Body: Council Type: By-law Meeting: Public Date: 2020 Collection: By-laws Municipality: South Frontenac
[View Document (PDF)](/docs/south-frontenac/By-laws/2020 By-laws/By-law 2020-58 - Purchase property in Battersea for public docking.pdf)
Document Text
TOWNSHIP OF SOUTH FRONTENAC BY-LAW 2020-58
BEINGA BY-LAWTO PURCHASE PROPERTY, BEING PART OF LOT 1 PLAN34.
PIN 36290 0191, ON BATTERSEA ROAD, IN THE DISTRICT OF STORRINGTON, TOWNSHIPOF SOUTH FRONTENAC
WHEREAStheTownshipofSouth Frontenacwishesto purchase property forthe purpose ofacquiring lands for the purpose of developing public docking; ANDWHEREASthe Township of South Frontenac entered into discussions to purchase property from owners ofthe Holiday Country Manor Inc;
AND WHEREAS an agreement has been reached with Holiday Country Manor Inc. for the purchase of the property,
NOWTHEREFORE THE CORPORATION OF THE TOWNSHIP OF SOUTH FRONTENAC, BY ITS COUNCIL, HEREBY ENACTS AS FOLLOWS:
That the Council ofthe Township of South Frontenac agrees to purchase lands described as Part Lot 1, Plan 34, being all ofthe PIN 36290-0191, District of Storrington, in accordancewith the terms and conditions in the attached purchase and sale agreement.
Thatthe MayorandChiefAdministrative Officerareauthorized to signthe necessary documents to complete the transaction on behalf ofthe Township. Dated atthe Township ofSouth Frontenac this 20thdayofOctober, 2020. Read a first and second time this 20th day of October, 2020. Read a third time and finally passed this 20th day of October 2020.
CORPORATIONOF THE TOWNSHIP OF SOUTH FRONTENAC
^ Ron Vandewal, Mayor
Q^&l ^]Qr^!^b^ Angela Maddocks, Clerk
DocuSlgn Envelope ID: 6CD04941-76FD-4D49-B076-2795D8430D80
©REAS
Ontario Real Estate Association
Agreement of Purchase and Sale Commercial
Form 500 for use in the Province of Ontario
dayof. P.ctobeI:………………………………………………………., 20.?(?.
ThisAgreement of Purchase and Sale dated this
gUYEfc .The Corporation of&eTpwnshij) of South Frontenac^^^^^^^^^^^ (Full legal names of all Buyers]
SEU£R: .
y9J^4?Y. CO^^. Manor?nc:……………….,…………..,,…,,……………………………………………………………………………… . h«fon°wi"9 (Full legal names of all Sellers]
REAL PROPERTT:
Address 5?.29BatterseaRoad
frontingonthe .Pigrth………………………………………………………………………………
sideof BatterseaRflad.
in the .MWlfiW.^tY. 0?…………………. TO^SUP. Pf..s.QllAFrontm^. Frontenac. co’mtX…………………………^
andhaving a (rontage of .??A………………………………………………… moreorlessbya depth of .64;.->/……………………………………. moreorless
andlegallydescribeda,E?rt. M.l…n/.?.. MT. S.t….Pl.W..34..??. m.FR6.2?106.. ]^. 362W0191.,.,…. _……,…. _….. ^…. ^….,..,……………………,…. ^….,.,….. ;…. ;………………….. ^
.
Ithe^ETffierly")
(Legal description of land including easements notdescribed elsewhere)
.
Dollars |CDN$| .‘WiOQOftB. X.,,, “y???x.
PURCHASEPWCE:
Fiftyvltww
Ts ^btw
S8flg’* s>SXThpusand
1^ . (^
D8
SB(<»&(
53, oqa_o5
^^.. . . . . . . . . . .,. . . ,. . . . . . . . . . . . . . . . . ,. . . . . . . . . . -….. “^^ ^…………………….t
^-^
DEPOSIT Buyer submits . yE T. ?ScePtance….. ^…..,. ;. ^…… :……,……. ;….. ;…… ;….,…., ;… ;. :.. :;:..^……….
(Herewith/Upon Acceptance/as otherwise described in this Agreement)
.
