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87-28 :f!i f I , COUNTY OF ELGIN By-Law No. 87-28 "BE.I NG A BY-LAW TO ACCEPT AN AGREEMENT OF PURCHASE AND SALE FOR THE COURT HOUSE BLOCK. " WHEREAS the Council has determined and by this by-law does confirm that its property commonly referred to as the Court House Block, situate South of Wellington Street, East of Stanley Street, North of Gladstone Avenue and West Df Metcalfe Street is no longer required for the purposes of the. Corporation. AND WHEREAS Council has received an Offer to PLlrchase in the form entitled "Agreement of Purchase and Sale" from THOMAS CROSSMAN wherein the sum of $1,040,000.00 is being offered for the said lands and buildings referred to herein, upon terms and conditions contained in the said offer and Counter Offer a copy of which is annexed hereto and marked Appendix "All.. NOW THEREFORE the Municipal Council of the Csrporation of the County of Elgin enacts as follows: 1. That the County of Elgin accept the Offer to Purchase submitted by Thomas Crossman for the sum of $1,040,000.00 upon the terms and conditions as contained in the Agreement of Purchase and Sale and Counter Offer annexed hereto and marked Appendix "All, 2 . That the Warden and the Clerk be authorìzé<i to execute the said Agreement of Purchase and s:'b.le and Cd'unter Offer under the seal of the Corporation. 3 . That the Warden and the Clerk, and upon direction of the Property Committee of Council be and they are hereby author- ized to execute such other document and/or documents required to give effect to this by-law and the sale referred to herein and such other documents ~s cOLlnseLÆor~he Corporation mayadvis~. READ a first time this 20th day of May, 1987. READ a second time this 20th day of May, 1987. READ a third time and finally passed this 20th day of May, 1987 ~ ~ ~ ~<-~ C. Leverton t Clerk - ------ ---- Offer there slWl ¡;;.'iii..dbÌc o.n;..ënt- 01 puñ:bÜe mil sale bet...... 1'Dn:_ ODd V._. ,"O l M '02 VE ............................ pUl'd1;uu SHOULD NOT SIGN THE ORIGINAL OFFER. j ............. purchatcr ...~\-" - .: ~,. ~). ~.;",; ,,- In Witness whereof I set my hand and seal Signed, Sealed and Delivered in the presence of this '\ ..r.I..~.............. have hereunto 1~..~.1. DATED AT ,~J4......... day of The above Offer of the Vendor to my Offer dated ..?ºW..!?~,,ºf...~X.,..}2.??........... ,GIN ~ ..wäro....i;~ .~ ~ en--W'" .....,...,.....,....,..........=.,.. $~ ~"t.U.-.~~..' --' is hereby accepted. " In Witness whereof I have hereunto seUny hand and seal CORPORATIQ Signed, Sealed and Delivered in the presence of ,~.~...w~..... '\ this 20Tli .............. day of MAY ........................h.. 19...??.. DATED AT This Counter Offer shall be irrevocable by the Vendor until the ,..?;!.?r.... day of after wlúch time, if not accepted by the Purchaser and a copy dclivered to the Vendor or Offer shall be null and void and all deposit monies shall be returned to the Purchaser .~x,............... his Agent, this without interest. 19 !E Counter ~ ments PARAGRAPH 6 IS 'ro BE DELETED AND THE FOLLOWING SUBSTITUTED THEREFORE: 6. PURCHASER SHALL BE ALLOWED 30 DAYS NEXT ,FOLLOWING THE DATE OF ACCEPTANCE THIS OFFER 'ro: E)()\MINE THE TITLE 'ro THE PIDPERI'Y AT HIS OWN EXPENSE, 'ID SATISFY HIMSELF THAT THERE ARE N:) OUTSTANDING IDRK ORDERS AFFECTING THE PIDPER!'Y, THAT ITS PRESENl' USE MAY BE LAWFULLY CONTINUED AND THAT. THE PRIOCIPAL BUILDING MAY BE INSURED AGAINST RISK OF FIRE. OF The Vendor accepts the attached offer exceptions and/or additions. and all its terms and conditions subject to the following amend- ,::rn~..ç; property known as: ...COURT...HOUSE. Dated' MAY 14 ........................................., 19 87 ......... r " ! , and THE..CORroBATION..OF."THE,.CQUNrY,..OF.,ELGUj Attached to and forming part L.:OUNTER OFFER of Offer to Purchase 'between , , :" 8. 7, 5. 6, Purcbuer ..lIIIow....... bav'", Inspected Ibe property prior to submlttlactbla Oller"" uad_ tbat _ Veador ....... ibis Oller Ibe.. sball be . blnclloa _meat of purcbue aad sale botwooa Pare..... .... V.odor. This Afreement sball be completed on the. po......on of the property sball be ¡iven to ¡;>.\.J,:¡;.G,h.a.s,~.r.,..a.g,r.ees.",t.Q...a.s.s.J.URe....pr.