BEING A BY-LAW TO AUTHORIZE THE EXECUTION OF A SUBDIVISION AGREEMENT FOR “BLUE FAIRWAY AT CRANBERRY TRAIL” BETWEEN MACPHERSON BUILDERS (CRANBERRY) LIMITED, CANADIAN IMPERIAL BANK OF COMMERCE, AND THE CORPORATION OF THE TOWN OF COLLINGWOOD
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 “Blue Fairway at Cranberry Trail” between MacPherson Builders (Cranberry) Limited, Canadian Imperial Bank of Commerce, and the Corporation of the Town of Collingwood, 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 27th day of June, 2016.