FlYeThousanc!………………………………………………………………………………. Dollars|CDN$|.5to.QQ:o().
by negotiable cheque payable to.. ………………………………………………………………………………………………………………………….. “Deposit Holder” tobeheldintrustpendingcompletion orothertermination ofthisAgreementandto becreditedtowardthePurchasePriceoncompletion. Forthepurposes ofthisAgreement, “UponAcceptance"shall meanthattheBuyerisrequiredtodeliverthedeposittotheDepositHolderwithin24hoursoftheacceptance ofthisAgreement.ThepartiestothisAgreementherebyacknowledgethat, unlessotherwiseprovided forinthisAgreement,theDepositHoldershallplace thedepositin trust intheDepositHolder’s non-interestbearing Real EstateTrustAccountand no interest shall beearned, received or paid onthedeposit. Buyer agrees to pay the balance as more particularly set out in Schedule A a SCHEDUU(S) A tx ‘9@WW8< Buyer”
form(s) part of this Agreement. 5 pm
- IRREVOCABIUTY:This ofhr shall be irrevocable by . uaye1.’.’….. ^.’..;..^.7…………~…………… (r-’.’”…………….. until
on
(a. m./p. m.)
|5ehr/Buyer|
.
He??….
dayof.Qctob.CT…………………………………………………………….., 20. 29–………alterwhichtime,ifnotaccepted,this
offer shall be null and void and the deposit shall be returned to the Buyer in full without interest.
- COMPLETIONDATE:ThisAgreementshallbecompleted bynolaterthan6:00p.m.onthe .19……………….. dayof November. ., 20;i’y…………………….. Upon completion, vacant possession of the property shall be given to the Buyer unless otherwise provided for in thisAgreement. INITIALS OF BUYER(S):
INmALS OF SEU.ERS(S):
Bi
Tlie trademarks REALTOR®, REALTORS®, MLS®,Multiple Listing ServicBs®and associated logos are owned or conlrolbd by The Canadian Real Estate Association |(AEA] and identify the real estate professionals who ore members of CREA and the quality of servk:es they provide. Used under license.
©2019,OntarioRealEttoteAssociationfOREA’’).All rightsreserved.,ThisfarmwasdevelopedbyOREAfortheiBe^andjBproduction ib membert and liceruew only. Any other use or reprocluction Jsprohibited except with prior written consent ofOREA. Do notalter when printing or reproducing thettan3ard pre-sel portion. OREAbeore no liabilily (or your use of this form.
Fonn 500
Revised 2019
Page 1 of 6
WEBFormsBDecQOIS
DocuSlgnEnvelope ID:6CD04941-75FD-4D49.B075-2795D8430D80
- NOTICES:TheSellerherebyappointstheListingBrokerageasagentfortheSellerforthepurposeofgivingandreceiving noticespursuanttothis
Agreement.Wherea Brokerage(Buyer’sBrokerage)hasenteredintoa representationagreementwiththeBuyer^theBuyerherebyappointsthe Buyer’sBrokerageasagentforthepurposeofgivingandreceivingnoticespursuanttothisAgreement.Whereo Brokerage represents both
the Seller and the Buyer (multiple representation), the Brokerage shall not be appointed or authorized to be agent for either the Buyer or the Seller (or the purpose ofgiving and receiving notices. Anynotice relating heretoorprovided forherein shal
beInwriting.InadditiontoanyprovisioncontainedhereinandinanySchedulehereto,thisoffer,anycounteroffer noticeofacceptancethereof or anynoticetobegivenor received pursuanttothisAgreement or anySchedulehereto(anyofthem, “Document’) shallbedeemedgivenand received when delivered personally or hand delivered to theAddress for Service provided in theAcknowledgement below, or where a facsimile numberoremailaddressIsprovidedherein,whentransmittedelectronically tothatfacsimilenumberoremailaddress,respectively, inwhichcase, the signahjre(s’f ofthe party (parties) shall bedeemed to be original. FAX No.
FAX No.:
(For delivery of Documents to Seller)
EmailAddress: .T4Y.<^4ybec.k:ca……………………………..
EmailAddress: TdYffindYbec^Ca_.
