OWNERSHIP AND APPROVALS a) The Developers are the registered owner of the Lands, described as 00 Xxxxx Xxxxxx, within the former Village of Xxxxxxxx, Town of Minto, County of Wellington.
b) The Developers have applied to the County of Wellington Planning and Land Division Committee (Files B44-23, B45-23, B46-23, B47-23 and B48-23) for consent to sever 00 Xxxxx Xxxxxx West pursuant to Section 53 of the Planning Act to create four severed lots, one retained lot and one drainage easement and wishes to fulfil certain conditions of that approval respecting servicing.
c) The Developers acknowledge that signing this Agreement does not imply or provide approval for any future Planning Act applications, and that they shall be responsible for obtaining all such Planning Act approvals and meet all applicable conditions to such approval at its sole cost and expense.
OWNERSHIP AND APPROVALS a) The Owner is the registered owner of Lot 15 N/S Victoria St Grain’s Survey Palmerston and Lots 8 & 9 E/S of Xxxxx Street Xxxxxxx’x Survey Palmerston, former Town of Palmerston, Town of Minto, County of Wellington (hereinafter called “the Lands”).
b) The Owner applied to the County of Wellington Planning and Land Division Committee (Files B31/19, B32/19 and B33/19) for consent to sever the lands pursuant to Section 53 of the Planning Act to create a severed lot and wishes to fulfil certain conditions of that approval respecting servicing.
c) The Owner acknowledges that signing this Agreement does not imply or provide approval for any future Planning Act applications, and that the Owner shall be responsible for obtaining all such Planning Act approvals and meet all applicable conditions to such approval at its sole cost and expense.
d) The Town has tendered the road, main and lateral construction required to access and service the severed, retained and existing lots to the amount of $485,000.00. The Owner agrees to provide the Town the amount in cash to cover the Owner’s share of the cost of the installation of the said works which are summarized as follows:
a. Owner $325,000.00
b. Town $160,000.00 TOTAL $485,000.00
e) The Parties hereto acknowledge that the tendered amount excludes the installation of electrical services required for the road and severed and retained lots. Further, the Parties hereto acknowledge that the tendered amount excludes the installation of all other private services (natural gas, telecommunications, etc.). The installation of the electrical service required for Xxxxx Street and the severed and retained lots, the Town and the Owner agree to the following terms:
a. The Town will pay for the two (2) street lights required for Xxxxx Street; and,
b. The Owner will pay for the balance of the electrical installation.
f) The Owner agrees to pay to the Town, in full, the amount listed in clause d) based on the information collected through the tender process, which is valued at a total of $485,000.00, which the Owner’s proportion of $325,000.00 is to be paid, in full, by the following schedule:
a. $200,000.00 due upon the execution of this agreement; and,
b. $125,000.00 installment paid by June 30th, 2020.
g) The Town agrees to cover the balance of the cost of the amount listed in clause d) of $160,000.00, which includes any cost overruns for this project.
h) The Parties hereto acknowledge that certain fees are offset due to works constr...
OWNERSHIP AND APPROVALS. 22.3.1 This Agreement is subjecting to the condition precedent in that the Seller must become the registered owner of the Property and obtain all approvals from relevant authorities, to enable the Seller to commence with the Development on or before the 31st day of August 2021 (the Due Date).
22.3.2 In the event of the aforesaid condition not being fulfilled within the abovementioned time-period, the time- period will automatically be extended with a maximum period of 6 (Six) months after the Due Date, or such longer period as the Parties may agree to in writing (the Extended Date).
22.3.3 It is recorded that this condition precedent is inserted solely for the benefit of the Seller. The Seller may waive the benefit of this condition.
22.3.4 In the event of this condition not being fulfilled, the Seller will refund the Purchaser all amounts paid in terms of this Agreement.
OWNERSHIP AND APPROVALS a) The Developer No. 1 is the registered owner of Adjacent Lands, described as 000 Xxxx Xxxxxx, 000 xxx 000 Xxxxx Xxxxxx, within the former Town of Palmerston, Town of Minto, County of Wellington. Developer No. 2 is the registered owner of Adjacent Lands, described as 000 Xxxxx Xxxxxx, within the former Town of Palmerston, Town of Minto, County of Wellington.
b) The Developer No. 1 has applied to the County of Wellington Planning and Land Division Committee (Files B1-22 and B2-22/19) for consent to sever 000 Xxxx Xxxxxx pursuant to Section 53 of the Planning Act to create two severed lots and one retained lot and wishes to fulfil certain conditions of that approval respecting access and servicing.
OWNERSHIP AND APPROVALS a) The Owner is the registered owner of 000 Xxxx Xxxxxx Xxxx and 000 Xxxx Xxxxxx Xxxx, within the former Town of Palmerston, Town of Minto, County of Wellington.
b) The Owner has applied to the County of Wellington Planning and Land Division Committee (File B17-22) for a consent to sever 000 Xxxx Xxxxxx Xxxx pursuant to Section 53 of the Planning Act to create two separate lots, with the other being the retained lot at 000 Xxxx Xxxxxx Xxxx and wishes to fulfil certain conditions of that approval respecting servicing.
c) The Owner acknowledges that signing this Agreement does not imply or provide approval for any future Planning Act applications, and that they shall be responsible for obtaining all such Planning Act approvals and meet all applicable conditions to such approval at its sole cost and expense.
a. The Owner agrees that the costs for all works as within the Town’s Right-Of-Way and all private service extensions, are at the sole cost of the Owner, to the satisfaction of the Town.
