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2003-022 To authorize the execution of an Agreement of Purchase and Sale between The Corporation of the Township of Oro-Medonte, The Corp of the City of Barrie, The Corp of the City of Orillia & Ukcan II Inc. [ THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE , BY-LAW NO. 2003-022 Being a By-law to Authorize the Execution of an Agreement of Purchase and Sale between The Corporation of the Township of Oro-Medonte, The Corporation of the City of Barrie, the Corporation of the City of Orillia and Ukcan II Incorporated WHEREAS The M, on ir.i r,,1 Ad. S.O. 2001, c.25, authorizes a Municipal Council to pass a by-law for entering into an agreement with one or more municipalities to jointly provide, for their joint benefit, any matter; AND WHEREAS, the Township of Oro-Medonte, the City of Orillia, the City of Barrie and the Lake Simcoe Regional Airport Commission previously entered into such an Agreement dated June 10, 2002; NOW THEREFORE the Council of the Township of Oro-Medonte hereby enacts as follows: . 1. That the Mayor and Clerk are hereby authorized to execute, on behalf of the Township of Oro-Medonte, an Agreement of Purchase and Sale for lands located in Part of Lot 19, Concession 7 (geographic Township of Oro), Township of Oro-Medonte, County of Simcoe, more particularly designated as Part 5, Plan 51R-31319. 2. That this By-Law shall come into force and take effect on the final passing thereof. By-Law read a first and second time this 19'h day of March, 2003. By-Law read a third time and finally passed this 2nd day of April, 2003. THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE . !ft' ~ ~ May ,J. Nell Craig . "," ~. . . . . . -,;,,,,,,,,/'; AGREEMENT OF PURCHASE AND SALE COJlo1IMERCIAL HANGAR SITES THE CORPORATION OF THE CITY OF BARRIE THE CORPOIRATION OF THE CITY OF ORILLIA THE CORPORATIOI" OF THE TOWNSHIP OF ORO-MEDONTE and UKCAN II INC. Part of Lot 19, Concession 7 Township o'f Oro-Medonte, County of Simcoe Designated as Part S on Plan SlR- 31319 . THE CORPORATION OF THE CITY OF BARRIE, THE CORPORATIOr~ OF THE CITY OF ORILLIA and THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE and UKCAN II INC. Agree:ment of Purchase and Sale TABLE OF CONTENTS 1. DESCRIPTION AND PURCHASE PRiCE........................................................ 4 2. DEPOSIT .......................................................................................................... 5 3. PRICE ADJUSTMENT AND SURVEy............................................................. 5 4. ACCEPTANCE AND CLOSING DATES.......................................................... 5 4.1. 4.2. . 4.3. Irrevocable Date..........................,...,......................................................................,.................,....... 5 Acceptance Conditional................................................................................................................... 5 Completion Date .............................................................................................................................. 5 5. VENDORS WARRANTIES, REPRESENTATIONS AND COVENANTS.......... 6 5.1. Municipal Servicing ....... .................................................................................................................. 6 5.2. General...........................,.................................................................................................................. 6 6. BUILDING PERMITS AND SITE PLAN ........................................................... 7 6.1. General............................,.................................................................................................................. 7 6.2. Site Plan ..........................,.................................................................................................................. 8 7. PURCHASER'S CONDITIONS ........................................................................ 8 7.1. . 7.2. 7.3. 7.4. Zoning, Use and Restrictions .......................................................................................................... 8 Soil Conditions and Environmental Tests...................................................................................... 8 Notice re Conditions ........................................................................................................................ 9 Conditions to Closing....................................................................................................................... 9 8. PURCHASER'S ACKNOWLEDGEMENTS AND COVENANTS ..................... 9 8.1. Acknowledgement Regarding Registered Title ............................................................................. 9 8.2, Acknowledgement Regarding Management and Covenants........................................................ 9 8.3. Land Sale Policy.............................................................................................................................10 8.4. Purchase" AS IS" ...............,........................................................................................................... 10 8.5, Airport Operational Policies and Liability.................................................................................. 10 8.6. User Fees ......................................................................................................................................... 11 . 8.7. Capital and Operating Improvements .........................................................................................11 9. PURCHASERS DEVELOPMENT COVENANTS AND SECURITy............... 11 9.1. Genera!........................... .."............................................................................................................. 11 PAGE 2 OF 31 9.2. Security ........................................................................................................................................... 12 9 .3. Default............................................................................................................................................. 12 . 10. TITLE MATTERS ........................................................................................ 13 10.1. Requisition Date......................................................................................................................... 13 10.2. Title ............................................................................................................................................. 13 10.3. Documents of Title .......................................,............................................................................. 13 11. GENERAL PROVISIONS............................................................................ 13 11.1. 11.2. 11.3. 11.4. 11.5. . 11.6. Realty Taxes ............................................................................................................................... 13 GST ............................................................................................................................................. 13 Conditions................................................................................................................................... 14 Time of the Essence.......................,............................................................................................14 Tender ......................................................................................................................................... 14 Family Law Act Compliance.....................................................................................................14 12. AMENDMENTS AND OTHER GENERAL MATTERS ................................ 14 13. NON ASSIGNMENT.................................................................................... 14 14. NON-MERGER AND SEVERABILITY OF COVENANTS........................... 15 15. SUCCESSORS AND ASSIGNS.................................................................. 15 16. SCHEDULE "A" ..........................................................................................17 17. SCHEDULE "B" ..........................................................................................25 18. SCHEDULE "c" .......................................................................................... 28 . SERVICING STATUS........................................................................................... 28 PHASE 1 Part 1 - Includes 5 existing lots with airside access to Taxiway C............................................ 28 Storm Water Management....................................................................................................................... 29 Natural Gas ............................................................................................................................................... 29 PHASE 1 Part 2 -Includes proposed 10 lots on the partial parallel Taxiway D. ...................................... 