‘IFor’deEv. ry’ofDocurnent. ’toSeiierj’’”’’”’""’’’
(For delivery of Documents to Buyer)
"" ~~""’
(Fordellyiy ofDocumenteto Buyei)
CHATTELS INCLUDED:
one dock and related equipment
Unlessotherwise stated inthisAgreement oranySchedule hereto, Selleragreestoconvey allfixhiresandchattels included inthePurchase Pricefree from all liens, encumbrances or claims affecting the said fixturesand chattels. 5. FIXTURES EXCLUDED: n/a
- RENTALITEMS(Including Lease,leaseto Own):Thefollowingequipmentisrentedandnot included inthePurchasePrice.TheBuyeragrees to assume the rental contracl(s), ifassumable: n/a
T^ieBuyeragreestoco-operateandexecutesuchdocumentationasmayberequiredtofacilitatesuchassumption. 7. HSIi If the sale of the property (Real Property as described above) is subject to Hamionized Sales Tax (HST), riien such tax shall he in addition to the Purchase Price. The Seller will not collect HST if the Buyer provides to the Seller a warranty that the Buyer is
registered undertheExciseTaxAct(“ETA’|, togetherwitha copyoftheBuyer’s ETAregistration, a warronly thattheBuyershallself-assess and remit th«HSTpayable andfiletheprescribed form andshallindemnifytheSeller in respect ofanyHSTpayable. Theloregoing warranties shall notmerge butshallsurvivethecompletion ofthetransaction. Ifthesaleofthepropertyisnotsubjectto HST,Selleragreestocertifyonorbeforeclosing,thatthe transaction is not subject to HST. Any HSTon chattels, Ifapplicable, is not included in the Purchase Price. .
os
INITIALSOF BUYER(S):
INmALS OF SELLERS(S):
The Irodemarks REALTOR®, REALTORS®, MLS®, Mujliple Listing Services® and associated logos a ren owned ^^controll«l by Tne Canadian~Reol Estate’Associalion (dlEA) and idantify the real estate professionals who are members of CREA and the fefcS S- quality of services they provide. Used under license.
©2019, Ontario Rsal Estate Auociation fOREA”). All rights reserved., This Eorm was dweloped by OREA for the l»g^a"dj8p’‘oduction [y/\h members’andlicOTsea* only. An);arfieruseor reprocludion it prohibited exceptwith priorwntten consentofOREA. Donotalter when printing or reproducing thestandard pre-set portion. OREAbeuars no liability for your use of this term.
Form 500
Revised 2019
page 2 of 6
WEBFomri®Dec(2018
DocuSlgn Envelope ID:6CD04941. 75FD-4D49-B075-2795D8430D80
- TITLESEARCH:Buyershallbealloweduntil6:00p.m.onthe ..1.2…………….dayof. NovembCT………………………….. ^…^.,20.:
(RequisiflonDate)toexaminethetitletotheproperlyathisownexpenseanduntiltheearlierof:(i|thirtydaysfromAielateroftheRequisitjonDateor
thedateonwhichtheconditionsinthisAgreementarefulfilledorotherwisewaivedor;(ii)fivedayspriortocompletion,tosatisfyhimselfthatthere
arenooutstandingworkordersord.ficiencynoticesaffectingtheproperty,thatitspresentuse|.Yacant.waterfr9ntlaIld………………… ) maybe
lawfullycontinuedandthattheprincipalbuildingmaybeinsuredagainstriskofBre.Sellerherebyconser.tstothemunicipalityorothergovernmenta agenciesreleasingtoBuyerdetailsofalloutstandingworkordersanddeficiencynoticesaffectingtheproperly,andSelleragreestoexecuteand deliver such further authorizations in this regard as Buyer may reasonably require. 9.
FUTUREUSE:SellerandBuyeragreethatthereisnorepresentation orwarrantyofanykindthatthefutureintendeduseofthepropertybyBuyeris or will be lawful except as may be specifically provided for in this Agreement.
