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BYLAW - Conveyance of Land - 19920826 - 342292BY-LAW NUMBER 3422-92 OF THE CORPORATION OF THE TOWN OF AURORA BEING A BY-LAW to authorize the conveyance of Town land. WHEREAS the Corporation of the Town of Aurora (the "Town") owns the lands described as follows: Parts of Block J, Plan 514, being Parts 1, 2, 3, 4, 5, 6, 7 and 8, Plan 65R-16014, Town of Aurora, Regional Municipality of York (the "Properties"); AND WHEREAS houses have been constructed on Lots 1, 2, 3 and 4, Plan 514, Aurora, which abut the Properties to the east, and which are known municipally as 52, 54, 56, 58, 60, 64 and 66 Murray Drive, Aurora (the "Residences"); AND WHEREAS it has come to the attention of the Town that fences and other structures have been erected for and with respect to the Residences which encroach upon the said Block J, Plan 514, Aurora, to the extent of the Properties; AND WHEREAS the Properties are no longer required for purposes of the Town, and the Town wishes to convey them to the owners of the Residences for good and valuable consideration so as to eliminate the said encroachments; NOW THEREFORE pursuant to the Municipal Act, R.S.O. 1990, as amended, the Council of the Corporation of the Town of Aurora hereby ENACTS AS FOLLOWS: 1. THAT the Mayor and Clerk of the Town are hereby authorized and directed: (a) to negotiate conveyances of the Properties to the owners of the abutting Residences for the fair market value thereof, and (b) upon payment of the purchase price therefore and the Town's costs and expenses in that regard (including legal expenses), to transfer and convey the relevant Properties to the said owners. 2. THAT the Mayor and Clerk are hereby authorized and directed to execute such deeds, transfers, agreements or other documents as may be reasonably necessary to evidence, transfer and convey the Properties to the said owners. 3. THAT the provisions of this By-law shall not become effective until final passage thereof. READ A FIRST AND SECOND TIME THIS 26th DAY OF AUGUST ' 1992. READ A THIRD TIME AND FINALLY PASSED THIS 26th DAY OF AUGUST ' 1992. L J.~ G. TIMPS~t DEPUTY MAYOR K L.