29 . PAGE 3 OF 31 THIS AGREEMENT made as of the 19th day of February, 2003 . BETWEEN: THE CORPORATION OF THE CITY OF BARRIE THE CORPORATION OF THE CITY OF ORILLlA THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE (the "Vendors") - and - UKCAN II INC. (the "Purchaser") WHEREAS the Vendors are the owners of land located in the Township of Oro-Medonte upon which they have established an aerodrome now known as the Lake Simcoe Regional Airport . ("LSRA") which land includes commercial development lots offered for sale for development for commercial airport usage (such lots hereinafter referred to collectively as the "LSRA Site"); AND WHEREAS the Vendors have determined to sell and the Purchascr has agreed to purchase certain lands within the LSRA Site as hereinafter described for the purpose of enhancing commercial airport usage through the development of hangars and related facilities for repair and storage of aircraft; AND WHEREAS the sale of the commercial development lots within the LSRA Site is authorized pursuant to Section 110 of the Municipal Act, 2001, s.o. 2001, c. 25 for provision of municipal capital facilities that would otherwise be provided by the Vendors to enhance the operation of the LSRA as a commercial airport; . NOW THEREFORE THIS AGREEMENT WITNESSES that the Parties hereto in consideration of the premises and the mutual covenants and agreements hereinbefore contained and expressed, MUTUALLY COVENANT AND AGREE as follows: 1. DESCRIPTION AND PURCHASE PRICE . The Purchaser hereby offers to purchase from the Vendors the property located in the Township of Oro-Medonte consisting of one (]) commercial airport development lot(s) located within the South- West Commercial Development Area (Airside) of the LSRA Site, which commercial airport development lots comprise the lands more particularly described as Part of Lot 19, Concession 7, formerly in the Township of Oro, now in the Township of Oro-Medonte designated as Part 5 on Plan 5IR-31319 and comprising approximately zero point nine nine eight (0.998) acre(s) in area (the "Property") at a purchase price of Sixty-Five Thousand Dollars ($65,000.00 Cdn,) calculated at the PAGE 4 OF 31 . . . rate of Sixty-Five Thousand Dollars ($65,000.00 Cdn.) per acre, in accordance with the terms contained herein. 2. DEPOSIT The Purchaser submits herewith the sum of Six Thousand Five Hundred Dollars and Zero Cents ($6,500.00 Cdn.) by cheque payable to the Vendors' solicitor, upon acceptance, as a deposit to be held in trust, pending completion or other termination of this Agreement and to be credited towards the purchase price on completion, and the Purchaser further agrees to pay the balance of the purchase price, by cash or certified cheque, on closing, subject to the adjustments contemplated herein, 3. PRICE ADJUSTMENT AND SURVEY The Vendors and Purchaser agree that the purchase price is calculated at the rate of Sixty-Five Thousand Dollars ($65,000.00 Cdn.) per acre and the Vendors agree to provide to the Purchaser, a draft reference plan of the Property and a surveyor's certificate as to the precise acreage of the Property, at least ten (10) days before the Condition Date, whereupon the purchase price to be paid shall be adjusted accordingly. Such certificate shall be final and binding upon the Vendors and the Purchaser. The draft reference plan shall show the location of all buildings, improvements and encroachments located on the Property and will separately delineate each development lot as a separate part or parts thereon. The reference plan will be deposited by the Vendors at their expense prior to closing. 4. ACCEPTANCE AND CLOSING DATES 4.1. Irrevocable Date The Purchaser agrees that this offer shall be irrevocable by it until 5:00 p,m. on the 31st day of March, 2003, after which time, if not accepted, this offer shall be null and void and the deposit shall be returned to the Purchaser without interest or deduction. 4.2. Acceptance Conditional The Purchaser acknowledges that any acceptance of this offer by anyone or more of The Corporation of the City of Barrie, The Corporation of the City of Orillia or The Corporation of the Township of Oro-Medonte is conditional upon acceptance and approval of the terms of this offer by each of the respective Councils for the Vendors on or before the 31st day of March, 2003, failing which this Agreement shall become null and void, neither party shall have any further rights or obligations and the deposit shall be returned to the Purchaser without interest or deduction. 4.3. Completion Date This Agreement shall be completed on the 30th day of April, 2003 ("Closing" or "Closing Date"). Upon completion, vacant possession of the Property shall be given to the Purchaser. . PAGE 5 OF 31 5. VENDORS WARRANTIES, REPRESENTATIONS AND COVENANTS 5.1. Municipal Servicing . The Vendors warrant and represent that all municipal services or privately owned and maintained services including paved roads, hydro, water, sanitary sewers and stonn drainage ditches will be available to the lot line of each Development Lot comprising the Property or within the internal road allowance immediately adjacent to such Development Lot on or before Closing. The Purchaser acknowledges and agrees that it will be responsible for construction of the culvert crossing from the internal road as well any fees to install and connect laterals to existing sanitary sewers, watcr, hydro and natural gas supply as provided herein at the standard charges imposed by the Vendors, the Township of Oro-Medonte and/or other utility suppliers providing electrical and/or similar service connections. Such standard charges are in addition to any other applicable charges that the Vendors, Lake Simcoe Regional Airport or other governmental authorities or agencies are entitled to or . required to collect in connection with the development and use of the Property by the Purchaser. The Purchaser acknowledges that the servicing status for the South West Commercial Area in which the Development Lots are situate is as set out in the Servicing Status document attached as Schedule "c" to this Agreement. . . 5.2. General The Vendors further represent, warrant and covenant as follows: (a) no lease or license or any right of occupancy has been granted to any person, corporation or other legal entity in respect of all or any portion of the Property nor shall any such lease, license or right be granted on or before Closing: (b) there are not now and shall not be at Closing any material encroachments over the boundaries of the Property; (c) legal ingress and egress to and ITom the Property shall be available on Closing to a public highway; (d) no notice of any threatened or impending condemnation or expropriation has been given or shall be given prior to Closing by any governmental authority which has not been complied with prior to Closing; (e) the Vendors shall discharge either on or before Closing all liens, charges, special levies, restrictions, agreements, easements, rights-of-way or other encumbrances whatsoever affecting the Property except such charges or levies that are required to be paid by the Purchaser for development of the Property as required pursuant to this Agreement; (f) the Vendors shall deliver to the Purchaser anything in the possession of the Vendors relating to the Property including, without limitation, any survey of the Property PAGE 6 OF 31 . (g) . . ~ prepared by an Ontario Land Surveyor and any soil, topographical, engineering, environmental, municipal or other report within seven (7) days of acceptance of thc within Agreement; from and after the expiry of the Condition Date, the Purchaser shall have the right to take and conclude all such actions, matters and things in respect of the Property that may be required by the Purchaser in its sole discretion for obtaining site plan approval and completion of any planning and other related issues in connection with its proposed development including, without limitation, the right to submit and process all required applications, plans and documents generally required for its proposed development, the right to appear before and make representations to all governmental authorities, bodies and agencies having jurisdiction in that regard and the right to enter into all such agreements as may be necessary for the foregoing purposes and generally to perform all matters and things which the Purchaser may require in connection with the completion and satisfaction of the foregoing matters. Without limiting the generality of the foregoing, the Purchaser shall have the right to make applications for minor variances and consents pursuant to the Planning Act (Ontario) as the Purchaser may deem necessary or advisable provided such applications comply with the terms and requirements of this Agreement for developmcnt of airport related commencial usage. The Vendors agree, upon request by the Purchaser, to forthwith execute such documents, consents and authorizations as may be necessary to permit the Purchaser to undertake any of the foregoing matters provided no such document, consent or authorization imposes any financial obligation upon the Vendor which the Purchaser (h) has or will not satisfy; and, the Purchaser proposed use ofthe Property for the construction and operation of airport hangars, related facilities and other permitted uses as set out in subsection 7.1 of this Agreement comply in all material respects with the requirements of all federal and provincial legislation applicable to the operation of the LSRAC as well as any airport operations manual and any other airport policies now in effect. 