- TITLE:Providedthatthetitletothepropertyisgoodandfreefromall registeredrestrictions,charges,liens,andencumbrancesexceptasotherwise
specificaliyprovidedinthisAgreementandsaveandexceptfor(a)anyregisteredrestrictionsorcovenantsthatrunwiththelandprovidingthatsuch arecomplied with; (b| any registered municipal agreements and registered agreements with publicly regulated utilities providing such have been
compliedwith,orsecurityhasbeenpostedtoensurecomplianceandcompletion,asevidencedbya letterfromtherelevantmunicipalityorregulated utility;(c|anyminoreasamentsforthesupplyofdomesticutilityortelecommunicationservicestothepropertyoradjacentproperties;and(d]any easement, fordrainage,stormorsanitarysewers,publicutilitylines,telecommunication lines,cabletelevision linesorotherserviceswhichdonot materially affect the use of the properly. If within the specified times relB rred to in paragraph 8 any
valid objection to title or to any outstanding work
orderordeficiencynotice,ortothefactthesaidpresentusemaynotlawfullybecontinued,orthattheprincipalbuildingmaynotbeinsuredagainst riskoffireismadeinwritingtoSellerandwhichSellerisunableorunwilling toremove, remedyorsatisfyorobtain insurance saveandexceptagainst
riskoffire(IWeInsurance) infavouroftheBuyerandanymortgage*, (withallrelatedcostsatthe .xpenseoftheSeller), andwhichBuyerwill no) waive,thisAgreementnotwithstanding anyintermediateactsornegotiations inrespectofsuchobjedions, shallbeatanendandall moniespaid
shallbereturnedwithoutinterestordeductionandSeller,ListingBrokerageandCooperatingBrokerageshallnotbeliableforanycostsordamages.
Saveastoanyvalidobjection somadebysuchdayandexceptforanyobjection goingtotherootofthetitle, Buyershallbeconclusively deemedto have accepted Seller’s title to the property.
- CLOSINGARRANGEMENTS: Where eachoftheSellerand Buyerretain a lawyer tocomplete theAgreement ofPurchaseandSaleoftheproperly,
andwherethetransactionwillbecompleted byelectronic registration pursuantto PartIIIoftheLandRegistrationReformAct, R.S.O. } 990,Chapter
L4andtheElectronicRegistrationAct,S.O. 1991,Chapter44, andanyamendmentsthereto,theSellerandBuyeracknowledgeandagreethat theexchangeofclosinghinds,non-registrabledocumentsandotheritems(the’RequisiteDeliveries’)andthereleasethereoftotheSellerandBuyer will(a)notoccuratthesametimeastheregistrationofthetransfer/deed (andanyotherdocuments intendedtoberegisteredinconnectionwiththe completionofthistransaction)and(b)besubiecttoconditionswherebythelawyer|s]receivinganyoftheRequisiteDeliverieswillberequiredtohold same intrustand notrelease sameexcept in accordance withtheterms ofa document registration agreement between the saidlawyers. TheSeller
andBuyerirrevocablyinstructthesaidlawyerstobeboundbythedocumentregistrationagreementwhichisrecommendedfromtimetotimebythe LawSocietyofOntario.Unlessotherwiseagreedtobythelawyers,suchexchangeofRequisiteDeliveriesshalloccurbythedeliveryoftheRequisite Deliveriesofeachpartytotheofficeofthelawyerfortheotherpartyorsuchotherlocationagreeabletobothlawyers.
- DOCUMENTSANDDISCHARGE:Buyershallnotcallfortheproductionofanylifedeed,abstract,surveyorotherevidenceoftitletotheproperty
exceptsuchasareinthepossessionorcontrolofSeller. IfrequestedbyBuyer,SellerwilldeliveranysketchorsurveyofthepropertywithinSeller’s controltoBuyerassoonaspossibleandpriortotheRequisitionDate.Ifa dischargeofanyCharge/Mortgage heldbya corporation incorporated pursuanttotheTrustAndloanCompaniesAd(Canada),CharteredBank,TrustCompany,CreditUnion,CaissePopulaireorInsuranceCompany andwhichisnotto beassumedbyBuyeroncompletion, is notavailablein registrable formoncompletion, BuyeragreestoacceptSeller’s lawyer’s
personal undertaking to obtain, outoftheclosing funds, a discharge in registrable form andto register same, orcause sameto be registered, on
titlewithina reasonableperiodoftimeaftercompletion,providedthatonorbeforecompletionSellershallprovideto Buyera mortgagestatement
preparedbythemortgageesettingoutthebalancerequiredtoobtainthedischarge,and,wherea real-timeelectronicclearedfundstransfersystemIs notbeingused,a directionexecutedbySellerdirectingpaymenttothemortgagesoftheamountrequiredtoobtainthedischargeoutofthebalance due on completion.
