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July <br /> <br />BETWEEN: <br /> <br />THIS I~NTURE made in dupliCate <br /> , 1979 <br /> <br />THE CORPORATION OF THE COUNTY OF ESSEX <br /> <br />hereinafter called the County, <br /> <br />day of <br /> <br />OF THE FIRST PART: <br /> <br />-and- <br /> <br />THE CORPORATION OF THE TOWN OF LEAMINGTON <br /> <br />hereinafter called respectively <br /> TOWN OF LEAMINGTON, <br /> <br />OF THE SECOND PART: <br /> <br /> WHEREAS the Council of the County has requested the Ontario <br />Housing Corporation to provide rental housing accommodation for <br />Senior Citizens resident in the County. <br /> <br /> AND WHEREAS there is a need and demand for twelve (12) units <br />of senior citizens housing to be located in the Town of Leamington <br />at 14-20 Pearl Avenue. <br /> <br /> AND WHEREAS it is deemed advisable that the Corporation of <br />the County of Essex enter into an agreement with the said Municipality <br />of the Town of Leamington, whereby the Corporation of the County of <br />Essex will make a grant to the said Municipality in the amount <br />equivalent to the 7.5% of operating losses and the local improvement <br />costs assumed by the said Town of Leamington, by agreement with the <br />Ontario Housing Corporation, for the rental housing units built in <br />the said Town, by the Ontario Housing Corporation, within their <br />boundaries, as approved by the County Council, by resolution, in open <br />Council. <br /> <br /> NOW THIS INDENTURE WITNESSETH that in consideration of the <br />premises the parties hereto covenant and agree as follows: <br /> <br />The County covenants and agrees to pay from year to year <br />the grant for the purpose as noted above to The Town of <br />Leamington for twelve (12) units. <br /> <br />· Cont'd. <br /> <br /> <br />