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2008-067 Lease Agreement Between the Township of Oro-Medonte and Point-to-Point Communications Ltd.THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE BY-LAW NO.2oo8-Ofi7 BEING A BY-LAW TO AMEND BY-LAW NO. 2003-040, TO AUTHORIZE THE EXECUTION OF A LEASE AGREEMENT BETWEEN THE TOWNSHIP OF ORO-MEDONTE AND POINT-TO-POINT COMMUNICATIONS LTD. WHEREAS Section 224 of the Municipal Act, 20111, S.O. 2001, c.25, as amended, provides that the role of Council is to ensure that administrative practices are in place to implement the decisions of Council; AND WHEREAS Council of the Township of ©ro-Medonte did, on the 7th day of May 2003, enact By-law No. 2003-040, Being a By-law to Authorize the execution of a Lease Agreement Between the Township of Oro-Medonte and Point to Point Communications i_td.; AND WHEREAS the Council of the Township of fro-Medonte deems it necessary and desirable to pass a By-law to authorize the Mayor and Clerk to execute a Lease Agreement Extension with Paint-to-Paint Communications Ltd. NOW THEREFORE the Council of the Township of C}ro-Medonte hereby enacts as follows: That a Lease Agreement Extension be entered into in accordance with the terms set out in the Lease Agreement Extension attached hereto as Schedule `A~, and forming part of this By-law; 2. That the Mayor and Clerk are hereby authorized to execute the said Lease Agreement Extension on behalf of the Corporation and affix thereto the Corporate Seal. 3. That the Lease Agreement Extension shat! be for a period of seven (7) years. 4. 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 28T" DAY OF MAY, 2008. BY-LAW READ A THIRD AND FINAL TIME THIS 28T" DAY OF MAY, 2008. THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE ~~ Mayor, H.$. Hughes __ Cleric, J.~ Douglas Irwin Schedule "A'' to By-Law No. 2008-067 38 Hooper Road, Barrie, Ontario L4hf SZ3 Tel: {705} 72f-987? • Fax: (705) 721-t02t . t-Sfl0.72t-9877 _ _. Bracebricfge Ottice~ (705j 645-9216 • t-800.290-0599 • Fax: (705) 645-1754 COM~IIIUNtCATlONS Concord Office: (800} 461-5614 Lease Agreement Extension Between Township of Oro-Medonte, Owner and Point to Point Communications Ltd/ Point to Point Broadband Inc, Lessee ~~~ 1~+~ ~ ~/'~'-~-.____ iar C h ~A~ ~ ~ Ali)"!f) ~„/ O~p'MED E Tnt,,..._ dNT As stated in the Original Lease Agreement dated May 22, 2003 we are requesting to extend our lease option as stated in paragraph two of schedule `B' for a period of 7 years. The rent applicable for this Lease Agreement Extension shall be $1,800.00 per annum or $150.00 per month plus applicable taxes. At the Townships discretion, they may perform a financial review of the payment amount at the three year point, 2011. The remaining clauses of the agreement dated May 7, 2003 shall remain in effect. Lessee, Point to Point Communications Ltd Point to Point Broadband Inc Sam Low Owner, the Corporation of the Township of Oro Medonte ,~ .S. ughes, yor J. o g i ,Clerk