INSPECTION:Buyeracknowledgeshavinghadtheopportunitytoinspectthepropertyandunderstandsthatuponacceptanceofthisoflerthereshall be a binding agreement of purchase and sale between Buyer and Seller.
INSURANCE:All buildingsonthepropertyandallotherthingsbeingpurchasedshallbeandremainuntilcompletionattheriskofSeller.Pending
completion.Sellershallhoidall insurancepolicies,ifany,andtheproceedsthereofintrustforthepartiesastheirinterestsmayappearandinthe everit of substantial damage. Buyer may either terminate this Agreement and have all monies paid returned without interest or deduction or else
taketheproceedsofanyinsuranceandcompletethepurchase.NoInsuranceshallbetronsferredoncompletion.IfSelleristakingbacka Charge/ Mortgage, or Buyerisassuming a Chaige/Mortgage, Buyershallsupply Sellerwith reasonable evidence ofadequate insurance to protectSeller’sor other mortgagee’s interest on completion. INITIALS OF BUYER(S):
INfflALS OF SELLERS(S):
The trademarks REALTOR®,REALTORS®,MLS®,Multiple listing Services®and associated bgoa a renowned ^CTntroHed by the Canadian Raal Estate AsMcialion (CREA) and identily the real Bstate professionals who are membare of CREA and the
!B*RS. qualityofservicestheyprovide.Usedunderlicense.
©2019,OntarioRealEstateAuociation[“OREA'1).Allrightsreserved..Thisformwaswith developedbyOREA forthei"5^andreProdudion consent ol OREA. Do not alter
prior y^ bv~\is manib8 rs’and-lice-n»es only. Any other reproduction ja prohibited gxoe. pt whm printing or reproducing thettandard pre-set portion. OREA bears no liability for your use ot this torm. use or
Form 500
Revised 2019
Page 3 of 6
WEBFonns®Dec(2018
DOCUSign Envelope ID: 6CD04941-75FD-4D49-B075-Z795D8430D80
- PLANNINGACT;ThisAgreement shall beeffective tocreateaninterestintheproperty onlyifSellercomplieswiththeSL-bdivisioncontrol provisions
ofthePlanningAdbycompletionandSellercovenantstoproceeddiligentlyathisexpensetoobtainanynecessaryconsentbycompletion.
- DOCUMENTPREPARATION:TheTransler/Deed shall, saveforthelandTransferTaxAffidavit, beprepared in registrable form attheexpenseof
Seller,andanyCharge/MortgagetobegivenbackbytheBuyertoSellerattheexpenseoftheBuyer IfrequestedbyBuyer,Sellercovenantsthatthe Transfer/DeedtobedeliveredoncompletionshallcontainthestatementscontemplatedbySection50(22)ofthePlanningAct,R.S.0. 1990.
- RESIDENCT:(a)Subjedto(b)below,theSellerrepresentsandwarrantsthattheSellerisnotandoncompletionwillnolbea non-residentunderthe non-residencyprovisionsoftheIncomeTaxActwhichrepresentationandwarrantyshallsurviveandnotmergeuponthecompletionofthistransaction and the Seller shall deliver to the Buyer a statutory declaration that Seller is not then a non-resident of Canada;
|b) provided thatiftheSellerisa non-resident underthenon-residency provisionsofthe IncomeTaxAct, the Buyersh.all becredited towardsthe
PurchasePricewiththe amount, if any, necessary for Buyerto pay to the Ministerof National Revenue to satisfyBuyer’s liability in respectoftax
payable bySellerunderthenon-residency provisions oftheIncomeTaxActbyreason ofthissale. Buyershall notclaim suchcreditifSellerdelivers on completion the prescribed certificate.
ADJUSTMENTS: Any rents, morlgoge interest, really taxes including local improvement rates and unmetered public or private utilitycharges and unmetered costoffuel, asapplicable, shall beapportioned andallowed to thedayofcompletion, thedayofcompletion itselfto beapportioned to Buyer.
