2025-048Page 1 of 2
THE CORPORATION OF THE TOWN OF TILLSONBURG
BY-LAW 2025-048
A BY-LAW to authorize an agreement of purchase and sale with Wise Line Tools
Inc.
WHEREAS the Town of Tillsonburg is desirous of entering into an agreement of
purchase and sale for lands described as five (5) acres of Van Norman Innovation Park
Phase 2 lands.
BE IT THEREFORE ENACTED by the Council of the Corporation of the Town of
Tillsonburg as follows:
1. That the authorization is hereby given for the sale of those lands
described as five (5) acres of Van Norman Innovation Park Phase 2 lands,
subject to those terms and provisions outlined within the offer of purchase and
sale as attached hereto as Schedule A;
2. That the agreement of purchase and sale attached hereto as Schedule A forms
part of this By-Law;
3. That the Mayor and Clerk be hereby authorized to execute the agreement of
purchase and sale attached hereto as Schedule A on behalf of the Corporation of
the Town of Tillsonburg and to execute any documents required to effect a
transfer of the property described as five (5) acres of Van Norman Innovation
Park Phase 2 lands.
4. That the Development Commissioner and Chief Administrative Officer be hereby
authorized to execute any Acknowledgment and Direction, or other
documentation as may be required, for the purpose of discharging or removing
any development covenants registered on title to the subject lands, once the
applicable development conditions have been fulfilled to the satisfaction of the
Town.
5. That all legal, survey, and related costs associated with the land sale be charged
against the sale proceeds, at the expense of the Town.
6. That this by-law shall come into force and take effect on the date it is passed.
READ A First,Second,Third and Final time and passed this 16th of June,2025.
MAYOR -Del/G Ivesyu
D^UTY'CL^^-Anieiialaggard
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