1997-090 To Authorize the Execution of an Extension Agreement between the Township of Oro-Medonte and Lou Goedemondt
,
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
BY-LAWNO.97- 90
Being a By-law to Authorize the Execution of an Extention Agreement between the
Township of Oro-Medonte and Lou Goedemondt
.
WHEREAS the Municipal Tax Sales Act, Chapter M.60, Section 8 provides that a municipality
may by by-law authorize an Extension Agreement with the owner ofland extending the period of
time in which the cancellation price is to be paid and the agreement may be subject to such terms
and conditions relating to payment as are set out in it;
AND WHEREAS Council of the Township ofOro-Medonte by resolution on October 22,1997,
authorized an Extension Agreement with the Owner to extend to December 15, 1997 the
payment period for the cancellation price payable in respect of the land;
AND WHEREAS the Corporation of the Township ofOro-Medonte is desirous of entering into
such extension agreement with the owner ofland and being described in Schedule "A" attached;
NOW THEREFORE the Council of The Corporation of the Township ofOro-Medonte hereby
enacts as follows:
I. The Mayor and Clerk are hereby authorized to execute an extension agreement attached
hereto and forming part of this By-law;
2. That this by-law shall come into full force and take effect on it's final passing thereof.
Read a first and second time this 5th day of November, 1997.
Read a third time and finally passed this 5th day of November, 1997.
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
MAYOR, IAN BEARD
/'
oS' tL
LAr",L /:: .
CLERK, LYNDA AIKEN
.
This Agreement made this
(,:
day of
( ~';,
,1997
BETWEEN
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
(the Municipality)
-and-
.
LOU GOEDEMONDT
(the Owner)
EXTENSION AGREEMENT
WHEREAS the Municipality has by Resolution on October 22, 1997, authorized
an Extension Agreement with the Owner to extend to December IS, 1997 the
payment period for the cancellation price payable in respect of the Land described
in Schedule" A" attached (the Land);
NOW THEREFORE the Municipality and Owner agree as follows:
1. The Municipality will extend to December IS, 1997 the payment period for
the cancellation price payable in respect of the land.
2. The Owner will make payments to the Municipality in accordance with
Schedule "B" attached.
3. In addition to paying the amounts provided for in paragraph 2, the Owner
will pay:
( a) as they become due, all real property taxes levied on the land that
became due and payable during the tenn of this Agreement; and
(b) not later than 30 days following the due date of the last payment
under paragraph 2, such additional amount, if lillY, as is necessary to bring
the total amount paid under this Agreement up to the amount of the
cancellation price payable in respect of the Land.
4. As long as this Agreement is a subsisting Agreement, the Municipality and
its officers will not, e"cept as otherwise provided in this A,reement, enforce
the collection of real property taxes that, at the time of entering into this
Agreement, are overdue or in arrears in respect of the Land but compliance
with this provision does not constitute a waiver of the rights of the
Municipality or its officers to enforce collection of such taxes in the future
if the Owner is in default under this Agreement.
.
5. If the Owner fails to make a payment as required by paragraph 2 or by
clause (a) of paragraph 3 within fourteen days following the day that the
payment is due, or fails to make the payment as required by clsLlSe (b) of
paragraph 3, the Owner is in default and on the day that notice of the default
is sent to the Owner by the Municipality in accordance with paragraph 8,
this Agreement shall cease to be considered a subsisting Agreement.
6. This Agreement shall cease to be considered a subsisting Agreement upon
the date of the sale or other disposition of the Land by the Owner.
7. Notwithstanding paragraphs 2 and 3, the Owner or IIIlY other person may
pay the cancellation price at any time and this Agreement terminates when
the cancellation price is so paid.
.
.
8.
Notice to the Owner under this Agreement is sufficiently given if sent by
registered post to the Owner at the following address:
clo Miriam Kelly
Barrister & Solicitor
1500-2 St. Clair Avenue East
Toronto, Ontario
M4T 2Rl
IN WITNESS the Parties have set their hands and seals.
SIGNED, SEALED AND DELIVERED
in the presence of
'--_[~Ir~ L L~1
,
Witness as to the signature
of LOU GOEDEMONDT
EMONDT
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
MAdR /S<A51
~ j'~ 1i..L
CLERK
Cancet!aUop prico ~ rncnnll an ~mo"'nt C'qUaJ to all the: UI.X arrears owing ..t any time in respoct of land to,scthcr wilh all
cutter\t real propertY tnxes owing. intCf'CfIt and pCnWti~ lhel"lJOn and aU rcuonablc C01tG inCu.rred. by the. municiptJi\';i.
after the Trcuurcr becomel entitled to rcgiltC:f U lUX D.rI'\W'S certificate under seaboD 3, in procooding under lh.ii Act or in
conteMplation of proceedicg undor 1hi9 Act. Bnd wilbout restricting the scncrality of the foregoing, may include, legal
fees and. di.bunumnmtJ. the COrti of prcpmDQ; lID ex~ension aaroemcnt entered intO under section 8. the CDlUi of preparing
a JUrvcy wht't'e lIuch is required to regUtcr Iln)' document under this Act, und a reasonablo allowance for COits thaI may be
in...""; ou,,"equenllo aAvr:nilina uo6t:r section 9. MUIII</pIII _ S.I.. Act, ILS.O. 1990. c. M.60
SCHEDULE "A"
to EXTENTION AGREEMENT
.
BETWEEN
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
-and-
LOU GOEDEMONDT
DESCRIPTION OF THE LAND
Part of Lot 24, Cone. 1, E.P.R.
Township of Ora, County of Simcoe
being Parts 1. 2 and 3, Reference Plan 51R-20699
Municipal Address: R.R. #1. Shanty Bay, Ontario
.
.
.
SCHEDULE "B"
to EXTENTION AGREEMENT
BETWEEN
THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE
-and-
LOU GOEDEMONDT
DATE OF BALANCE OF ACCRUED PAYMENT OF TOTAL
PAYMENT DUE CANCELLATION INTEREST CANCELLATION PAYMENT
PRICE PRICE
OPENING $12,230.15 I
- - -
BALANCE
1. UPON 12,230.15 5,000.00 5,000.00
-
EXECUTION OF
AGREEMENT
2. NOY 15,1997 7,230.15 84.81 2,000.00 7,000.00 I
3. DEC 15, 1997 5,314.96 60.87 5,375.83 12,375.83 I