TIMELIMITS:TimeshallinallrespectsbeoftheessencehereofprovidedthatthetimefordoingorcompletingofanymaBerprovidedforhereinmay beextended or abridged byan agreement inwriting signed bySeller and Buyeror bytheir respective lawyerswhomaybe specifically authorized in that regard.
PROPERFTASSESSMENT:TheBuyerand Seller herebyacknowledgethattheProvinceof Ontariohasimplementedcurrentvalueassessment
andpropertiesmaybere-assessedonanannualbasis.TheBuyerandSelleragreethatnoclaimwillbemadeagainsttheBuyerorSeller,orany Brokerage, BrokerorSalesperson, foranychangesinpropertytaxasa resultofa reossessment oftheproperty, saveandexceptanypropertytaxes that accrued prior to the completion of thistransaction.
21 . TENDER:Anytenderofdocuments ormoneyhereunder maybemadeuponSellerorBuyerortheirrespective lawyersonthedaysetforcompletion. Money shall betendered with funds drawnon a lawyer’s trustaccount inthe form ofa bankdraft, certified cheque orwiretransfer using the Large Value Transfer System.
FAMILY LAWACT Sellerwarrants that spousal consent is not necessary to thish-ansaction underthe provisions ofthe Family LawAct, R. S.0. 1990 unlessthespouseoftheSellerhasexecutedtheconsenthereinafterprovided.
UIWX8^K^ He«ii»<^l«»)(»8^W^I(^»%)iawXiWae«i»<Xi»lWKI*l»)|61<ip(N%)S«l»W^^ to)ewi(i()aB»wi»w»i9(i^xi!>i^i»8)a«’»»»iil»^ e<Wi!8fil8(|l|W)SaMWIfiWi9MmSWii^^l8i!^^
bm^>B<^IW^M^Mf<6^)IS^X’W(^^‘m»W^IB^’^^WiK81S)!iKIM^
- LEGAL,ACCOUNTING AND ENVIRONMENTALADVICE:The parties acknowledge that any informalion provided by the brokerage is not
legal, taxorenvironmental advice, andthatit hasbeen recommended thatthe partiesobtain independent professional advicepriorto signingthis document.
- aBi»«wiwiusnnm»<Hwusyi»<»<Hif?8BiWi(fmwma ^ ilBS»‘Be<ieK)WMPWtli’y[>Ti1USi!nariifWNi<«ii?treHi)Si<ilW
- AGREEMENTINWRITING:Ifthere isconflid or discrepancybchreen any provision addedto thisAgreement (including anyScheduleaHached
hereto) andany provision in the standard prfr^et portion hereof, theaddedprovision shall supersedethestandard pre-setprovisiontotheextentof suchconflictordiscrepancy.ThisAgreementincludinganyScheduleattachedhereto,shallconstitutetheentireAgreementbehweenBuyerandSeller. Thereisnorepresentation,warranty,collateralagreementorcondition,whichaffectsthisAgreementotherthanasexpressedherein.Forthepurposes ofthisAgreement, SellermeansvendorandBuyermeanspurchaser.ThisAgreementshallbereadwithallchangesofgenderornumberrequiredby the context.
- TIME AND DA7I: Any reference to a time and date in thisAgr^emeBf shall mean the lime and date where the property is located.
^-os
.^
INITIALS OF SEIURS(S):
INITIALS OF BUYER(S): Thehademaria REALTOR®,REALTORSe^MI.S®,Multiple Listing Services®andauocioted logosare^awnad^^controlled by and the the Canadian Real. Estate Association [CfcE AJ and identify the real estate pnafeuionals who are membera of CREA
fcftS. qualityofservicestheyprovide.Usedunderhcense. © 2019, Qnhario Real Estate Association (“OltEA’’}. All rights reserrtd.. This form was developed by OREA for the i^^"^rep”>d"ctio”
ilsmeinbenandlicensrosonly.Anyotheruseorreprocl^^
whenprinting or reproducing thastan3anl pre-setportion. OREAbeiarsno liability foryour useof thisterm.
