2022-021 Authorize Purchase & Sale w Prince EstatesTHE CORPORATION OF THE TOWN OF TILLSONBURG
BY-LAW 2022-021
A By -Law to authorize an agreement of Purchase and sale with Prince Estates Inc.
WHERAS the Corporation of the Town of Tillsonburg deems it necessary and expedient
to enter into an agreement of purchase and sale of those lands described as Part of Lots
1 and 2, Concession 5 North of Talbot Road, more particularly described as part of Part
1, Plan 41 R-8326, to be described by a new plan, south of Progress Drive and consisting
of 4.86 Acres of land;
BE IT THEREFORE ENACTED by the Council of the Town of Tillsonburg as follows:
1) That the Agreement attached hereto as Schedule A forms part of this by-law;
2) THAT the authorization is hereby given for the sale of those lands described as
Part of Lots 1 and 2, Concession 5 North of Talbot Road, more particularly
described as part of Part 1, Plan 41 R-8326, to be described by a new plan, south
of Progress Drive and consisting of 4.86 Acres of land, subject to those terms and
provisions outlined within the offer of purchase and sale as attached hereto;
3) That the Mayor and Clerk be hereby authorized to execute the attached agreement
on behalf of the Corporation of the Town of Tillsonburg; and
4) That this by-law shall come into force and take effect on the date of it is passed.
Read a first and second time this 28tth day of February, 2022.
Read a third final time and passed this 28th"' day of February 2022.
YOR — Stephen Molnar
CLERK"— MicheIWSmibert