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TOWN OF BRIDGEWATER LAND SALES & PRICING POLICY
Commercial and Industrial Lands
Policy No. 110
Approved: May 24, 2022
Amended: 24 November 2025
Resolution#: 22-131
Resolution#: 25-221
1.
PURPOSE
The purpose of this policy is to define the Town's land sales process and clarify how the Town
of Bridgewater determines and periodically adjusts the selling price of lands zoned for
commercial or industrial use (based on prevailing market conditions, demand and costs
associated with the development and sale of land) therein to facilitate new employment,
business creation and industrial or commercial growth.
2.
SCOPE
2.1
Land owned by the Town of Bridgewater and zoned for commercial, business or
industrial use, fall within the scope of this policy.
2.2
Council may periodically add other lands to the scope of this policy.
2.3
All employees of the Town of Bridgewater and contract professionals involved in
the sale of Town-owned lands fall within the scope of this policy.
3.
DEFINITIONS
-
CAO | Chief Administrative Officer of the Town of Bridgewater.
-
DEVELOPMENT | Any erection, construction, alteration, replacement or relocation
of or addition to any structure and any change or alteration in the use made of
land, buildings or structures.
-
COMMENCEMENT OF CONSTRUCTION | Issuance of Building Permit.
-
SUBSTANTIAL COMPLETION | Issuance of Occupancy Permit.
-
COMPLETION OF CONSTRUCTION | Completion of the Development, including
building, required inspections and approvals, and additional items such as
landscaping, paving and curbing, and fencing as required.
-
LOT(S) | means any parcel to be created by the filing of a plan of subdivision.
-
LOT PRICE(S) |The cost of a Lot that will be charged to a Buyer, under an
Agreement of Purchase and Sale exclusive of the Harmonized Sales Tax or Deed
Transfer Tax.
-
BUYER | Person or entity that is the recipient of commercial or industrial lands in
the Town of Bridgewater through an Agreement of Purchase and Sale with the
Town.
Policy 110 - Land Sales & Pricing Policy - Commercial & Industrial Lands
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-
SELLER | The Town of Bridgewater as Owner of commercial and industrial lands
for sale in the Town of Bridgewater.
-
PLAN OF SURVEY | Legal description of land or survey plan that has or shall be
registered with the Nova Scotia Land Registry Office.
-
SUBDIVISION | means the division of any area of land into two or more parcels
and includes a re- subdivision or a consolidation of two or more parcels.
-
DATE OF CLOSING | The calendar date on which the land transaction is
completed.
4.
POLICY STATEMENT
4.1
General
4.1.1 The Town of Bridgewater is owner, in fee simple, of vacant commercial and
industrial lands, located within the boundaries of the Town of Bridgewater.
4.1.2 The
Town
of
Bridgewater
encourages
industrial
and
commercial
development of these lands to contribute to the social and economic well-being
and development of the Town.
4.1.3 The
Town
of Bridgewater
will
pursue the
further expansion and
development of its commercial and industrial lands in a well-planned, phased
manner with consideration of the Town's existing and planned service
infrastructure.
4.1.4 The Town of Bridgewater shall allocate the proceeds of all land sales to its
capital reserves and dedicate these proceeds to further investment in
necessary infrastructure to develop future phases and acquisition of
additional lands for the purposes of expanding commercial and industrial
development within the Town.
4.2
Lot Pricing
4.2.1 In accordance with Section 50(5)(b) of the Municipal Government Act, the
Town of Bridgewater sets Lot Prices for commercial and industrial land
based on market value. In addition to market value, Lot Prices are
established as much as possible, to recover the costs of lot preparation,
municipal servicing and street construction and reflect location, site
condition and land deficiencies or constraints. This is indicated in the price
per square meter.
4.2.2 The Lot Price is based on the price per square meter. The area of the Lot, as
determined by the Plan of Survey, multiplied by the Lot Price per square
meter determines the selling price.
Policy 110 - Land Sales & Pricing Policy - Commercial & Industrial Lands
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4.2.3 Lot Prices are approved by the Bridgewater Town Council based on 4.2.1
and 4.2.2 above and reviewed at least once annually to ensure they are
aligned with prevailing market conditions.
4.2.4 Current market value will be determined using property valuation or
appraisal
professionals
and
industry-accepted
methodologies.
Such
assessment activity will consider local land transactions both within and
beyond the boundaries of the Bridgewater Business Park, current pricing in
other industrial parks in Nova Scotia and any other real estate market activity
deemed appropriate.
4.2.5 The Chief Administrative Officer of the Town of Bridgewater, in consideration
of the best interests of the Town, shall determine a Lot Price for the sale of
commercial and industrial Lots when a subdivision process is required prior to
the purchase, or the Lot is more than 12,140.6 square meters (3 acres) in size.
4.3
Real Estate Brokerage Commission
4.3.1 For the purchaser or buyer who chooses to use the services of a registered
real estate professional at "arm's length" to the purchase, the Town of
Bridgewater will pay a real estate commission on the sale of Lots, provided
the real estate broker does not also represent the Town of Bridgewater in
the transaction.
4.3.2 Commission Rate:
a)
The Town of Bridgewater will pay a real estate commission of six
percent (6%).
b)
The real estate brokerage commission will be set by Bridgewater
Town Council and may be changed by a motion of the Council.
c)
The broker shall provide the Town of Bridgewater a copy of their
Nova Scotia Real Estate Broker and Salesperson License from the
Nova Scotia Real Estate Commission prior to the execution of the
Agreement of Purchase and Sale.
d)
If, for any reason, the transaction does not close, the Town of
Bridgewater is not responsible for the payment of the real estate
commission nor is the Town of Bridgewater liable for any other
payments, penalty, action or future consideration to the broker.