6. BUILDING PERMITS AND SITE PLAN 6.1. General The Purchaser agrees to comply with all building codes, land use or other municipal by-laws of the Township of Oro-Medonte, any other statutory requirements and payment of the fees as would be . applicable to the owner of a vac:mt commercial property not related to aeronautics located within the Township ofOro-Medonte. PAGE 7 OF 31 6.2. Site Plan The Purchaser agrees that it will apply, at its cost, for site plan approval and a building permit for . construction of all buildings or other structures to be located on the Property. The Purchaser shall provide to the Vendors and the Township ofOro-Medonte's Planning and Development Department a site plan in compliance with the Township of Oro-Medonte's site plan requirements and, without limiting the generality of the foregoing, will show on such plan the location of the building(s) and outside storage, the front elevation of the building(s), the exterior building materials, the landscaping treatment and the screening of outside storage parking areas, access point for groundside and airside access, signage, outside lighting, lot grading and details regarding all proposed materials to be used in connection with construction of driveways, parking arcas, taxiways, and aprons, all in accordance with the Township's zoning regulations and the Airport Development Regulations, 7. PURCHASER'S CONDITIONS . This Offer shall be subject to the fulfillment of the following terms and conditions on or before the 15th day of April, 2003 (the "Condition Date"): . 7.1. Zoning, Use and Restrictions The Purchaser satisfying itself that the Property is zoned so as to permit the construction and operation of airplane hangar buildings, related facilities and permitted uses hereafter set out, there are no restrictive covenants running with the Property that would in any way derogate from the zoning, use or the construction of airplane hangars and related facilities and the permitted uses (save and except as set out in Schedules "An and "B"). For greater certainty, the permitted uses shall include those related to commercial aviation permitting aircraft storage, maintenance and repair, aircraft finishing, sales, fixed base operations, commercial air services, charter flight services and flight training but not including ultra light aircraft. 7.2. Soil Conditions and Environmental Tests The Purchaser conducting soil and environmental tests and investigations on the Property in order to satisfy itself as to the environmental condition of the Property and that the results of such tests are acceptable to the Purchaser in its sole discretion, The Purchaser shall, at its cost, supply copies of all test results and reports to the Vendors upon receipt of same and agrees to endeavour to secure, without additional cost to the Purchaser, any consents for use by the Vendors that may required in this regard. For the purposes of such tests and investigation, the Vendors hereby grant to the Purchase and its agents access to the Property and the consent necessary to conduct all reasonable soil and environmental tests and other investigations as the Purchaser shall reasonably require provided that . the Purchaser shall restore the land to its original condition by filling in all excavations and test holes upon completion of any such tests or investigations. PAGE 8 OF 31 7.3. Notice re Conditions If the Vendor shall be notified in writing by the Purchaser or its solicitors on or before the Condition , Date that the conditions contained in subsections 7.1 and 7.2 have been satisfied, then this transaction of purchase and sale shall be completed snbject to the remaining teTInS and conditions contained in this Agreement. If, however, the Vendors shall be notified in writing on or before the Condition Date that the said condition has not been satisfied or waived or if no written notice is given to the Vendor pursuant to this subsection 7.3 on or before the Condition Date, then this Agreement shall be at an end and the deposit shall be immediately returned to the Purchaser without intcrest or deduction and it is agreed that neither party shall have any further right or obligations hereunder. 7.4. Conditions to Closing The conditions included in this section 7 have been included for the Purchaser's exclusive benefit and may be waived by the Purchaser, such waiver to be binding upon the Purchaser only if in writing and , signed by either the Purchaser or by its solicitors on its behalf. The Purchaser shall not be obligated to complete the purchase of the Property on Closing unless: (a) the warranties and representations of the Vendors contained in section 5 of this Agrcement (each and every one of which is hereby deemed to be a condition) shall be true and correct in all material respects as if made at Closing; and, (b) the Vendors shall have perfoTIned and observed their covenants and agreements contained in this Agreement. 8. PURCHASER'S ACKNOWLEDGEMENTS AND COVENANTS 8.1. Acknowledgement Regarding Registered Title The Purchaser acknowledges that title to the Property is registered in the name of The Corporation of the City of Barrie as trustee for the Vendors in accordance with the teTInS of an Agreement made , between The Corporation of the City of Barrie, The Corporation of the City of Orillia and The Corporation of the Town ofOro-Medonte which Agreement is dated the 10th day of June, 2002 and registered on title on June 19,2002 as Instrument No, SC29293. 8.2. Acknowledgement Regarding Management and Covenants The Purchaser acknowledges that the Vendors have established the Lake Simcoe Regional Airport facility (the "Airport") as an aerodrome in accordance with the Airports Act and the Municipal Act and have empowered a commission incorporated as Lake Simcoe Regional Airport ("LSRAC") to operate and manage the Airport in compliance with the Air Regulations (Canada). In accordance with the teTInS of the Agreement referred to in subsection 8.1 above, the LSRAC is authorized to manage, operate, maintain and improve the airport facility including the establishment and enforcement of all rules and regulations relating to the use and operation of the Airport. In addition, , the Purchaser acknowledges and agrees that LSRAC has authority, as manager of the Airport, to enforce the teTInS of all agreements and covenants entered into with, or imposed for the benefit of, the Vendors. In furtherance of this, the Purchaser acknowledges and agrees that the title to the Property PAGE 9 OF 31 will be subject to the Agreement set out in Schedule "A" attached hereto and the covenants in the form attached hereto as Schedule "B". The Purehaser agrees to execute copies of the covenants in I form suitable for registration on title to the Property at the time of Closing. 8.3. Land Sale Policy The Purehaser aeknowledges that the Property is being sold by the Vendors pursuant to the Land Sale Policy and Airport Development Regulations in effect at the date of this Agreement and the Purchaser acknowledges having been provided with copies of these documents prior to execution of this Agreement. The Purchaser agrees that it shall be bound by the terms of the Land Sale Policy and Airport Development Regulations and shall execute an acknowledgement to this effect for delivery on closing. 8.4. Purchase "AS IS" The Purchaser acknowledges and agrees that, save and except as otherwise provided in this I Agreement, it is purchasing the Property in its present condition, "as is" and, subject to the terms contained herein, shall conduct all inspections during the conditional period set .out in Section 7.3that it reasonably requires to detemline if the Property has been used as a waste disposal site or contains waste as that term has been defined and/or designated pursuant to the Environmental Pretection Act (Ontario) or any federal legislation of similar type or nature and that the Vendors make no representation or warranty concerning the soil and/or environmental condition of the Property at the time of sale. The Purchaser further acknowledges and agrees that it has conducted or shall cenduct such tests as it dccms necessary to determine to its satisfaction, that the soil conditiens for the Property are satisfactory to support the development and construction of the building and other structures contemplated fer its proposed use of the Property. I 8.5. Airport Operational Policies and Liability The Purchaser acknowledges that the LSRA may be required to temperarily close certain pertions of the Airport facility for maintenance, security and safety purposes or in accordance with any operational policies that may be invoked frem time to time which the LSRAC deems necessary for the safe and responsible operatien of the airport. In addition, the LSRAC may deem it expedient to impose noise abatement requirements, operating curfews and other measures to minimize impact from airport operatiens on the surrounding area. The Purchaser agrees that the Vendors and LSRAC shall not be liable for any loss or damage claims arising from the interruptien or restriction of the Purchaser's business operations as a result of such temporary closure or the imposition of such requirements provided they are consistent with the normal operation of an airport facility and of general application to all owners of land within the LSRA Site. Notwithstanding anything , hereinbefore set out, prior te implementing any such policy or imposing any such requirement, curfew PAGE 10 .oF 31 , I I I ., or other measure, the LSRAC shall demonstrate to the Purchaser, its successors and assigns that same are reasonable and consistent with the nonnal operation of an airport facility. 