Special Council

That: Council authorizes and approves the entry into an Agreement of Purchase and Sale with 1939555 Ontario Inc. for the lands described as Part of Lot 6, Concession 5, Niagara River, formerly in the Township of Bertie, now in the Town of Fort Erie, being part of PIN 64238-0100 (LT) and all of PIN 64238-0066 (LT), subject to an Easement in favour of The Bell Telephone Company of Canada registered as Instrument Number BE43910, and containing approximately 5 acres, for the amount of $30,000 per acre plus H.S.T. ($150,000.00), subject to an adjustment if necessary once the Reference Plan describing the lands is prepared at the Town’s expense, and subject to the following conditions: Special Council - 28 Jul 2016 Meeting Minutes I a) A “Right to Re-Conveyance” clause in the Agreement and secured on title, providing that the Town may exercise a right to a re-conveyance of the entire Property in the event the Purchaser fails to: 1. Enter into a Site Plan Agreement with the Town for the development of the Property including a 15,000 square foot industrial building for the manufacture of steel framed expanded polystyrene resin (EPS) injected building panels under the Greenstone Structural Solutions trade name, within one (1) year of registration of the Transfer of the Property from the Town to the Purchaser; OR 2. Construct and occupy the industrial building on the Property within two (2) years of registration of the Transfer of the Property from the Town to the Purchaser. and b) A “

That: By-law No. 89-2016: To Authorize the Sale of Lands in the Fort Erie Business Park on the South Side of Commerce Parkway (1939555 Ontario Inc. - Bruce Ward) is given first and second reading. (

That: By-law No. 89-2016 is given third and final reading to be signed by the Mayor and Clerk under the corporate seal. (

That: By-law No. 90-2016: To Confirm the Actions of Council at its Special Meeting Held on July 28, 2016 is given first and second reading. (

That: By-law No. 90-2016 is given third and final reading to be signed by the Mayor and Clerk under the corporate seal. (

That: Council adjourns at 5:37 p.m. to reconvene into a Regular Meeting of Council on August 22, 2016. (