Donotalter
Form 500
Revised 2019
Page 4 of 6
WEBFonns®Dec/2018
DocuSlgnEnvelope ID:6CD04941-75FD-4D49-B075-2796D8430D80 28. SUCCESSORS AND ASSIGNS: The heirs, execuhsrs, administrators, successors and assigns of the undersigned are bound by the terms herein.
SIGNED, SEALED AND DELIVERED in the presence of:
IN WITNESS whereof I have hereunto set my hand and seal: .
Igmd-by"
10/19/2020 I 3:S8
. (Witness)
;igning Officer}
|S«al]
(Date)
[WifaC is)
(Buyer/Authorized Signing Officer]
(Siol)
(Date)
I, the Undersigned Seller, agree to the above offer. I hereby irrevocably instruct my lawyer to pay directly to the brokerage(s} with whom I have agreed to pay commission, the unpaid balance of the commis5ion together with applicable Harmonized Sales Tax (and any other taxes as may hereafter be applicable), from the proceeds ofthe sale prior to any payment to the undersigned on completion, as advised by the brokerage(s) to my lawyer. SIGNED, SEALED AND DEUVERED in the presence of:
IN WITNESS whereof I have hereunto set my hand and seal: .
10/19/2020 I 8:07
ttbcudlflnWlby:
IWlheu) .
ietlec/AbtfloriJdcTSiflninfl Officer)
(Seal)
4484FE87A723418..
.
(Seal)
(Seller/Authorizad Signing Officer)
(Witness)
(Date) |Dale|
SPOUSAL CONSENT: The undersigned spouse of the Seller hereby consents to the disposition evidenced herein pursuant to the provisions of the Family kiw Act, R.S. 0. 1990, and hereby agrees to execute all necessary or incidental documents to give full force and effect to the sale evidenced herein. jWitn. ssi"""’" "
(Spouse)
(Senl)
|Date|
CONFIRMATIONOF ACCEPTANCE:Nohwithstandinganything contained herein to the contrary, I confirm thisAgreement’yillv^J^fiEl?? bp^ and written was finally occepted by all parties at…………… ^…………… this………….. day of……………….. _…. ^……………………………………. 20. (a. m./p. m.)
'
y-DoBuSlnnad by:
fSWSt’svi’w} INFORMATION ON BROKERAGE(S)
S1EliA1l;B2174i?.
(613)389-7777
listingBrokerage .RE/MAXFINEST.REALTY..INC,..
(Tel. No.)
RANDY BECK (Salesperson/Broker/Broker of Record Name)
Coop/Buyer Brokerage
(Tel. No.) (Salesperson/Broker/Broker of Record Name) ACKNOWUDGEMENT
I acknowledge receipt of mysigned copy of this accepted Agreementof Purchase and Sale and I authorize the Brokerage to forward a copy to my lawyer.
I acknowledge receipt of my signed copy of this accepted Agreement of authorize the Brokerage to forward a copy to my lawyer.
10/20/2020 I 3:11 [Seller]
(Date)
s 1CB217437.,,
(Date)
(Seller) Address for Service
(Date)
(Buyer) Address for Service
(Date)
(T«l. No.)
Pel. No.)
Seller’s Lawyer
Buyers Lawyer
Address
Address
|Tel. No.) FOROFFICEUSEONLY
(Tel. No.)
(Fax. No.)
|Fo«. No.)
COMMISSIONTRUSTAGREEMENT
To: Co-operating Brokerage shown on the foregoing Agreement of Purchase and Sale:
In considerationfortheCo-operatingBrokerageprocuringtheforegoingAgreementof Purchaseand Sale, I herebydeclarethatall moneysreceived or receivableby me in connectionwiththeTransactionascontemplatedintheMLSaRulesandRegulationsofmyRealEstateBoardshallbereceivableandheldintrust.Thisagreementshallconstitute a CommissionTrustAgreementasdefinedin theMLS®Rulesandshallbesubjectto andgoverned bytheMLS®Rulespertainingto CommissionTrust. DATEDosofthedateandtimeoftheacceptanceofthe foregoingAgreementof PurchaseandSale. Acknowledgedby: (Authorized to bind the Listing Brokerage)
(Authorizedto bindthe CooperatingBrokerage)
The trademarks REAITOR®, REALTORS®, MLS®,Multiple Liriing Services®and associated logos are owned or controlled by The Canadian Real Estate Association (CREAJ and identify the real estate professionals who are inambers of CREA and the ISflSr quality of services they provide. Used under Rcense.
