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HomeMy WebLinkAboutBy-law No. 2004-076 I, THE CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW NO. 2004-076 A BY-LAW TO AUTHORIZE THE EXECUTION OF AN AGREEMENT BETWEEN THE CORPORATION OF THE MUNICIPALITY OF BAYHAM AND THE CORPORATION OF THE TOWN OF TILLSONBURG AND AIM POWERGEN CORPORATION FOR A UTILITY CORRIDOR OPTION AGREEMENT WHEREAS the Corporation of the Municipality of Bayham is a joint owner with the Corporation of the Town of Tillsonburg of lands described as former CPR rail lands within the Municipality of Bayham and the County of Norfolk; AND WHEREAS the Councils of the Corporation of the Municipality of Bayham and the Corporation of the Town of Tillsonburg are desirous of granting Aim PowerGen Corporation an option to acquire certain easement rights for the purposes of the siting of the AIM Electrical Line over certain lands and premises more particularly described in Schedule"A" attached; AND WHEREAS the Councils of the Corporation of the Municipality of Bayham and the Corporation of the Town of Tillsonburg deem it necessary and expedient to enter into an agreement with AIM PowerGen Corporation; THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF BAYHAM ENACTS AS FOLLOWS: 1. THAT the Agreement attached hereto as Schedule "A" and forming part of this By-law between the Corporation of the Municipality of Bayham, the Corporation of the Town of Tillsonburg and Aim PowerGen Corporation is hereby approved; 2. THAT the Mayor and Clerk be hereby authorized to execute the attached agreement marked as Schedule "A" on behalf of the Corporation of the Municipality of Bayham. 3. AND THAT this by-law shall come into full force and effect upon final passing. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 19TH DAY OF AUGUST 2004. J • .A illA_A:-A 1 Y• ' CLERK