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BYLAW - Transfer Reserve to Magna - 20030325 - 441803LTHE CORPORATION OF THE TOWN OF AURORA By-law Number 4418-03.L BEING A. BY-LAW to authorize a conveyance of land to 1207309 Ontario Inc. (0.3 metre reserve). WHEREAS the Municipal Act, R.S.O. 1990, Chap. M.45, as amended authorizes the Council of a local municipality to pass by-laws for disposing of municipally owned land; AND WHEREAS the municipal Council of the Corporation of the Town of Aurora deems it necessary and expedient to convey certain lands back to the original owner, 1207309 Ontario Inc., as the subject reserve is no longer required for municipal purposes; AND WHEREAS the provisions of the Municipal Act and Land Sale By-law 4255-01.A have been complied with; NOW THEREFORE THE MUNICIPAL COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA ENACTS AS FOLLOWS: 1. THAT the lands described on Schedule "A" hereto be declared surplus by the municipal Council of the Corporation of the Town of Aurora. 2. THAT Council does hereby authorize the conveyance of the lands described on Schedule "A" hereto to 1207309. Ontario Inc. on the terms and conditions set out in Town of Aurora Report ADM03-009. 2. THAT the Mayor and Clerk are hereby authorized to execute all documentation required in connection with the conveyance thereof. 3. THAT the provisions of this By-law shall come into force and take effect upon third reading thereof. READ A FIRST, SECOND AND THIRD TIME THIS 251h DAY OF MARCH, 2003. By-law No. 4418-03.L Page2 Schedule "A" All and singular the following lands and premises situated in the Town of Aurora, Regional Municipality of York: Block 13, Plan 65M-3436