~.S.ent.,..tena.rits Vendor and Purchaser .gree th.t there is no condition. expr... or implied, representation or warranty of any kind th.t the future .... of the property by Purchaser is or will be lawful except as may be specifically stipulated hereunder. NIL may be lawfully Purchaser shall be allowed the .3..0. days at his own expense, to satisfy himself tbat there are .....30,th.... day of",.. ........NQ.v.ember.......... Purchaser unless otherwise provided as follows: continued, and that the principal buildina may be insured against . removal of conditions next following th~dllI6~iItJO!aKìIo::llrtrtKto: examine the title to no outstanding work orders affecting the property. that its pr.sent use risk of fire. the property intended Purchaser agrees that this Offer shall be irrevocable by him until 19 ,8.7...... after whi.h time. if not accepted. this Offer shall be interëst õr deduction. .. 11:59 p,m, on the ......J.f3.t.. day of ...J.\lne.. . null and void and the deposit shall be returned to Purchaser without 19. .8.7. Upon completion, vacant 4, 3. Purchaser and Vendor agree that all existing fixtures ......,...................JUL....., the 'following chattels are included in the purchase price: and The Vendor covenants and agrees to assist the Purchaser in negotiating lease renewals with the present tenants that are included in the purchase .<>.11 price exce'pt those .............. .... mg,j,Ptené!nGe...aqµ,j,pment ¡sted hereunder: 2 d Respect the historic significance of the Court House building and, in all renovations, to maintain the e~terior architectural nature of the bui¡ding ii Retain and employ the two County Maintenance employees for a period of not less than three. (.3) years from the closing date provided that the present services sLlpplieÇl by,' these two employees is continued in a competent manne.r i 2 c On closing On closing the Purchaser agrees shall assign all existing leases to provide his written Undertaking to 2 b , This Offer may be terminated by the Purchaser if he is unable to obtain Mortgage financing satisfactory to him, on or before August 14, ~~87. In the event satisfactory Mortgage financing cannot be obtained by this date, this Offer shall be n\l11 and void and the deposit shall be returned to the Purchaser without interest or deduction. This condition may be waived by the PLlrchaser at his option the Vendor to the Purchaser 2 a 2. Purchaser agrees to pay a further deposit of TWENTY THOUSAND DOLLARS upon removal of the financing condition contained herein this offer .rJy.¡;:H+'HQµ~l>NP:::::::::ë::::::::: cash! cheque payable to V endor'~ as a deposit to be held by him in trust and'to be credited towards the Purchase Price on completion. $20.000.00 Dollars (S, ë:::ëë5 ,.000., 0 0) pending completion or other tetminationof this Agreement QNE...MIL.¡'IQN.,...FQR'J,'Y ..îHQ.U8ANP::::::.7'.:::::::::.7'.:::::: on the following terms: 1.. Purchaser submits. with Canadian Dollars THOMAS CROSSMAN PURCHASER, HHHH""'''''.......".."......''""....·''........·H..'' . offers to buy from THE COUNTY OF ELGIN VBNDOR. ."".""H""'.."'."""'''''''''''.''''''''''......H''''.''''''. lIiXiII~fIáX X~:K,'''".."..,.."''',.."'''''''''"...,,'',,.....................,....,,.:....."....H'''....."......... .................... . the following PROPBRTY: franlin, on the ...,.¡¡.9.1JthH.. side of .H..W~.J,:L,i,.ngt.9.n...~.t.:¡;-.~~t known municipally as ...tÞeò...ElginH ¡ìPt~,ç()].mty"R.,'ªg;i,¡;;t;ryQtf',i,ç~..ªnª,çqµ¡;::t:ªº)Jê~"I.."JtltXHªn4,,ªppµ¡;:t~n.ªI1,:t:H þµ:i,14:LIl,gs Mü[]IH'ItI¥X~X., ................. ................ :IIW(~of ........................................ 1XiXIKðf~~X. b~.in!;J..al.¡,.oJH:the..¡ands....boJ.md~,d"by..w.el1JngtQP~tx.eetHQn..theNQ:!;'th,MetGé!lfe S.tr.~.e.:t".,Q,n.,,:th~....Eas.t.,....Gl.ªdl>t.Qn;;¡...M:enµa... .Qn...t.he...sQµth.. .aml...S.tg\ll.ey ...s.t:r.:e.a.t....Qn.. tha....w.el>t... at the PURCHASB PRICE of " AGREEMENT OF PURCHASE AND SALE APPENDIX A (SCan. I .,. 040 .,. 000.00) fo\'rn1 Vendor's Telephone !"J\,. I Solicitor No. Purchaser's Telephone Box 1033, Grand Bend, Ont 'N'öiYi"Ifö'" """ ,."....... ,."" ,.., ".,...,.,."...". No 238-8871 . . """"'"''Ö':'''L'''Ïi.Ich'äièi'šoÏi''''' "'~~'î'~W~~'~rï,;§m~n~ef London, Ont N6B 2P5 672-2121 Solicitor Address: Address: ............... (Purchaser) 1 VendOr) Vendor) D.te"M.ªY. D.te..l:1.élY .Date. I acknowledge receipt of my signed copy of thisacceptect Agreeme¿t Pl!f.-chase~n9 ~, and direct the agent to forward a copy to my solicitor. ~&-~..