©2019, OntarioReal EstateAMociation [“OREA’}.All righh reserved. Thisform wasdeveloped byOREAfor theaw and^reproduction ih members and licensees only. Any other use or rBprdSuclipn is prohibited except with prior wnlten consent ofOREA. Do not alter whenprintingorreproducingthestandardpre-setportion.OREAbearsno liabilityForyouruseofthisform.
Form 500
Revised 2019
Page 5 of 6
WEBFoims«Dec/Z018
DOCUSIgn Envelope ID: 6CD04941-75FD-4D49-B075-2795D8430D80
OntarioRealEstate Schcdul® A Association
3
.
_.
.
-.
of Purchase and Sale -
“.
.
Form 500 for use in the Province of Ontario
This Schedule is attached to and forms part of the Agreement of Purchase and Sale between: BUYER: . Til e. co^oratlPn.
of.t^e..TO’^UP. O.^..S.OUfe..Fronte!^”..
and
“——–””"""——–""""—–"""""
SEllER: Holiday Couutry Manor toe………………………………………………………………………………………………………………………..^ forthe purchase and saleof
5229 Battersea Road …………………………. TownshlE. o.f.south. Fr9ntenac?..F
south Frontenac^ …………………………… dated the . 16
day of October …………………….
- 20
Buyer agrees to pay the balance as follows:
TheBuyer agreesto paythebalance ofthepurchase price, subject to adjustments, tothe Sellers oncompletion ofthis transaction, with funds drawn on a lawyer’s trast account in the form ofa wire transfer using the Large Value Transfer System.
TheBuyersandSelleragreetotheuseofelectronicsignatarespursuanttotheElectronicCommerceAct2000, S.O. 2000,C17withrespectto thisAgreementandanyotherdocumentsregardingthistransaction. BUYER CONDITION:
This offer is conditional upon approval ofthepurchase contemplated herein by the Council ofthe Township of SouthFrontenac. Unless theBuyer gives written noticeby 12pmNovember 5, 2020thatthis conditionhasbeen fulfilled this offer shall become Null andVoid andthe Buyer’s deposit retained in fall without interest or deduction. The Sellers warrant that to the best oftheir knowledge and belief the property is not subject to any environment contamination of any nature.
The Sellers agreeto leavetheproperty in a kept condition, freeofallrubbish, debris, andanyother items saveandexceptfortheexistingdockdesignatedto theproperty asofthedateofacceptance ofthis agreement ofpurchase sand sale.
The Buyer and Seller confirm that in the event the Buyer condition is fulfilled prior to the condition due date
thepartiesagreetoadvancethecompletiontonosoonerthan10businessdaysfollowmgtheBuyercondition
notice offulfiUment beingdelivered. Suchadvancement shallbeexecutedbetweenlawfirms representing the Buyer andthe Sellers by an exchange ofundertakings.
This form must be initialed by all parties to the Agreement of Purchase ynd-Sule. INITIALS OF BUYER(S):
INITIALS Of SELLERS(S):
Thetrodemorks REALTOR®,REALTORS®,.MLS®,Multiple listing Services®andassociated kgos are, owned^cpnlrolled by the Canadian Real Estate Auociotion (CREA) and idenlify ihe real estate pn>fe*siona1swha are memberaotCKEAand the
fSwmr qualilyofsarvicestheyprovide.Usedunderlicense. ©2019, Ontario Real Estate ^sociatio^ FOREA*). All rights reserved.. Thi* form was developed by OREA for the i"S, a"d,raproduction ^ti members andliceTuew only. An^ other use or rep’oaucKon j* Prohit)ite^S’(ceiPtwlthPnor^t!e^consentotoItEA- Donotaltor wn printing or reproducing thestandard pre-set portion. OREAbears nu liabilityforyourwe ofthisform.
Form 500
Reviled 2019
Page 6 of 6
WEBForms®Dec/201S