8.6. User Fees The Purchaser acknowledges that the LSRAC reserves the right to implement user fees for landing, use of ramps, airport parking facilities for aircraft and motor vehicles as well as after hour call-out charges, The Purchaser agrees that it shall be responsible for payment of any such fees that may be imposed from time to time provided they are reasonable and in keeping with the nonnal operation of an airport facility and of general application to all owners of land within the LSRA Site, 8.7. Capital and Operating Improvements The Purchaser acknowledges that the Vendors or the LSRAC shall not be required to make any capital or operating improvements to the airport facility to accommodate the proposed development, including, but not limited to any increase in traffic arising from the Purchaser's business operation, The decision regarding capital or operational improvements to the airport facility rests solely with the Vendors and the LSRAC and it shall not be liable for any claims of loss or damages arising from any decision by the Vendors and the LSRAC not to make such capital or operating improvements, 9. PURCHASERS DEVELOPMENT COVENANTS AND SECURITY 9.1. General The Purchaser covenants with the Vendors that the Purchaser shall, at all times during and subsequent to the construction of the airplane hangar buildings or other improvements to be constructed on the Property, comply with and adhere to the following requirements which shall be implemented and/or enforced on behalf of the Vendors by the LSRAC: (a) all lot grading shall be maintained in accordance with plans approved by the LSRAC and the Township ofOro-Medonte both acting reasonably; (b) all construction debris and rubble of any kind shall be promptly removed from the Property and disposed of in accordance with applicable Federal, Provincial and municipal laws as soon as possible during each phase of the construction of any improvements made to the Property; (c) no construction material which is unrelated to construction of the airplane hangar buildings and related improvements as approved by LSRAC acting reasonably shall be stored on the Property; (d) all construction shall be carried out with minimal disturbance to adjacent lands and the Purchaser shall take all necessary steps to ameliorate and rectify any such disturbance immediately upon request by LSRAC; ( e) all measures reasonably necessary to ensure adequate siltation control is maintained throughout the construction phase shall be implemented to the satisfaction of LSRAC PAGE 11 OF 31 , I and the Township of Oro-Medonte both acting reasonably until such time as construction and landscaping work have been completed in accordance with the approved site plan, The Purchaser acknowledges and agrees that the foregoing covenants are in addition to any requirements for site plan approval that may be imposed by the Township of Oro-Medonte for development ofthe Property in accordance with its usual procedures. 9.2. Security On closing, the Purchaser shall deposit with LSRAC a letter of credit in the amount of Two Thousand Five Hundred Dollars ($2,500.00) for each Development Lot issued by a Schedule 1 Canadian Bank in a form reasonably satisfactory to LSRAC to cover the cost of any action that LSRA may reasonably be required to take to enforce or remedy the breach of any of the covenants set out above. During , construction of the building and improvements on the property, LSRAC may, if so requested by the Purchaser, and as elements of the construction are completed, reduce the amount of the security and LSRAC may cause the security to be reduced to such amount as LSRAC determines is reasonably necessary to satisfY the remainder of the Purchaser's covenants set out in subsection 9.1. The Purchaser acknowledges that the security required pursuant to this subsection shall be in addition to any of the usual security required by the Township of Oro-Medonte in connection with approval for development of property within its jurisdiction. All such security shall be returned to the Purchaser upon Substantial Performance of its proposed development upon the Property. , , 9.3. Default If, in the opinion of LSRAC, the Purchaser shall be in breach of any of the covenants set out in Subection 9.1 above, then, in addition to any other remedies that LSRAC may have, LSRAC shall promptly notify the Purchaser, and its surety, in writing of such breach. If such breach is not remedied within seven (7) clear days of such notification or such greater time as may reasonably be required, then LSRAC shall be immediately entitled to draw upon the security and take such other actions as in the opinion of LSRAC are required to rectifY such breach, including the right to enter on the Property, the right to purchase materials and the right to employ workers, all at the expense of the Purchaser. The cost of such work shall be calculated by LSRAC and its decision in this regard shall be final. The cost of such work shall include a management fee not exceeding TWENTY PERCENT (20%) of all labour, material and machine time charges incurred to complete such work. The Vendors shall be entitled to draw upon the letter of credit to the extent required to reimburse them for such costs, The Purchaser acknowledges that the foregoing remedies are in addition to any remedies the Township of Oro-Medonte may have pursuant to its site plan agreement to be executed for development of the Property. PAGE 12 OF 31 - d 10. TITLE MATTERS 10.1. Requisition Date I The Purchaser shall be allowed until 5:00 p,m. on the 15th day of April, 2003 to examine the title to the Property at the Purchaser's expense. 10.2. Title Title to the Property shall be good and tree from all encumbrances, except as provided herein and except for any minor easements to public utilities required for the supply of utility services to the Property provided same does not interfere with the construction or use of the Purchaser's proposcd development on the Property. If, within the time allowed for examining the title, any valid objection to title or to the fact that a commercial use may not be lawful on the Property is made, in writing, to the Vendors, and which the Vendors are unable or unwilling to remove, remedy or satisfy, and which the Purchaser will not waive, this Agreement, notwithstanding any intermediate acts or negotiations in , respect to such objections, shall be at an end and all deposit moneys paid prior to termination shall be returned without interest or deduction and the Vendors shall not be liable for any costs or damages. Save as to any valid objections so made by such day and except for objections going to the root of title, the Purchaser shall be conclusively deemed to have accepted the Vendor's title to the Property as provided herein. 10.3. Documents of Title The Purchaser shall not call for the production of any title deed, surveyor any other evidenee of title to the Property, except such as are in the possession or eontrol of the Vendors or as may be specifically provided for herein, The Transfer/Deed of Land shall, save for the Land Transfer Tax Affidavit which shall be prepared and eompleted by the Purchaser, be prepared in registerable form at the expense of the Vendors. , 11. GENERAL PROVISIONS 11.1. Realty Taxes Realty taxes shall be apportioned and allowed to the date of completion, the day itself to be apportioned to the Purehaser. 11.2. GST If this transaction is subjeet to Goods and Services Tax ("GST"), then such GST shall be in addition to and not included in the purchase price and the GST shall be collectcd and remitted in accordance with applicable legislation. The Vendors will not collect GST of the Purchaser provides to the Vendors a warranty that the Purchaser is registered under the Excise Tax Act (the "ETA"), together , with a eopy of the Purehaser's ETA registration, a warranty that the Purehaser will self-assess and remit any GST payable and file the prescribed form and shall indemnify the Vendors in respect of any PAGE 13 OF 31 \' ' GST payable. The foregoing warranties shall not merge but shall survive the completion of the transaction contemplated by this Agreement. If this transaction is not subject to GST, the Vendors , agree to certify on or before closing that the transaction is not subject to GST 11.3. Conditions The Vendors and the Purchaser agree that there is no condition, representation or warranty of any kind, express or implied, that the future intended use of the Property by the Purchaser, is or will be lawful, except as may be specifically stipulated elsewhere in this Agreement. 