ø'~,-___ )May 14/87 .............................................. ...Dale............. ..... Thomas (Pe't'ß<~ sman I acknowledge receipt of my signed Purchase and Sale. and direct the agent copy of this accepted Agreement .of to forward a copy to my solicitor. ACKNOWLEDGEMENT of Witness Act, 1978,5.0. 1978, c.2, as the same may be amended In consideration of the sum of One Dollar ($1 Vendor hereby agrees with the Purchaser that evidenced herein. Spouse from til)1~ to time. .00), the receipt 'of which he I she will execute from the Purcha 'lãental documents ledgea, the undersigned spouse of the to give full force and effect to the sale .p.¡;:.~, " (Vendor) . Date"r.1,~x. ..D.te,)1.~y. /87 I?.7.. SIQNED, SEALED AND DELIVERED in the presence of: N WITNESS whereof 1 have hereunto set THE COUNTY OF ELGIN PER: ........ (Vendor) my hand and seal: DATED ., to pay him on the date above commission may be.d St Thomas, fixed for completion, - The Ontario o the above mentioned sale price, which :vocably instruct my Solicitor to pay direct to the said Agent any unpaid balance unâersign~d acc~pts th~ abov~ Off~r. this. .day May 9, 87 ....... Purchaser) ~." .AØ" ~~~,,:Z¿::.ç~._----/ . ...~..,........,............................................ Thomas CrossmaríPurchaser) .D.te,J1;;¡.y".l~Ia,7, ..Date.. IN WITNESS whereof have hereunto set my hand a'pd seal: DATED at. 9, 8, 7 6. Unearned fire insurance premiums of any policy to be assigned pursuant to paragraph IS herein, rents, mortgage interest, taxes, local Improvements. water and assessment rates and the cost of fuel shall be~apportioned and allowed to the date of completion (the: day itself to be apportioned to Purchaser)." The deed or transfer shall, save for the land Transfer Tax Affidavits, which shall be prepared and completed by the Purchaser, be, prepared in registrable form at the expense of Vendor and the Mortgage at the expense of Purchaser. . ~. Time shall in all respects be of the essence hereof provided that the time for dOing or completing of any matter provided for herein may be extended or abridged by an agreement in writing signed by Vendor and Purchaser or by their respective solicitors who are hereby expressly appointed in this regard. Any tender of documents or money hereunder may be made upon Vendor or Purchaser or their respective solicitors on the day for completion of this Agreement. Money may be tendered by bank draft or èheque certified by a chartered bank, trust company or Province of Ontario Savings Office. This Agreement shall constit~te the entire agreement between Purchaser and Vendor and there is no represent~tjon,warranty, 'collateral agreement or condition affectmg this Agreement or the property or supported hereby other than ·.as expressed herein In writing. This Agreement shall be read with all changes of gender or number required by the context, );,ç¡.n9. pn.,... .Q!:1:\; q.+:.i. Q. this. .;I,.A.t.n. .dayof. .~.ªy. 19".8.7. 5, 4, Fire Ißsurance shall be assigned to the· Purchaser on closing subject to the consent of the insurer having been obtained to such assignment, and the vendor shall supply to the purchaser at least five (5) days before the completion date details of any such policy to be so assigned." Purchaser shall: be. credited towards the Purchase Price with the amount, if any; which it shall be necessary for Purchaseno pay to the Minister of National Revenue in order to satisfy Purchaser's liability ¡nrespect of tax payable by Vendor under the non-residency provisions 'of the Income Tax Act by. reason of this, sale". Purchaser shall not claim such credit if Vendor delivers on completion the prescribed certificate or his statutory declaration that he is not then a non-resident of Canada. 3. r--.c 2. 