2000-048
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CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
BY-LAW NO. 2000-48
It
Being a By-law to authorize the Execution of an Undertaking with
Walker & Haddow Incorporated
WHEREAS Section 207, subsection 23 of the Municipal Act, RS.O., jchapter M.45, as
amended, provides the authority for councils to enter into agreements ~especting the use
of Township equipment;
NOW THEREFORE the Municipal Council of The Corporation of jthe Township of
Oro-Medonte enacts as follows:
1. That an undertaking be entered into in accordance with the words and tenns set
out in the Undertaking attached hereto and fonning part of this bylaw and noted
as Schedule "A".
2. That the Mayor and Clerk are hereby authorized to execute the said Undertaking
on behalf of the Corporation and affix thereto the Corporate Seal.
3. That this By-law shall come into force and take effect on the final passing
thereof.
Read a first and second time this 17th day of May, 2000.
Read a third time and finally passed this 17th day of May, 2000.
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
'~~O~~~RD
Yye~~jI1
CLERK, LYNDA AIKEN
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THIS ASSIGNMENT made this 12th day of May, 2000
BETWEEN:
THE CORPORA 110N OF THE TOWNSHIP OF ORO-MEDONTE
hereinafter called the Assignor
OF THE FIRST PART
- and -
WALKER & HADDOW INCORPORATED
hereinafter called the Assignee
OF THE SECOND PART
WHEREAS the Assignor has entered into an Agreementwith the Assignee to purchase certain property known
as 372 Moonstone Road West, Oro (lithe Property-), including all of the right and interest of the Assignor under
the unwJitten water supply agreement eWell Agreement"} for the Property between Moonstone Water System
Corporation and the Assignor.
AND WHEREAS the Assignee has requested an Assignment of the Well Agreement from the Assignor.
WITNESSETH that in consideration of other valuable consideration and the sum of Two Dollars ($2.00) now
paid by the Assignee to the Assignor, (the receipt and sufficiency whereof is hereby acknowledged), the
Assignor hereby assigns, transfers and sets over unto the Assignee the Well Agreement and the unexpired
terms thereof and all benefit and advantage to be derived therefrom.
This Assignment shall enure to the benefit of and be binding upon the parties hereto and their respective heirs,
executors, administrators, successors and assigns.
IN construing these presents the terms and pronouns herein shall be read as the number and gender of the
party or parties herein requires and all necessary grammatical changes as the context requires, shall be
deemed to be made.
IN WITNESS WHEREOF the parties
Assignment
THE CORPORATION OF THE TOWNSHIP OF
ORO-MEDONTE
Per.
Per. ~~~l~/li~
Lynda Aiken, Clerk
WALKER & HADDOW INCORPORATED
TO: WALKER & HADDOW INCORPORATED
III
AND TO:
Rotundo Di Iorio Quaglietta
Its solicitors herein
Re:
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE Sale
to WALKER & HADDOW INCORPORATED
372 Moonstone Road East, Oro, Ontario
Closing Date: May 16, 2000
Our File No.: 72091 047
UNDERTAKING
In consideration of the closing of the above transaction, the undersigned
hereby undertakes as follows:
1. To maintain, repair and replace as reasonably required, that portion of the private
water service connection from the Moonstone Water System Corporation system
to the boundary of the subject lands which is located upon the adjacent property
owned by the Vendor designated as Part 1 on Plan 51R-21456.
2. The benefit of this undertaking shall run with the land and be applicable to any
heirs, transferees, assignees and shall be for the benefit of the subject property and
all owners and interested parties from time to tome, with the intention that the
Vendor shall be discharged from its obligations hereunder in the event that it
ceases to be the owner of Part 1 on Plan 51R-21456.
DATED at Oro-Medonte, the
day of May, 2000.
THE CORPORATION OF THE
TOWNSHIP OF ORO-MEDONTE
Per: ~-<._ ~
Ian Beard, Mayor !
-
Per:
Lynda Aiken, Clerk