11.4. Time of the Essence Time shall, in all respects, be of the essence hereof provided that the time for doing or completing of any matter provided for herein may be extended or abridged by an agreement in writing signed by the Vendors and the Purchaser or by their respective solicitors who are specifically authorized in that regard. , 11.5. Tender Any tender of documents or money hereunder may be made upon the Vendors or the Purchaser or their respective solicitors on the day set for the completion of this Agreement. Money may be tendered by a bank draft or cheque certified by a Chartered Bank, Trust Company, Province of Ontario Savings Office, Credit Union or Caisse Populaire. 11.6. Family Law Act Compliance The Vendors shall provide evidence on closing that the provisions of the Family Law Act relating to matrimonial homes do not apply to this transaction and that spousal consent is not required, 12. AMENDMENTS AND OTHER GENERAL MATTERS , Notwithstanding any terms or conditions outlined in the typewritten portion herein, any provisions handwritten into this offer shall be the true terms and shall supersede the typewritten portion in respect to the parts affected thereby, provided they have been initialed by the parties hereto. This Agreement shall constitute the entire Agreement between the Purchaser and Vendors and there is no representation, warranty, collateral agreement or condition affecting this Agreement or the property or supported hereby other than as expressed herein in writing. This Agreement shall be read with all changes of gender or number required by the context. 13. NON ASSIGNMENT This Agreement may not be assigned, transferred or otherwise encumbered by the Purchaser prior to Closing without the prior written consent of the Vendors, which consent may be unreasonably and arbitrarily withheld. Notwithstanding the foregoing, provided the Purchaser has first obtained the . covenant and agreement of any third party assignee to be bound by the terms and provisions of this Agreement that survive Closing including the provisions of Schedules "A" and "B" to this PAGE 14 OF 31 , Agreement, the Purchaser shall have the right to direct title to one or both of the Development Lots to any party and, in such event, the Vendor shall engross the Transfer/Deed of Land and the agreement attached as Schedule "A" in respect of such Development Lot and Development Lots in accordance with such direction and with respect to any such Development Lot or Development Lots so directed, the Purchaser herein will be relieved from all liability under this Agreement and with respect thereto arising from and after closing. 14. NON-MERGER AND SEVERABILITY OF COVENANTS The covenants, obligations and agreements (the "Covenants") made in this Agreement and in any schedule, document, certificate or other instrument delivered by or on behalf of the Purchaser in cOlmection with the transaction contemplated hereby, shall be deemed to be Covenants made pursuant to this Agreement and all such Covenants shall survive the date of execution hereof and the completion of the purchase and sale contemplated herein and shall continue in full force and effect , following same. If any Covenants contained in this Agreement shall, to any extent, be invalid or unenforceable, the remainder of such Covenants or the application thereof to such parties, persons or circumstances, other than those in rcspect of which it is held invalid or unenforceable, shall not be affected thereby and each of the Covenants made pursuant to this Agreement shall be separately valid and enforceable to the fullest extent pennitted by law. 15. SUCCESSORS AND ASSIGNS This Agreement will enure to the benefit of and be binding upon the undersigned parties and their respective successors and pennitted assigns; no party may assign this Agreement except in accordance with the provisions of this Agreement. , IN WITNESS the Parties have set their corporate seals under the hands of their authorized signing officers. ~. ~~ ~ P'~ cis Nan1e: ~ Pv~--6 Title: ,/,7;1f7d4f76/rf? ,i?~v:w,.i I have authority to bind the corporation Per: cis Name: Title: I have authority to bind the corporation . PAGE 15 OF 31 . , I F THE CITY OF BARRIE AUTHORIZED BY BY-LAW NO.gg:?,;3~ PII.SSED hi' Ti COUI~CIL OF THE CORPORATION OF THE CITY OF BARRIE W h h. b. d h ,f);J rrnrrl\..~I. 0IQQ3 eave aut onty to In t e corporatlOtT. THE CORPORATION OF THE CITY OF ORILLIA ~~li lC- 9k _ ~Oj\jA~D 1\. GTEVEAl5Mayor I /..-, ,~, M€i!-{j}./ /..jluA. S. LizL:' We have authority to bind the corporation. THE CORPORATION OF THE TOWNSHIP OF ORO-MIEDONTE q(UJ~ J.~craig - ~layo I --J .,:~ "~..l MarilY~coO - Clerk We have authority to bind the corporation. . PAGE 16 OF31 . . , , , . 16. SCHEDULE "A" AGREEMENT THIS AGREEMENT dated as of the _ day of .2002. BETWEEN: [.] [insert correct legal name of the three municipal owners of the lands] (collectively the "Transferor") - and- [.] [insert name of Purchaser] (the "Transferee") WHEREAS: A. The Transferor and the Transferee entered into an Agreement of Purchase and Sale dated , 2002 (the "Purchase Agreement") in respect to the acquisition by the Transferee of the lands and premises described as [.] (the "Lands"); B. The Purchase Agreement requires the Transferee to execute an agreement setting forth the basis on which the Transferee shall develop the Lands; and C. The Transferee and Transferor have agreed to the terms and conditions hereinafter set forth. NOW THEREFORE in consideration of the mutual covenants and agreements set forth in this Agreement and the sum of $10 paid by each of the Transferor and the Transferee to the other and for other good and valuable consideration (rhe receipt and sufficiency of which are hereby acknowledged), the parties hereto covenant and agree as follows: 1. The Transferee covenants and agrees that, subject to paragraph 17 hereof, it will, within one (I) year of the date of registration of the Transfer of a Development Lot from the Transferor to the Transferee, commence construction thereon of an airplane hangar building or buildings, to cover not less than twenty (20%) percent of the land area, in accordance with the municipal zoning, building and other by-law PAGE 17 OF 31 . . requirements or approval processes of the Township of Oro-Medonte for thc development of the Development Lot including all requirements for the issuance of a building permit and the granting of site . plan approval by the Township of Oro-Medonte, The Transferee also agrees to obtain the approval of Lake Simcoe Regional Airport (the "LSRAC"), to its plans for any construction to be undertaken on the Development Lot and to complete construction of such building or buildings within one (I) year of the start of such construction, subject to Force Majeure. The Transferee covenants to deliver to the LSRAC, in writing, at LSRAC'S management office in the LSRAC Terminal Building a schedule of the times of commencement of construction and completion of buildings and shall keep LSRAC informed by written notice of any changes in the schedule and of any delay in construction times which occurs or might occur. 2. If the Transferee does not start construction of the airport hangar building or buildings on the . Development Lot, in accordance with the provisions of Paragraph 1 above, within the periods therein set out, the Transferor shall have the option of repurchasing the Development Lot from the Transferee at cighty (80%) percent of the original purchase price, without interest, and free from any and an encumbrances. and the Transferee shall provide to the Transferor all cessations of charges and releases of other encumbrances and execute all transfers and assurances as may be requisite in order to transfer title to the Development Lot to the Transferor within thirty (30) days of having been requested to do so by the Transferor. The said option may be exercised by the Transferor on sixty (60) days notice in writing at any time, provided that the Transferee may, at any time after eighteen (18) months from the time of default, give notice in writing to the Transferor at the [City Clerk's Office, City Hall, 70 Collier Street, Barrie, Ontario], with a copy to the Airport Manager at the LSRAC at R.R. #2, Oro Station, Ontario requiring the . Transferor to exercise the option to repurchase the Lands as aforesaid. If, after receiving such notice from the Transferee, the Transferor does not exercise its right to repurchase the Development Lot by giving notice in writing, mailed to the address for service of the Transferee as shown on the Transfer, of such intention within ninety (90) days of receipt of the said notice from the Transferee, then the Transferor's right to repurchase the Development Lot under the provision of this paragraph shall terminate. Notwithstanding anything hereinbefore set out, if the Transferee starts construction of an airport hangar building or buildings on the Development Lot and is not then in receipt of any notice from the Transferor of its exercise of the said option, the Transferor's right to exercise such option shall become null and void and of no further force or effect. , PAGE 18 OF 31 - , 3. Construction of a building shall be considered to be commcnced when a building pennit has been obtained and the fonus for the footings are in place. The building shall be considered to be completed when . Substantial Perfonnance thereof has taken place. . . . 