HomeMy WebLinkAboutBy-law No. 2004-026 By-law 2004026
A By-law to Enter into an Extension Agreement
Page of 6
THE CORPORATION OF THE MUNICIPALITY OF BAYHAM
BY-LAW NO. 2004- 026
BEING A BY—LAW to authorize the execution of a tax arrears extension agreement pursuant to
Section 378 of the Municipal Act, 2001.
WHEREAS the Corporation of the Municipality of Bayham registered on the 10th day of April,
2003, a tax arrears certificate against the land described in Schedule "A" attached hereto and
forming part of this By—law;
AND WHEREAS Section 378 of the Municipal Act, 2001 provides that after the registration of a
tax arrears certificate and before the expiry of one (1) year following the date of the registration of
the tax arrears certificate, a Municipality or Board may by By—law authorize an extension
agreement with the owner of the land, the spouse of the owner, a mortgagee or a tenant in
occupation of such land to extend the period of time in which the cancellation price in respect to
the Owner's land is to be paid;
AND WHEREAS the statutory period within which such a By-law may be enacted has not
elapsed;
NOW THEREFORE the Council of the Corporation of the Municipality of Bayham enacts the
following as a By—law:
1. THAT an agreement be entered into by The Corporation of the Municipality of Bayham
with Michael Gordon McQuiggan and Dianne Karen McQuiggan, the Owners of the land
described in Schedule "A" to extend the time period in which the cancellation price
payable on this land is to be paid on the terms and generally in the form of Schedule "B"
attached to this By-law;
2. THAT the agreement be in substantially the same form and contain the same terms and
conditions as set out in Schedule"B", a copy of which is attached hereto.
3 THAT the Mayor and Clerk be and are hereby authorized and directed to enter into the
agreement on behalf of the Corporation;
3. THAT this By—law shall come into force and take effect upon the final passing thereof.
READ a FIRST and SECOND time this 18th day of March, 2004
READ a THIRD time and FINALLY PASSED this 181h day of March, 2004.
� . � dig
Y CLERK
10