Posted May 6, 2025, 8:05 PM
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Registered User
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Join Date: Dec 2024
Posts: 1,044
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Regarding 324 Charlotte and Mr Lafford, this was mentioned briefly in council's meeting last night.
Quote:
City entered into an Agreement of Purchase and Sale with J.N. Lafford Realty Inc. with respect to PID 55147482. More time is required, following title diligence, to ensure that the transaction can go ahead. The purpose of this report is to seek authority for the City to amend the timelines at sections 2.2 and 2.6 of the Agreement of Purchase and Sale with J.N. Lafford Realty Inc.
COUNCIL RESOLUTION
That the City extend to June 30, 2025, or other such date as agreed by the Chief Administrative Officer, the timeline set out at section 2.6 and the date for the payment of the deposit at section 2.2 of the Agreement of Purchase and Sale between the City and J.N. Lafford Realty Inc. dated February 19, 2025, and that the Mayor and Clerk be authorized to execute any document necessary to effect this extension.
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