4, In the event that grading works are undertaken on the Development Lot prior to the issuance of a building pennit and preceding construction, the Transferee covenants to control erosion on or from the Development Lot by maintaining vegetative ground cover or by installing erosion control facilities to the satisfaction of LSRAC and the Township of Oro-Medonte, 5. Unless the covenants in paragraph 1 have been satisfied or the right of the Transferor to repurchase the Development Lot in accordance with paragraph 2 has expired, the Transferee covenants that it will not sell or transfer the Development Lot, or any part thereof, to any person, firm or corporation, without first offering in writing, delivered to LSRAC and to the Transferee [c/o City Clerk's office, City Hall, 70 Collier Street, Barrie, Ontario], to sell the Development Lot to the Transferor at a price equal to eighty (80%) percent of the original purchase price paid by the Transferee to the Transferor, and free from any and all encumbrances, For the purpose of this paragraph, if the Transferee is a corporation, the word "sell", in addition to its ordinary meaning, shall be deemcd to mean and include a sale or disposition of the corporate shareholding of the Transferee by the person or persons who, at the date of the transfer of Development Lot by the Transferor to the Transferee, holds or hold a majority of the corporate shares. The Transferor shall have sixty (60) days from the receipt of an offer made by the Transferee, under the provisions of this paragraph, to accept such offer. Such acceptance shall be in writing and mailed to the address for service of the Transferee as shown on the Transfer. If the Transferor does not accept an offer to sell, made by the Transferee under the provision of this paragraph, the Transferor's right, provided in this paragraph to repurchase the lands so offered, shall tenninate, Provided however, that the Transferee may sell or otherwise transfer the said land to a subsidiary or affiliate corporation as defined in the Business Corporations Act, R.S,O. 1990, without first so offering to sell the Development Lot back to the Transferor provided such subsidiary confinns the acceptance of the within building covenants and the offer of re-sale in this paragraph and expressly undertakes in writing to comply therewith, by execution of such documents, in confinnation thereof, as the Transferor may require, 6, The Transferee covenants and agrees that, from and after the earlier of Substantial Perfonnance of constTUction in accordance with an approved site plan relating to a Development Lot and the date that the use of the airport hangar to be constructed thereon has commenced, to pay all monthly airport PAGE 19 OF 31 '.' . maintenance charges and applicable user fees that are applicable to peTI11it airside access from the Development Lot. The airport maintenance charges shall be established concurrent with the transfer of I the Development Lot and shall be adjusted annually based on the Consumer Price Index subject to full review every five (5) years. The failure to pay the monthly airport maintenance charges and applicable user fees will result in prohibition of airside access from the Development Lot to the airport lands retained by the Transferor and operated by the LSRAC and, in additions, will result in cessation of water and sanitary sewer service. Interest on delinquent amounts shall be calculated and payable based on The Bank of Canada's Prime Lending Rate in force from time to time plus 3%, For the calendar year, the airport maintenance charges shall be as set forth in Schedule "I" to this Agreement. 7, The Transferee acknowledges that the LSRAC has provided for the supply of water and sanitary sewer services. The Transferee covenants and agrees that, from and after the earlier of Substantial PerfoTI11ance , of constTUction in accordance with an approved site plan relating to a Development Lot and the date that the use of the airport hangar to be constructed thereon has commenced, it shall be responsible for payment of user fees assessed by the LSRAC to provide these services, such fees to be established concurrent with the transfer of the Development Lot and reviewed annually thereafter. The supply of water to the Development Lot will be separately metered at the Transferee's expense and user fees will be established on the basis of meter readings and sanitary sewer charges shall bc allocated among Development Lots in the same ratio as established with respect to usage of water as established by water meter readings. Failure to pay the monthly user fees will result in cessation of water and sanitary sewer service. Interest on I delinquent amounts shall be calculated and payable based on The Bank of Canada's Prime Lending Rate in force from time to time plus 3%. In addition, the Transferee agrees that any amounts outstanding with respect to user fees shall fOTI11 a charge against the Development Lot in favour of the Transferor until such time as the said amounts have been paid in full together with all interest accruing and costs of enforcement on a solicitor and client basis, For the calendar year, the water and sewage charge shall be as set forth in Schedule" I" to this Agreement. 8, The Transferee agrees to maintain the Property and all buildings or improvements constructed thereon in good condition and appearance in accordance with the requirements of a first class airport facility and as may be required to comply with property standards by-laws in force in the Township of Oro-Medonte from time to time or such reasonable property standards and maintenance requirements adopted by the . LSRAC in the operation of the airport facility. PAGE 20 OF 31 . , 9, The Transferee shall, at any time and from time to time, in the event of the sale, mortgage, lease, ground lease or other disposition of any interest in the Deve]opment Lots or any part thereof, obtain trom any , person so purchasing, mortgaging, leasing or acquiring any such interest, their agreement in favour of the . , . Transferor to perform each of the covenants, obligations and agreements of the disposing party hereunder (including but not limited to those in this paragraph) in the same manner and to the same extent as if originally named in this agreement as the disposing party. and in consideration thereof the other party shall confinn to the person acquiring such interest the benefits of this agreement; provided however that any such agreement executed by any mortgagee shall provide that such mortgagee shall be obligated to perfonn the covenants, obligations and agreements of the mortgaging party hereunder only for so long as the mortgagee shall be in possession of any of the mortgaged, 10. The parties shall with reasonable diligence, provide to each other such further instruments or documents or assurances and do all such other things as may be necessary and expedient to effect the purposes of this Agreement and carry out its provisions. 11. Time shall be of the essence of this Agreement. 12. This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario. 13. This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 14. This Agreement is conditional on compliance with the Planning Act, R.S.O, 1990, c 50, as may be amended from time to time. ]5, The fol1owing tenns shall have the fol1owing meanings: (a) "Deve]opment Lot means each of the four development Jots separately outlined in red and green on Schedule "C" attached to the Purchase Agreement. (b) "Force Majeure" means labour disputes, strikes or lockouts, fire, floods, war, acts of god, unavailability of materials or services, power failure, unusual delay by common carriers or unavoidable casualties, abnonna] weather conditions, abnonna] subsurface conditions, acts or PAGE 21 OF 31 ',' . . omissions or delays of any governmental or other authority having or exercising jurisdiction over the Property. , (c) "Substantial Performance" shall be dctermined in accordance with the same criteria as is used to determine substantial performance of a contract in accordance with the provisions of the Construction Lien Act (Ontario). 16. The Transferor and the Transferee acknowledge and agree that this Agreemcnt shall apply to each of the Development Lots separately with the intent that the failure to commence construction with respect to one Development Lot will not give rise to any rights in the Transferor with respect to any other Development Lot. 17, If commencement of construction on any Development Lot is delayed due to a matter of Force Majeure or any other matter whatsoever reasonably beyond the control of the Transferee, then the period of time for , commencement of construction on such Development Lot shall be extended for the period of time or times equal to the period of such delay or delays. 