BEING A BY-LAW TO AUTHORIZE THE EXECUTION OF A SUBDIVISION AGREEMENT FOR “MOUNTAINCROFT SUBDIVISION PHASES 4, 5 & 6” BETWEEN LOTCO II LIMITED, THE CORPORATION OF THE TOWN OF COLLINGWOOD AND ROYAL BANK OF CANADA
For a complete version of this document, including all related materials, download the attached PDF:
WHEREAS Section 51(26) of the Planning Act, R.S.O. 1990, c. P.13, delegates authority to local municipal councils for matters within their jurisdiction to enter into agreements thereunder;
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF COLLINGWOOD HEREBY ENACTS AS FOLLOWS:
1. THAT the Mayor and Clerk be hereby authorized to execute a Subdivision Agreement for “Mountaincroft Subdivision Phases 4, 5 & 6” between Lotco II Limited, the Corporation of the Town of Collingwood and Royal Bank of Canada, attached hereto as Schedule “A”;
2. THAT this by-law shall come into full force and effect on the date of final passage hereof at which time all by-laws that are inconsistent with the provisions of this by-law and the same are hereby amended insofar as it is necessary to give effect to the provisions of this by-law.
ENACTED AND PASSED this 25th day of April, 2016.