . . . . . . . . . . . A....I........ 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