18, Any and all notice rcquired to be given or as may be given hereunder shall be deemed sufficiently given or made and shall be deemed to have been received by the addressee (i) on the date of delivery if delivered personally to the address specified below or (ii) on the date of transmission if delivered by facsimile transmission or if such day is not a Business Day, on the next working day thereafter: In the case of the Purchaser to: * * * * * , In the case of the Purchaser's solicitor to: * * * * * In the case of all of the Vendors to: The Office of the Clerk The Corporation of the City of Barrie 70 Collier Street, P.O. Box 400 Barrie, Ontario L4M 4T5 Fax No, (705) 739-4243 In the case of the Vendor's solicitor to: , James I. McIntosh Burgar, Rowe LLP Barristers, Solicitors & Trade Mark Agents 90 Mulcaster Street, P,O. Box 758 Barrie, Ontario L4M 4Y5 Tel No. (705) 721-3377 PAGE 22 OF 31 . , I I I I ,~ ' Fax No. (705) 721-4025 e-mail: mcintosh@burgarrowe.com or such other address as the parties hereinafter may in WTiting advise. IN WITNESS WHEREOF the parties have set their corporate seals under the hands of their authorized signing officers. ['J Name: Title: Name: Title: JJWe have authority to bind the Corporation. [.J Name: Title: Name: Title: JJWe have authority to bind the Corporation. PAGE 23 OF31 , , , . , -'-, / SCHEDULE "1" LAKE SIMCOE REGIONAL AIRPORT AIRPORT MAINTENANCE CHARGES and WATER AND SANITARY SEWERAGE CHARGES October I, 2002 ,1irport Maintenance Charge (based on each lot) Airport Maintenance Charge (AMe) is a fee modeled towards airport sustainability and will be applied to each commercial lot sold by the airport. This charge will encompass ongoing airport maintenance items such as snow removal, grass cutting, landscape maintenance, electrical maintenance and runway and other pavement areas of maintenance, to name a few. The areas covered by the AMC are all encompassing to the airport property as it directly relates to the operation of the airport and do not include the purchaser's individual lot(s). As the airport has used the concept of conventional land leases to maintain revenue streams and defray a portion of ongoing airport operating costs, the AMC will be applied to essentially, replace the role of the land lease fee structure, The fee structure has been derived through comparative charges at other airport's comparable to the Lake Simcoe Regional Airport and subsequent operations, as well as based on the annual operating costs of this facility. The fee structure for each, individual lot located in the Southwest Commcrcial Development Area, Phase I, Part 1 is $0.15 per square foot, per annum, bascd on thc lot size, In the case of the Southwest Commercial Development Lots, Phase I, Part I, each lot (approximately 44,000-sq. ft.) would support an annual Airport Maintenance Charge of $6,600.00 or $550.00 per month, plus applicable taxes. As detailed in the Land Sale Policy and in the Agreement of Purchase and Sale, this charge will be based on 5-year tenus, and be subject to annual escalation rates based on ~onsumer J:rice )ndex. Water and Sanitary Sewerage Charges (based on each lot) The water and sanitary sewerage charges at the Lake Simcoe Regional Airport are based on the Township of Oro-Medonte fee structures, The water and sanitary sewage facilities at the airport are monitored and maintained to commercial levels as outlined in the Ontario Drinking Water Standards, a) Water: - up to ISO m3per year - for ISO m3 to 275 m3per year - for 275 m3 per year and greater base rate of $600.00 per year $0,75 per m3 $1.00 per m3 b) Sewage: 100% of water charge As detailed in the Land Sale Policy and in the Agreement of Purchase and Sale, these charges may be amended from time to time, and be subject to annual escalation rates based on !;;onsumer J:rice )ndcx, PAGE 24 OF 31 , , , I . t 17. SCHEDULE "S" RESTRICTIVE COVENANTS I. The Transferee, to the intent that these covenants shall run with the lands hereinafter described as the Servient Lands (and any part thereof) for itself, its successors and assigns covenants promises and agrees with the Transferor, its successors and assigns of the lands hereinafter described herein as the Dominant Lands, that the Transferee and its successors in title, from time to time, of all, or any part or parts of the Servient Lands, will observe and comply with the stipulations, restrictions and provisions herein set forth, and that nothing shall be done upon the said lands or any part thereof in breach or violation or contrary to the fair meaning of the said stipulations, restrictions and provisions contained herein. 2. The Servient Lands are described as Ie], The Dominant Lands are described as Ie]. 3. The Tranferee agrees not to commence construction of any buildings, structures, driveways, parking areas, taxiways, aprons, or any other improvements upon the Servient Lands without first satisfying and complying with the Township of Oro-Medonte's zoning, building and other municipal by-laws or requirements and approval processes (including, without limitation, the submission to the Township of suitable building and plot plans showing the exact location of all buildings (including elevations), outside storage areas, building materials to be used, landscaping, groundside and airside access, signage, outside lighting and grading) currently necessary for the issuance of a building permit and site plan approval by the Township of Oro-Medonte. The Transferee acknowledges and agrees that the Township of Oro-Medonte's munieipal requirements may be subject to amendment in the future and the Transferee agrees to not commence any such construction in the future for which it does not have a building permit without first complying with sueh amended municipal requirements, provided such amended municipal requirements are of general application and apply to other properties located within the Township of Oro-Medonte. 4. The Transferee shall not commence any construction on the Servient Lands without first retaining the services of a professional architectural or engineering firm to design and ensure that the construction of the development on the Servient Lands eomply with Airport Development Regulations. 5, The Transferee agrees that prior to the commeneement of construction on the Servient Lands, it will first obtain the approval of the Lake Simcoe Regional Airport (the "LSRAC") to its plans for any construction to PAGE 25 OF 31 , , , ,. be undertaken on the Servient Lands, whieh approval will not be unreasonably withheld and wil1 be provided so long as the proposed construction complies with Airport Development Regulations. 6. The Transferee covenants that it shal1 not dispense, sel1 or otherwise store aviation fuel or related products on or within the Servient Lands and acknowledges that the Transferor reserves the exclusive right to store and sel1 aviation fuel and related products to users of the airport. Failure to comply with this restrictive covenant wil1 result in the prohibition of airside access from the Servient Lands in addition to any other remedies that the Transferor may have. This prohibition shal1 not prevent the Transferee from al10wing the storage of aircraft in the nonnal course of its business operations on the Servient Lands, 7. The Transferee covenants and agrees that it will not engage in any activities on the Servient Lands which do not comply in all material respects with the requirements of Federal or Provincial legislation applicable to the operation of the LSRAC as well as any Airport Operations Manual in force ITom time to time or any other airport policies as implemented from time to time, 8. The Transferee covenants that it shall not prevent entry onto the Servient Lands by the Transferor, the LSRAC and/or their respective personnel at reasonable times and at reasonable intervals to ensure compliance with the pennitted uses, Federal, Provincial and/or municipal law including environmental protection legislation or in the event of an emergency, The Transferee covenants that it will not prohibit access by the Transferor, its agents or servants from entering upon the Servient Lands in order to conduct Phase I, Phase II and Phase III environmental audits at their discretion and at such time or times as they may determine. The Transferee covenants that it will not use or store on the Servient Lands any hazardous material or environmental contaminants exeept in accordance with governmental1y approved procedures and agrees to keep the Servient Lands ITee of all environmental contaminants exeept in aecordance with all applieable laws. The Transferee shal1 be responsible for the cost of clean up and for any costs, losses or damages suffered by the Transferor and the LSRAC arising from a breach of this covenant. 9, The Transferee, for himself, his heirs, executors, administrators and assigns, further covenant, promise and agree with and to the Transferor, its successors and assigns, that the Transferee his heirs, executors, administrators and assigns, will not, at any time and from time to time, sell, mortgage, lease, license, franchise or otherwise part with possession or title of any part or al1 of the Servient Lands, without first , exacting from any person, finn or corporation so purchasing, mortgaging, leasing, licensing, franchising or otherwise oecupying the Servient Lands, similar covenants to those contained in these restrictive eovenants PAGE 26 OF 31 . . I I I I . . for the benefit of the Transferor, its successors and assigns save and except that any mortgagee's covenant wil1 be limited to such period of time as the mortgagee is in actual possession of the Servient Lands. 