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Home My WebLink AboutKIN 87 012 Sell Port-Saugeen St THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW 1987-12 . A BY-LAW TO SELL A PORTION OF THE SAUGEEN STREET ROAD ALLOWANCE WHEREAS By-law 1987-11 closed and stopped up Part of the East Part of Saugeen Street between Harbour Street and the Kincardine Harbour; AND WHEREAS Section 298 of the Municipal Act, R.S.O., 1980, Chapter 302, as amended authorizes the council of every municipality to sell the soil and freehold of a stopped-up highway or part of a highway; AND WHEREAS Section 316 of the Municipal Act, R.S.O. 1980 Chapter 302, as amended, requires that where the whole or any part of a highway is legally stopped up, if the Council determines to sell such original allowance or such stopped-up highway, the price at which it is to be sold shall be fixed by the council, and the owner of the land that abuts on it has the right to purchase the soil and freehold at it at that price; AND WHEREAS 634467 Ontario Inc. is the adjoining land owner to the portion of Saugeen Street being closed and stopped up; AND WHEREAS 634467 Ontario Inc. is interested in purchasing the lands hereinafter described and have entered into an Agreement of Purchase and Sale with The Corporation of the Town of Kincardine; NOW THEREFORE the Council of The Corporation of the Town of Kincardine ENACTS as follows: 1. Council authorizes the sale of the said lands described in Schedule "A" attached hereto to 634467 Ontario Inc. on the terms and conditions as set out in an Agreement of Purchase and Sale attached hereto as Schedule "B". 2. The mayor and clerk are authorized to execute such documents as they may deem adviseable to convey said lands to 634467 Ontario Inc. or as it may direct in accordance with the terms and conditions as set out in an Agreement of Purchase and Sale attached hereto as Schedule "B". 3. The purchase price of the said land shall be fifteen thousand dollars ($15,000.00). 4. The clerk of The Corporation of the Town of Kincardine is hereby authorized and instructed to register a copy of this by-law in the Registry Office of Bruce (No.3) in Walkerton, Ontario. . 5. This by-law shall not take effect until all the terms and conditions of the Agreement of Purchase and Sale attached hereto as Schedule "B" have been fulfilled. . . Page 2 1987-12 READ a FIRST and SECOND TIME this 19th day of February, 1987. ~~ MAYOR ~b~ READ a THIRD TIME and FINALLY PASSED this 2nd day of April, 1987. ~~~;z¿ MAYOR -~ _ :> . . page 3 1987-12 THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW 1987-12 SCHEDULE nAn All and singular that certain parcel or tract of land situate, lying and being in the Town of Kincardine in the County of Bruce and being composed of the east part of the saugeen Street Road Allowance between Harbour Street and the Kincardine Harbour, part of Block E, plan 313, and being more particularly described as Part 5 on Reference Plan 3R-3930. 4,.·1_ ~-r." __ N'e\'SOI1k aQd. Gltbcrt, Umlted Eo,", LtIOlO (2/85) SCHEDULE "B" ,'ð" (Øffrr to 'urtl,aøt AGREEMENT OF PURCHASE AND SALE mil(634467 Ontario Inc. Revised February, 19M oilh... Town .or Xin.cardine (as Purchaser). having inspected the properly. hereby agree to and with I~ '(, no 10 rcha.. All and Sincul., lhe pr~mise. _ The Corporation of the. Town. of Kincardine f as Vendor. Agen. for ,Vendo, in Ih. Town of ~ Kincardine known as Part of Saugeen Street, as shown on Schedule nAn attached hereto l:Ia"iR~ a. fa.....b.......,( mORl IF III!, hJ . ..,th sf Rten 8. 1_&Ii. Irt¡RJI L...lU.... ....,...... f. PI... tl.. . -.. recistered tfl the Land Registry Oflic:e for the Re~islr:y I bURtI Till.. I)jyisjon of Bruce (No..3) (herein called the "rea' prorterty" J a. lhe pricoof FIFTEEN THOUSAND-------------------..,..,--------___DoII." IS 15 t 000.00 of lawfu' money of Canada, payable ~=~uc ONE HUNDRED---------::-::--::--..