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BY-LAW NUMBER /57 OF 1994 OF THE CITY OF SARNIA

"A By-Law to Authorize a Lease Agreement with Polysar Rubber Corporation"

WHEREAS it is deemed expedient that The Corporation

of the City of Sarnia enter into a Lease Agreement with

Polysar Rubber Corporation.

NOW THEREFORE the Municipal Council of The

Corporation of the City of Sarnia enacts as follows:

1.

2.

3.

The Corporation of the City of sarnia is authorized

to enter into a Lease Agreement with Polysar Rubber

Corporation, in the form of the Lease Agreement a copy of

which is annexed to this By-Law.

The Mayor and Clerk are authorized to execute such

Lease Agreement and to affix to it the Corporate Seal of

The Corporation of the City of Sarnia.

This By-Law comes into force and effect upon being

finally passed.

FINALLY PASSED this 3:,1 day of {)J::~ , 1994.

~ Mayor

,. .,

This indenture made this day of ,1994.

B ETW EN:

POL YSAR RUBBER CORPORATION ii iI ((hereinafter called "the Lessor")

Ii OF THE FIRST PART

il -and-

II Ii THE CORPORATION OF THE CITY OF SARNIA

II (hereinafter called "the Lessee")

OF THE SECOND PART

WHEREAS the Lessor Is the registered owner of land in the City of

Sarnia, County of Lambton more particularly described as Part 1 on the sketch

attached hereto as Schedule "A" (hereinafter called the "Land");

AND WHEREAS the Lessor has agreed to lease the land to the Lessee for

the purpose of erecting or installing traffic Signal equipment and a public transit

bus shelter, on the terms and conditions hereinafter contained;

WITNESSETH that in consideration of the rents, covenants and

agreement hereinafter reserved and contained on the part of the Lessee, the

Lessor demises and leases unto the Lessee, its successors, administrators and

assigns the "Land";

TO HAVE AND TO HOLD the said demised premises for said purpose for

and during the term of ninety-nine (99) years to be computed from the 1 st. day

of January, 1994, and thenceforth next ensut'ing and }uJJ'i to be complete and 1·1.r:~

ended on the 31 st. day of December, 2092.

-'A,,r? ~ YIELDING AND PAYING therefor" yearly and every year during the said

term unto the Lessor, its successors and assigns, the sum of ONE DOLLAR

($1 .00) to be payable on the 1 st. day of January in each year of the said term,

the first of said payments to become due and be made on the 1 st. day of

January, 1994.

The said Lessee covenants with the said Lessor to pay rent and to pay

all taxes, costs, outlays and expenses of any nature and kind whatsoever

relating to or affecting the demised premises.

-2-

PROVIDED that the said Lessee may remove its fixtures and any

: buildings it may have erected upon the Land and shall repair any damage to the

Land or surrounding lands resulting from any such removal.

AND PROVIDED that this Lease may be terminated by either party at any

time on giving to the other party ninety (90) days' notice of termination, such

.. notice to be given in writing sent by prepaidregistEired mail to the usual or last

known business address of the other party. Upon such termination the Lessee

shall proniptly remove its fixtures and any buildings or structures it may have

erectlild upon the Land and shall repair any damage to the Land or surrounding

lands resulting from such removal.

IT is UNDERSTOOD AND AGREED that the Lessee shall at its own

expense keep the demised premises and any structure thereon in good and

clean condition and in a good state of repair and free of refuse or litter.

AND IT IS FURTHER UNDERSTOOD AND AGREED that the Lessee shall I'

!\ indemnify and save the Lessor harmless from all actions, suits, claims, and

I; demands which may be brought against the Lessor and from all loss, costs,

damages and expenses sustained or incurred in consequence of the Lessee's

use and occupation of the Lands.

The Lessor covenants with the Lessee for quiet e£)joyment.

IN WITNESS WHEREOF the parties have executed this Agreement.

POLYSAR RUBBER CORPORATION

THE CORPORATION OF THE CITY OF SARNIA

... ..,.."~ ... '.

i

I

R~OU IRE THIS PLAN TO BE ~?OS I TED UNDER THE REG I STRY : T

~T E tA,,o...e:·\Co ·9l.

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~l ~ lNl fl ~ ~ (P127., RECE'VED AND DEPOS' TED \

DA~E mAf2cl:l Iq Igqc

• LAND REG' STRAR FOR THE FOR 1.11 G I TO , I REG' STRYO, V ' .S 'ON OF LAMB TON i ; .... -- ( NO. 25)

! : lJh'P4 .. TlilS PLAN IS NOT A:. PLAN OF Sf/SO/VISION I JY I Till N TilE MEAN I Nfl OF TilE PLANN / Nfl ACT. " t

I ~ N ! , -! ;.../ ~ <J..

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25 R 572.7 NO. 682726

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PART /1 PLAN 25 R 5297ji (EASEMENT INST. NO. fiS8J41 l fi144J1J

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CITY

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18 i $5IS\. 1188 Q J6' JO"W luSJ (loiS) ..............

29.192 --.:.- II . 000 ~ Nas' 16' 10"

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PAF

AGREMENT

DATED: ,1994

BETWEEN:

POLYSAR RUBBER CORPORATION

-and-

THE CORPORATION OF THE CITY OF SARNIA

THE CITY OF SARNIA Works Policy City Hall Sarnia, Ontario N7T7N2

BY-LAW NUMBER /51 OF 1994 OF THE CITY OF SARNIA

"A By-Law to Authorize a Lease Agreement with Polysar Rubber Corporation"

READINGS:

FIRST: ru. 31, jqqt/. . SECOND: cQc.Y. .31, jqq</-

THIRD: W, .3/, , qq..j.

THE CORPORATION OF THE CITY OF SARNIA (DGM:df) Legal Services City Hall sarnia, ontario N7T 7N2