10. Each covenant and agreement contained herein shall be construed to be a separate and independent covenant and agreement. If any term or provision contained herein or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable the remainder of these covenants shall not be affected thereby and each term and provision shall be valid and shall be enforced to the extent permitted bylaw. PAGE 27 OF 31 .- , , , , ~ -IIIIIIIIIIIII 18. SCHEDULE "C" Lake Simcoe Regional Airport South West Commercial Area Servicing Status PHASE 1 Part 1 - Includes 5 existing lots with airside access to Taxiway C Groundside Access Groundside access is from an existing gravel road that is to be paved 8 metres wide. The road is presently part ofthe airport but is to be assumed by the Township ofOro-Medonte. Airside Access Two of the five lots have existing paved and lighted connections to the taxiway. To complete the other access ramps 680 x 500 mm elliptical culverts will have to be installed to facilitate drainage, Transport Canada required the installation of additional taxiway lights at the airside connection to Taxiway C at the existing hangar. Water Supply, Treatment and Distribution The water supply system for the A TB and Phase I of the SW commercial area consists of two wells (total combined capacity 346 I/min based on the MOE Permit to Take Water) located near the Utility Building with chlorination and iron sequestering equipment located in the Utility Building. An MOE Certificate of Approval has been received for the existing water supply and treatment system. There is no excess supply or treatment capacity as this system is to supply the ultimate development of the A TB as well as the 5 lots in the SW Commercial area. The water supply is not sufficient for fire protection, Water services 19 mm in diameter were installed from the existing main to each of the 4 undeveloped lots, An existing 150 mm diameter watermain constitutes the distribution system. The watermain has excess capacity for the distribution of potable water. Reports and drawings are available at the City of Barrie Engineering Department. Sanitary Sewage, Collection and Treatment There is 250 mm sanitary sewer located on the groundside access road that services the SW Commercial Area and another that runs on the south airport access road from the ATB to the Utility Building. Sanitary laterals 150 mm in diame:ter have been installed to the lot lines for the 4 existing undeveloped lots. Immediately south of the Utility Building is a low lift pump station that pumps the sewage into two (parallel) septic tanks, Effluent from the septic tanks flows by gravity to a high lift pump chamber. The high lift pump chamber discharges to forcemain that conveys the sewage to a disposal area north of the grass tie down area. The sewage is routed to one of two elevated field beds by an alternate dosing chamber. An MOE Certificate of Approval has been received for the existing sewage collection and treatment system. Reports and drawings are available at the City of Barrie Engineering Department. PAGE 28 OF 31 "'fI , Storm Water Management , The Part 1 area drains by way of ditches beside the road and the taxiway to an existing stonn water management pond located in the south west comer of the site behind the Utility Building. Electric Supply The electrical supply for Part 1 is a 27.6 Kv 3 phase primary overhead pole line running along the west side of the gravel access road, 100 mm diameter conduits havc been placed rrom existing poles under the access road to the property lines of the 4 undeveloped lots. Telephone Telephone servicing for Part 1 is an aerial line on the hydro poles on the west side of the gravel access road. 50 mm diameter conduits have been placed rrom existing poles under the access road to the property lines ofthe 4 undeveloped lots. Natural Gas , A 100mm gas main was installed from the 7th Line along the south airport access road and the gravel road along the west limit of the Part 1 area, Soil Conditions The development lots in Part 1 were prepared by stripping the native topsoil and filling the site with engineered fill to prescribed grades. The lots were left approximately 300 mm below the proposed finished grades so that after excavation for the apron pavement structure and the building footings there would not a significant excess or shortage of fill. The City of Barrie Engineering Department has compiled the soil investigations prepared for various projects, including the initial airport development, into a single volume. The reports are available for review at Barrie City Hall, 4th Floor. PHASE 1 Part 2 -Includes proposed 10 lots on the partial parallel Taxiway D. , Groundside Access An extension of the existing access road would be required south of the proposed lots with a turn around for trucks, (snow ploughs, garbage trucks, maintenance trucks etc.) at the west end. Airside Access The proposed half-length parallel Taxiway E will provide airside access for the proposed lots. Culverts will be required as the general direction of overland flow is to be to the west and it is anticipated there will be ditches paralleling the taxiway. Water Supply, Treatment and Distribution The existing water supply and treatment system does not have the capacity to service the purposed development in Part 2, , One option for water supply would be to install an additional well (or wells) and pipe the water to the existing Utility Building. The existing building would have to be expanded and additional treatment equipment installed, The existing water piping would have to be extended to the west limit of the proposed development. PAGE 29 OF 31 ~ .. A second option would be to install a new well (or wells) and treatment equipment at the west end of the proposed development. A new watermain would be extended the length of the proposed development and would connect to the north end of the existing water distribution system. , Sanitary Sewage, Collection and Treatment The existing sanitary manhole at the north end of the existing gravel access road is approximately 1.55 metres deep. The land to be developed as Part 2 slopes off to the west. It will not be possible to service the proposed lots by gravity using an extension of the existing sanitary sewer. The sewer was installed at minimal grade and cannot be deepened. One option for sanitary servicing for Part 2 area would be to install a gravity sewer flowing west to a pump chamber and a forcemain from the pump chamber to the existing sanitary manhole. The existing sanitary sewer has the capacity to convey the additional volume. The existing low and high lift pumps have the capacity to transfer the increase volumes however the capacity of sewage treatment facilities (septic tanks and field beds) would have to be increased, A second option would be to install a gravity sewer flowing west to a new treatment system (pump chamber, septic tank and field bed) sized to accommodate the proposed development. Storm Water Management , A Master Drainage Plan has been prepared for the Airport In the Master Plan the area of Part 2 is planned to drain to the west to a proposed storm water pond that will provide storm water quantity control. Development ofthe Part 2 area will have to include the construction of the second storm water management pond, which is to achieve two objectives. First it will provide water quality and sedimentation control and secondly it will provide storage to meet storm water management criteria. Reports are available at the City of Barrie Engineering Department. Electric Supply Ontario Hydro was advised of the intention to develop another 10 lots in the Part 2 area so it is assumed that the existing overhead 3 phase primary has capacity to service Part 2. This should be verified. Telephone Bell Canada was advised of the intention to develop another 10 lots in the Part 2 area so it is assumed 'that the existing aerial cables has capacity to service Pmi 2. This should be verified" Natural Gas The Gas Company was advised of the intention to develop another 10 lots in the Part 2 area so it is assumed that the existing 100 mm diameter pipe has capacity to convey the gas volumes necessary to service Part 2. This should be verified" Soil Conditions In general the native surficial soils consist of 250 to 450 mm of topsoil underlain by deposits of silt, sandy silt, sand, silty sand till and sandy silt tilL The surficial soils are of low permeability and exhibit a high groundwater table and poor drainage characteristics, Beneath the surficial soils there is a till that consists of silty sand till material and is bouldery. The City of Barrie Engineering Department has compiled the soil investigations prepared for various projects, including the initial airport development, into a single volume. The reports are available for jieW at Barrie City Hall, 4th Floor. PAGE 30 OF 31