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BYLAW - Land Conveyance Terra - 20040713 - 456004LTHE CORPORATION OF THE TOWN OF AURORA By-law Number 4560-04.L BEING A BY-LAW to authorize the conveyance of land described as Part of Lot 87, Plan 246 (Terra Aurora Inc.). WHEREAS Section 268 (1) of the Municipal Act 2001, S.O. 2001, c.25, as amended authorizes the Council of a local municipality to pass by-laws for the sale of municipal land; AND WHEREAS the municipal Council ofthe Corporation of the Town of Aurora deems it necessary and expedient to convey certain lands to Terra Aurora Inc. required to accommodate improved access in exchange for the acquisition of certain lands from Terra Aurora Inc. previously approved through the enactment of By-law 4459-04.L; 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 Terra Aurora Inc. on the terms and conditions set out in Town of Aurora Report ADM04-016. 3. THAT the Mayor and Clerk are hereby authorized to execute all documentation required in connection with the conveyance thereof. 4. THAT the provisions of this By-law shall come into force and take effect upon third reading thereof. READ A FIRST AND SECOND TIME THIS 13TH DAY OF JULY, 2004. READ A THIRD TIME AND FINALLY PASSED THIS 13TH DAY OF JULY, 2004. I ----- By-law No. 4560-04.L Page2 Schedule "A" All and singular the following lands and premises situated in the Town of Aurora, Regional Municipality of York: Part of Lot 87, Plan 246 Designated as Parts 1 and 2 On Reference Plan 65R-27176