HomeMy WebLinkAbout15 016 sale of surplus land (598794 ontario inc.) by-law bram-k enterprises kincardine business park THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY -LAW
NO. 2015 - 016
BEING A BY -LAW TO AUTHORIZE THE SALE OF SURPLUS LAND
(598794 Ontario Inc.)
WHEREAS THE Municipal Act, 2001 confers broad authority on the municipality to
enable the municipality to govern its affairs as it considers appropriate and to
enhance the municipality's ability to respond to municipal issues;
• AND WHEREAS the Council of The Corporation of the Municipality of Kincardine
is desirous of selling certain land owned by the Corporation which has been
declared surplus to the needs of the Corporation by way of Resolution #04102/14-
04 dated April 2 " 2014;
AND WHEREAS the Council of The Corporation of the Municipality of Kincardine
has been approached by 598794 Ontario Inc., offering to purchase a portion of
these surplus lands and the Corporation is desirous of divesting itself of these lands
under certain terms and conditions;
NOW THEREFORE the Council of The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. That the Council of The Corporation of the Municipality of Kincardine
authorizes the sale of the following lands owned by The Corporation of the
Municipality of Kincardine to 598794 Ontario Inc.:
Part of Lot C, Concession A described as Part 1, Plan 3R9635,
• Municipality of Kincardine for the price of $18,926.00 plus HST;
2. That the terms and conditions of purchase for this transaction shall be as
detailed in Schedule "A" which is attached to and form an integral part of this
by -law.
3. That 100% of the net proceeds be credited to the Municipality of Kincardine
Equipment Replacement Reserve Fund 49 — Kincardine Fire Fund.
4. That the Mayor and Chief Administrative Officer be hereby authorized on
behalf of the Corporation to execute all deeds, undertakings, agreements
and other documents as may be required to complete the sale of the said
lands, and affix the corporate seal as and when required.
5. That the CAO is further authorized to agree to any extension of the closing
date for this transaction as he or she may consider to be in the best interests
of the Municipality of Kincardine.
6. This by -law shall come into full force and effect upon its final passage.
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Sale of Surplus Land (598794 Ontario Inc.) By -law
By -law No. 2015 - 016
7. This by -law may be cited as the "Sale of Surplus Land (598794 Ontario Inc.)
By -law ".
• READ a FIRST and SECOND TIME this 4th day of February, 2015.
READ a THIRD TIME and FINALLY PASSED this 4th day of February, 2015.
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Mayor Clerk
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Schedule "A"
To By -law No. 2015 - 016
III Terms of Sale of Part 1, Plan 3R -9635 to 598794 Ontario Inc.
• Purchase Price $18,926.00
• HST in addition
• Purchaser to reimburse Municipality of Kincardine for all legal, surveying and
administrative cost incurred by it in completion of transaction
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