0, 9. Provided ¡hat the tille to the properly is good and free from aU encumbrances except as aforesaid arid except for any registered 'restrictions or covenants thai run with the Jan,d providing that such are complied ~ilh and except for any minor easements to public ulilities required for the supply of domestic utility services to the property. If within the time allowed for examining the title any valid objection to title, or to any outstanding work order. or to the fact the said present use may nOI lawfully be continued. or that the principa,1 building may notbc insured against risk of fire ¡!Ii made in writing to Vendor and which Vendor is unable or unwilling to remove, remedy or satisfy and which Purchaser will not waive, this Aareement, notwithstanding any intermediate acts or. negotiations in respect of such objections. shall be at an ~nd :and all monies theretofore l'I'id shall be returned without interest or deduction and Vendor and Vendor's Agent shall not be liable for any costs or damages, Save as to any valid objection so made by such day and except for any objection going to the root of the title, PurchasershalJ be conclusively deeme.d to have accepted Vendor's title to the property. < Purchaser shall not call for the production of any title deed" abstract, surveyor other evidence of title to the property except such as are in the possession. or control of Vendor. Vendor agrees'that, if requested by the purchaser, he will deliver any sketch or survey of the property in his possessiQn or within. his control to Purchaser as soon as possible and prior to the Jast day allowed for examining title. All buil~ings on the property and all other things ~g purchased shall be and remain until completi,on 'at the risk of Vendor. Pending compleuon, Vendor shall hold .all insurance policies, if any, and the proceeds thereòf in trust for the parties as their interests may appear and in the event of substantial damage, Purchaser may either terminate this Agreement and have aU monies theretofore paid returned without interest or deduction or' else take the proceeds of any insurance and complete the purchase. Provided that this Agreement shall be effective to create .aninterest in the property only if the subdivision control provisions of The' Plannmg Act are complied with by Vendor on or before completion and Vendor hereby covenants to proceed diligently at his expense to obtain any necessary consent on or before completion. We ;;'1; ','S ,;?WWI'M~i~J'i-'!~f~{i!. J"''' rr. ~""""""""".A. ~ , . Attached to and forming part of Offer to Purchase ~ctween ...TI!Q!"Jì.\$...Ç.!J9.$.i?MN.!', and TIIE..CORl?OBATWN..OF...TIIE..cOUNL'Y..,Or..ELGLij property known as: ..CO!1RT..HOJlSE...BLD:K........................... .,. .,..,....,..".........,..... ...... '.........." ..",...,'.'"..........""...,."..,......,.....,........,",.......".., Dated' ....,..Nb.¥..)·.~..........................,. 19.,!F... The Vendor accepts the attached offer and all its terms and conditions subject to the following amend- ments·exceptions and/or additions. PARAGRAPH 6 IS TO BE DELETED AND TIlE FDLLOWING SUBSTITUTED TIlEREFORE: 6. PURCHASER SHALL BE ALLOWED 30 DAYS NEXT .FOLLOWING THE DATE OF ACCEPTANCE OF THIS OF'FER 'lD, EXAMINE THE TITLE TO THE PROPERTY AT HIS OWN EXPENSE, TO SATISFY HIMSELF THAT THERE ARE NO OUTSTANDING WORK ORDERS AFFECTING THE PROPERTY, THAT ITS PRESENT USE MAY BE LAWFULLY CONTINUED AND THAT. THE PRINCIPAL BUILDING MAY BE INSURED AGAINST RISK OF FIRE. This Counter Offer shall be irrevocable by the Vendor until the ...n!?T..... day of .......~X................ 19 ~.7.... after which time, if not accepted by the Purchaser and a copy dclivered to the Vendor or his Agent, this Counter Offer shall be null and ,void and all deposit monies shall be returned to the Purchaser without interest. WCt:MX ~ DATED AT ..........s.~.,...~~~............................... this ...........2.qTIL................. day of........,~X.................... 19...8.?.. Signed, Sealed and Delivered in the presence of ( In Witness whereof I have hereunto set md! hand nd CORP OF ELGIN ) ........ . ~, o~....·..·.........·........Wärè!ën(~ ·····~~;~,.......'·..ClërK..{~ The above Offer of the Vendor to my Offer dated................?9.TI!..[)b.¥...ºL~X.!..},<:J,??........... is hereby accepted, ';,t;- DATED AT ........................._...................................... this ..................................,..... day of .............................. 19......... Signed, Sealed and Delivered in the presence of t In Witness wheieof I have hereunto set my hand and seal ~~.......................................................................... ~~ ) - , purchaser -'., ............. .................................................................... ~~ witneu ..,...................,..............................................1" .. ::¡.;, purchaser ":.,.' "'.' é; VENDOR SIGNING THIS FORM SHOULD NOT SIGN THß¡ORlGINAL;OFt''ER. "ORM 103 ~~/-e_~~ G. C. Leverton, Clerk.