2004-138 To Amend By-law No. 2003-125, a by-law to Establish a Procedure governing the Sale of Land
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
BY-LAW NO. 2004-138
A By-law to Amend By-law No. 2003-125, A By-law to Establish a Procedure
governing the Sale of Land
WHEREAS the Municipal Act, S.O. 2001, c.25, as amended, Section 268, requires that
the Council of a municipality shall establish procedures, including the giving of notice to
the public, governing the sale of land;
AND WHEREAS the Council of the Corporation of the Township of Oro-Medonte did,
on the 26th day of November, 2003, enact By-law No. 2003-125 to establish a procedure
governing the sale of land; does now deem it necessary to amend the procedure
governing the sale of land;
NOW THEREFORE the Council of the Township of Oro-Medonte hereby enacts as
follows:
1. That Section 4.2 of Schedule "A" of By-law No. 2003-125 be deleted in its entirety
and the following added:
"4.2 Should Council determine to engage a real estate firm or broker to sell the
land, the following applies:
(a) Costs incurred or anticipated to dispose of the land such as legal fees,
survey fees, appraisal fees, encumbrances, advertising and
improvements shall be established;
(b) A listing amount shall be established which shall not be less than the
appraised value plus the additional costs referred to in Clause 4.2(a)
above.
(c) The Chief Administrative Officer, or designate, shall be authorized to
sign the listing agreement;
(d) The offers shall be submitted to the Chief Administrative Officer, or
designate, on the standard Ontario Real Estate Offer to Purchase
forms and shall provide for an irrevocable period of at least fourteen
(14) days;
(e) All final offers shall be submitted to Council for approval of the sale
price."
2. That this by-law shall take effect on the final passing thereof.
BY-LAW READ A FIRST AND SECOND TIME THIS 15TH DAY OF DECEMBER, 2004.
BY-LAW READ A THIRD TIME AND FINALLY PASSED THIS 15TH DAY OF
DECEMBER, 2004.
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
~( J1d~
M or, J.Neil Craig