-----DoII.,,'S 100.00 I 10 lhe ..id~V.ndor on Ihis dal. as a de.....il 10 be held in Irusl pending completion or olher I.rminalion of Ihi> Ag....m.nt and 10 he er.dil.d on aecoonl or the purcha!iC pric. on closing, and agr.. 10 pay the balance in cash or by certified cheque on closing subject to the usual adjustments. Schedule wAn and Schedule °8M attached hereto form part of this Agreement of Purchase and Sale. The Vendor repreICJIII IIaaI a. aI the da.. of accepIaøce hereof the Vendor ha. not received from any municipal or oth.r IOv.rnmental authorlly aay de/Ioiency notice or work otder allectillJ the real property pursuant 10 which any deficiencies are r.quired to h. r.medied or at'I)' demolition, repam or rcpl8CCØlcnÞ Ire required to be carried out If the Vendor receives In)' such deficiency notice or work order after the dale of acceplaDce hereof,lhe V.ndor shall forthwilh produce same 10 the Purchaser for inlpeclion. It by the d... of cJosln, the Vendor ha. DOl either (a) complied wilh such deficiency notice DC work order, or (b) soUled with Ihe Purchas.r any queslion of an abatem.nt ollhe purchase price arisin.c out of such deftcieocy nolice or work order. the Purchaser may at his option either (a) accept the real property subject to such deficiency notice or wort order or (b) terminate this AJreement. In the event of termination as aforesaid. all moneys paid hereunder .haII be returned 10 the ............ withoul mle_ or cleduclÍOlls. 1JU(~JGK lh1UiIIi[v.or'Ø'"",.,...v,¡c~IIIJWðIX!¥)H(JlHJiKIXiiHf«X 'r.naney, ihny None °rhè purchase price herein shall include the followine. free and clear of encumbrances: All fixtures. which shall remain affixed 10 the real property. except the folio_in, fixtures which may be remo'Vrd by lhe Vendor prior 10 " clO>'ß': None n. 100Iowin, chau.'s all or which ar. owned by lhe V.ndor: None .is OII."h.1I b. i"evocabl. by Ihe Pur<ha"" IInlil 2: 00 r,m. on Ih. 6th d:lY 01 June 198 6 , . which lime. if not accepted. Ihis Olfer shall be null and 'Void ttOO the defK)sÍl returned 10 the Purchaser without intcrcst or deduction. Provided lhe titl. i. 100<1 and free from all .ncumbrances, excepl .. aforesaid, and .xecpl loeal ralel, and ,xcoll a. 10 any rep.lered r"lrielion. or covenanll that run wllh tire Iabd provided Ihat such are compli.d wilh, and excopl lor any mlnDr ....ments for hydro, '"', telephant' or Ute services. Purchaser 10 acçept the reel property subject to munÎ<:ipal and other lO¥efhmental requirements. Includin, buildinl . aDd zoning by-laws, rClulations and orders. pro'Vided the lame hayc been complied with. Vendor .,tees to authorize municipal and olber "pefDrnentat authorities to release uolo the Purchaser or his sollcltur any information on file pertainina to IlJÇh requirements. closing Th. Purdlaser to he allow.d until/dijQt¡QQ¡GKìI()gC~KllaÐrllo in",'lgat.th'litl. at his own ..pen.., and to .ati.fy himself that there is no breach of municipal or other lovcrnmental requirements aaecting the real property. and that ils present use may be lawfully cQßtinued. If within the lime allowed for examinin8 title. the Purchaser shall furnish the Vendor in wriling whh any valid objectiOD to tille. or to any breach of municipal or other .onrnmenta' requiremenls, or as to the fact thai the present use may not lawrulfy be conlinued. which the Vendor shall be unable or unwilling to remove, remedy or !IIatisfy and which lhe Purchaser will not waive. this Agreemenl shin, notwithslandin. aay inlennediate aels or ne¡oliations. be null and yoid Bnd the deposit money returned to the Purchase,. withoul interest or deductions. and the Vendor and Ihe Ascnt shall not be liable for any costs or damages. SaYe as 10 any valid objection so made within such time. the Purchaser shall be conctusively deemed to have accepted lhe Vendor's title to the real property. "'-~ ~ aDd Gilbert. LImited /FixlaLFIÐ91 (2/a5) ORcr to Purchasc PaRe 1 RÞIIed Þcbruary, 1985 posse~~~:n~::cc~~~r:¡':~I::~::~:~.