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1986-68 Oro� I61 CORPORATION OF THE TOWNSHIP OF ORO BY -LAW No_ 86 -68 A BY -LAW TO AUTHORIZE EXECUTION OF A REVISED SUBDIVISION AGREEMENT FOR REGISTERED PLAN M -118 WHEREAS the Municipality has entered into a Subdivision Agreement dated the 20th day of December, 1976 for Plan M -118, being a Registered Plan of Subdivision for Part of Lots 26 and 27, Concession 7, Township of Oro; AND WHEREAS only Phase One Lots 1 -27 have been completed; AND WHEREAS David H. McKee Properties Inc. has purchased and now Is the registered and beneficial owner of Phase Two Lots 28 -70 and Phase Three Lots 71 -125; AND WHEREAS the Subdivider wishes to proceed with the development of part of Phase Two being Phase Two A Lots 36 -58; AND WHEREAS it is deemed desirable to replace and supercede the existing Subdivision Agreement for Plan M -118 dated the 20th day of December, 1976 with a revised Agreement insofar as it applies to Plan M -118 Phase Two A Lots 36 -58; NOW THEREFORE The Council of the Corporation of The Township of Oro hereby enacts as follows: 1. That the Reeve and Clerk are hereby authorized to execute on behalf of the Municipal Corporation of the Township of Oro, a revised Subdivision Agreement between David H. McKee Properties Inc. and the Municipality in respect to Plan M -118 Phase Two A Lots 36 -58. 2. That the revised Agreement shall be registered against the lands to which it applies. 3. That the Municipality shall be entitled to enforce the provisions of the revised Agreement pursuant to the provisions of the Planning Act against any and all subsequent owners of the lands. 4. That this By -Law shall come into full force and effect on the passage thereof By -Law read a first and second time this 15 day of July , 1986. By -Law read a third time and finally passed this 15 day of July , 1986. CORPORATION OF THE TOWNSHIP OF ORO w Re e Clerk