https://barrie.ca.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3332367&GUID=2EACC7E4-E597-45CA-8B76-031D516B9199Legistar15https://barrie.ca.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3332367&GUID=2EACC7E4-E597-45CA-8B76-031D516B91992EACC7E4-E597-45CA-8B76-031D516B9199-2023-02-22-19-46-41Title: SALE OF CITY OWNED INDUSTRIAL LAND 44 HOOPER (WARD 8) 1. That the City Clerk be authorized to execute the Agreement of Purchase and Sale between the City and Darvon Sales Inc. for the 2.5 acre parcel of City owned industrial land described as Lot 5 on Plan 51M-378 and known municipally as 44 Hooper Road (the Property), for the purchase price of $220,000 subject to the following terms and conditions: a) The Purchaser agrees that it is purchasing the Property in its present condition “as is” and further acknowledges and agrees that it will conduct such tests as it deems necessary to determine to its satisfaction, that the soil conditions for the property are satisfactory to support the development and construction of the building and other structures contemplated for its proposed use of the property; and b) The Purchaser acknowledges the Purchase Agreement incorporates the City’s standard preliminary development agreement which in part stipulates the following: i) The Purchaser will, within twenty four (24) months of registration begin construction of the industrial complex, and cWed, 22 Feb 2023 19:46:41 GMT