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47-2017 COE purchase from GECDSB (2)
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47-2017 COE purchase from GECDSB (2)
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1/16/2018 10:47:00 AM
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11/17/2017 12:14:59 PM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
11/15/2017
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
47-2017 COE purchase from GECDSB ownership interest in the Essex County Civic Centre
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By-law
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County of <br />Essex <br />The Corporation of the County of Essex <br />By -Law Number 47-2017 <br />A By-law to authorize the purchase from the Greater <br />Essex County District School Board of the Board's <br />ownership interest in the Essex County Civic Centre. <br />Whereas the Corporation has agreed to purchase from the Greater <br />Essex County District School Board its undivided 24.75% ownership interest <br />in the Essex County Civic Centre; <br />And Whereas it is deemed expedient to enter into formal written <br />agreements with the Greater Essex County District School Board in that <br />regard; <br />Now therefore the Council of the Corporation of the County of Essex hereby <br />enacts as follows: <br />1. That the Corporation purchase from the Greater Essex County District <br />School Board that Board's undivided 24.75% interest in the Essex <br />County Civic Centre for a purchase price of $672,000.00, which price <br />was calculated at the rate of $26.10 per square of foot of area <br />occupied by the Greater Essex County District School Board in the <br />Civic Centre at the time of the purchase. <br />2. That the Clerk of the Corporation be and the same is hereby <br />authorized to execute the 2017 Agreement Regarding 360 Fairview <br />Avenue West, and any and all other documents that may be necessary <br />or appropriate to complete the said purchase, a copy of which <br />Agreement is attached hereto and forms part of this By-law. <br />I This By-law shall come into force and take effect after the final <br />passing. <br />
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