~~e J::::;~;;e:s( I~:: ~~IJ:i~e~di' 1Jbs'ract, s.ur,,,ey or other evidence of tille except such as are in the 10 the Idst day allowed for examining title. elver any exlstmg survey 10 the Purchaser so soon 8!f. possible and prior TI,'is Agre.m.nl shan b. compl.led on or hefor'.lh. 25th day 01 July P r lhe I . 19 8 6 on which dale vaCan. OS~S$tOn 0 rea property shall be given to the Purch=-:5er unless otherwise provided for herein. Vnlil completion of ..I. all buildinp and equipm r Ih I sh he .. hold all policies f' "d .n on · r.a property all and ,emain al Ih. risk of th. V.ndor, and the V.ndor event of dam. 0 :ura~ e ec:tc. on the pro~rty and the proceeds thereof in trust for the parlies herelo. as their intertsts may appear. h d gc d the Slid buildings and eqwpmenr before the completion of .his IransRdian, lite Purchaser shalt have the richl to elecl sue proc~e S an complete the purchase. or cancel this Agreemellt. .hereupon the Pu."chaser shan be entitled to the relurn without . st or del~~cjJO~, 0,' all mODe)'; .here'olore paid on 8Cçounl of this purchase. Vendor agrees to 'urnish Purchaser with copies 0' ui~ling fire Insurance po lei" WIth D seven day. of lhe dale of acceptance hereof. .' . ~nç~lrn('d fire insurance Ple~;um!l. fuef. luxes. inlerest. rentals. and nil local impwvcmenl and waler rales and other ch.,,!,'ts (or muni. çpa~.1Q1prO"Cm~~~s to be apportlOftCd and allo~cd 10 the dal~ of COnlfll.clion ot sale (Ihe day ilself 10 be nrflOrrioned 10 Ihe Purchß~r). Pro\uJed Purchal'it:r mav elect not 10 accept as.·ughmenl o( fire Ihsurnnce In which case no adjustment lor ¡miliTance premiums. The deed or transfer, SI.!e for La?d TraRSfe~ Tax Aftida\l'it. to he prepared at the expense of the Vendor in a form acceptable to the Purchaser and if a mottple or charlc IS 10 be liven back. It shall be prepared at the expense of the Purchaser in a form acceptable to the Vendor. Provided tha. Ihis Apeement shan be eBeelive only if the pro"isions of SeelÍon" 9' of lhe Plannine Act. a. amended, are complied wilh. Th. d.... 0' tnDsfer..... tøIIIhI lhe ...Ie.... of lhe V....... _ !he V...........1dIor ref....... 10" aèdloa 4' (21.) of .... Planal.. Ad, .'13. _~trt ..... V_or ,_.. ... w........ Ie doe r..m.- .... !he .......p 011 lhe properl, he,. not he.., .... ..m not he .. lhe "Ie of ....... ........ -...... wII.. .rea fomWdeh,. foum I.....lalloa. nil .........,. ....n -.1,. .... ......pI...... 01 "'lIlnnsll.Ii.... The V_or rep'....... .... ........... Ifuo uø _ Ie ..... If .- Ia .....,.... p_1 10 _1011 42 of .... ......11' 1.11.. Refnmo Ad, un.... .... Veador'. a_ hea ......Ied ..... ._HI to ......... I......... .. llIal lb. ..ed or lransf.. ....n .OIII.ID .. .RI..," or ala... -- .,. Veudor. reqodred .,_ (3) 01....... 42 or. _ of. V.......r dI.u ueeute _.. ..... or Inust.. to _at lherelø. Vendor further agees '0 produce evidence that he is not now and that on closing he wilf not be a non·residenl of Canada within the meanin. of Section 116 of the Income Tax Act. or. in the alternalive. e"idence thai the provisions of said Section 116 recardinc disposilioa 01 properly by a non·reaidenl penon have been complied wilh al or hefore cJosins, This Oft'er. when accepted. shall conslÍtute a bindin, contract or purchase and sale. and time in all respecls shall be of the essence of this Asreem.nt. It is agreed that there is no representation. warranty. collateral asreemcnt or (ondidon aBeetine this Agreement or lhe real propert)' or aupporled hereby oIhe, lhen US ..pr....d her.in in wriling, An)' lender 01 documenls or mone)' herellnder may he made uf'On lhe Vendor or Purchaser or upon the solicilor acting for Ihe party on whom lender is desired, and it shan be lußicient that a cheque certified by a chtrlered bank or Irusl company be lendered inslead of cash. Each part)' 10 pay the COlts of recÏSltation and taxes on his own documenls. This Oller and its acceptance 10 be read with .U changes of gender or number required by the conlexl. DATED al Kincardine Ihis .$A;~ day of .S ""t-,~- 19 86, Ontario Limited has hereunto IN WITNESS WHEREOF634467 /XOCieJiIfHillOIHXXXXXXiXíIGXXXXI1ðJlHK affixed its Corporate Seal duly attested by the hand of its proper officers. _. ~ :~~~:~~~~~~~:DANDDElIVERED 634~67 O~T~IÜVINC. G,:~tŽ.'~. . ..// Per. 7'1c '1'LI,: . ,..' , .. ( (Affix S.all .. '-"V.tC'l.attr Per: /:. ~"- l/ f Affix Seall <:- Putthattr lB. hereby accepllhe above oITer. and covenanl. promise and agree to and wilh the ahove-namcd Purchaser to dUly carry oul the same on Ih. t.rms and condilions above m.nlioned. and I h.r.by aceepl Ih. d.posit of S 1 00 . 0 0 ar.Kd(¥(jKi1i,,*~ ~~IQQI1iiÌlÍ-¡U{}Q¡~¡AI ~XK ,*K.XM~¥~~~l;~~~~ ~UDØNUHU(IUa(~ lOOXXX .J(¡1fìIQ[XÐt&JI~~~U ~~lIfIiUU(iU~JIHØ:I~JHti1Uf, . at Kincardine Ihis day of June 1986, CorEa ration· of the Town of IN WITNESS WHEREOF The / tliUUUtHlIllUlllillllJUiliiK Kincardine has hereunto affixed its Corporate Seal duL attested by the hands of its proper officers. SIGNED,SEALEDANDD~UVERED THE CO~PO 'OÑ ÖF .THE TOWN OF KINCARDINE In lhe presence of: ~ fi S I Per: _ .. _ . _ _ _. (At. ..) ~-! ,~~_/ Per: .I 1: ; "-". -::-',," (Affix Seal I /' VeedGt or Vndor', 5poaø _.) .--- ~ SCHED "An ';:)\..nL~ t - ....... , 9 B 5. JOHN C WOOD 0 L. ~ ''\. \ , - ~.. , . ..__,__" .._.~ \\'&.27'; /L ZZ ¿¿",,/]/ZLL \\.'·:Z1IL..LLL..LLL.L.L ""';', ~ _,-' =~==_.. "'''-C'.'\", ==c== \\"å ASPHALT "t,t' PAVEMENT HI ~._.. T-';o"~' -- l' ",. o f) " '" SSIS N6,å zó'¡õ"w IGOV 236 ~..' .1 lonoll 01 "..1. - \-\) . f; ~ ....p - \~\) I 4 i ,,0'\' \16~1~ \NS1. I \ \)\.1\1 \\p.~G . ~ :t. ": ...0' ~ '... '0 - '0 ° . ! \~ ~l\ , :? do II) t6 __ ð " S-f\\f.n (\\~G\ ' . , \ \ O. o' \ ' '. .~ " .. . . ~. ..--;- .. -"'" ..'" 1110°2840 ..0 ..e'''' \" ,00.1 1'14..' - \ .~ . ,0" .... . ~ ,. \' Þ.I~ . . LOCÞ.'{\ot'. ::~:: /~~~~;"'\H'HG ~OÙ~ / ~þ.~ . 1E. :' lC.1\E. ..' c.0 ...,00,,,, ~..." ?I\t _ ~Jl. ftE,' \) '{ IS '? . ...--.: 9.--··:-·:..·····~ . ::= ,eI' ~"'~~ 400Ò ....,. o !'!Ii'0 l1'!> J \t . . \\þ.~00\)~ .. ';..' ~cþ.~Q\~€. ~\, . .;;/;.... .' ~/ . , ..,ò......~ . . I" . . ." . ""."!,,,þ 1. SCHEDULE "B" This Offer is conditional until closing on the Vendor and the purchaser coming to a satisfactory development agreement regarding the purchaser's proposed condominium project on Lots 4, 5 and 6, Plan 77, failing which this Offer shall become null and void and the Purchaser's deposit shall be returned to them in full without interest or deduction. 2. The purchaser shall be responsible for all survey costs including a Reference Plan if necessary. /' / /ÁY 3. t CY ~l?- ðr4. '-".17' "~- " IlíJ~. ~~ CJt~,- /. . The purchaser shall be responsible for all legal costs associated with this sale. This Offer is conditional upon the vendor obtaining satisfactory arrangements allowing public access to the Harbour Location Reserve shown as Part 1, plan 3R-302 and that James Charles Drury Cottrill forfeits his License of Occupation '5325 with the Ministry of Natural Resources. This offer is also conditional upon the vendor obtaining necessary approval for the closing of the subject lands shown as part of Saugeen Street on the Plan of Survey by John C. Wood dated January 29, 1986 and as shown on Schedule "A" to this Offer to purchase, Agreement of Purchase and Sale. ~ " .