4.4
Agreement of Purchase and Sale
4.4.1 The Town of Bridgewater's Chief Administrative Officer, or designate, may
negotiate terms and conditions for the sale of commercial and industrial
Lots that vary from those contained in the Town of Bridgewater Agreement
of Purchase and Sale shown as Attachment A, and in accordance with
clause 5.3, in consideration of the best interests of the Town of Bridgewater,
Policy 110 - Land Sales & Pricing Policy - Commercial & Industrial Lands
Page 4
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including but not limited to what constitutes the value of investment
required by the Buyer, and any timeframes identified for the completion of
the Development. Factors for consideration include employment creation,
long term growth potential, estimated commercial assessment, compatible
nature of the business, and related matters.
4.4.2 The Terms and conditions for the sale of commercial and industrial Lots are
set out in the Agreement of Purchase and Sale and include but are not
limited to:
a)
Deposit:
i)
Purchasers must apply to purchase a lot by completing the
Application to Purchase form shown as Attachment B, a
Schedule to the Agreement of Purchase and Sale, and
submitting a 10% deposit against the final purchase price
within 48 hours of an accepted application.
ii)
The deposit shall be returned to the Purchaser, without
interest, in the event that the Town of Bridgewater fails to
fulfil the Terms of the Agreement.
iii)
The deposit shall be forfeited should the Purchaser fail to
complete the sale in accordance with the terms of the
Agreement of Purchase and Sale in addition to any other
rights, costs or damages that the Town of Bridgewater may
otherwise be entitled to.
b)
The execution of the Town of Bridgewater Buy-Back Agreement
shown as Attachment C, a Schedule to the Agreement of Purchase
and Sale, prior to Closing.
c)
Construction Timelines:
i)
Commencement of Construction for the entire Commercial
Development shall be within sixteen (16) months of
the
execution
date of
the
Purchase and Sale Agreement.
Commencement shall be evidenced by the issuance of a Building
Permit or shall be extended to twenty-four (24) months if a
Development Agreement is required.
ii)
Substantial Completion for the entire Commercial Development
shall be achieved with the issuance of an Occupancy Permit no
later than twenty-four (24) months from the execution date of
the Purchase and Sale Agreement.
iii)
Completion
of
Construction
for
the
entire
Commercial
Development shall be achieved within thirty-six (36) months
from the execution date of the Purchase and Sale Agreement.
Policy 110 - Land Sales & Pricing Policy - Commercial & Industrial Lands
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5.
RESPONSIBILITIES
5.1
Council retains ultimate responsibility for all Agreements of Purchase and
Sale and the conditions and obligations contained therein.
5.2
The CAO may negotiate and include additional items not in conflict with the
specific provisions outlined in Section 4.2, 4.3, and 4.4 and deemed appropriate
for an individual Agreement of Purchase and Sale after consideration of:
a)
Legal Advice;
b)
Best interests of the Town; and
c)
The needs of the potential Purchaser or Buyer.
5.3
The CAO may consider a variance of up to 15% in price calculation, as outlined
in
Section 4.2.1 and 4.2.2, in accordance with market value where conditions evolve or
change significantly within the timeframe outlined in Section 4.2.3. Variances beyond
15% would be referred to Council for approval.
5.4
The CAO and/or their designate, will maintain adherence to this policy in all
transactions and provide recommendations to the CAO with respect to individual
agreements and the application of this policy.
5.5
The CAO and/or their designate shall report all completed land transactions to Town
Council.
5.6
The CAO and/or their designate, shall:
a)
Periodically review and update (at least annually) the following:
i)
Town of Bridgewater Agreement of Purchase and Sale;
ii)
Town of Bridgewater Buy-Back Agreement (Schedule C).
b)
Post the documents outlined in 5.6(a) on the Town of Bridgewater
website for public availability.
A g r e e m e n t o f P u r c h a s e & S a l e - A t t a c h m e n t " A " P a g e | 1
ATTACHMENT "A"
AGREEMENT OF PURCHASE AND SALE
1.
_____________________________________ acting and/or operating under the business
name of __________________________________________ hereinafter called the "Buyer",
having inspected the following described property, hereby offer to buy from the Town of
Bridgewater, hereinafter called the "Seller", that property known as Lot#:
____________________, Bridgewater Business Park, Bridgewater, Lunenburg County, Nova
Scotia (PID#________________ or portion thereof), more specifically described in
Schedule "A" at a price of $__________________ CAD dollars ($000,000.00) plus HST
payable in Canadian funds, subject to the following terms.
a)
The Buyer submits a ten percent (10%) deposit upon completion of the Application
to Purchase, to be held in trust and credited towards the purchase price upon
completion of this Agreement. The deposit shall be returned to the Buyer,
without interest, in the event the Town (the Seller) fails to fulfill the terms of this
Agreement. In the event the Buyer does not complete the Closing of the
Agreement, the Buyer shall forfeit the Deposit in addition to any other claims the
Town (the Seller) may have against the Buy for its failure to complete this
Agreement. The Town (the Seller) is not responsible for the payment of real
estate commissions or any other payments, penalties, actions or future
consideration if, for any reason, the transaction does not close.
b)
Subject to the Buyer arranging financing for the purchase of the property and the
construction of its intended buildings, same to be deemed arranged unless the
Seller or its solicitor is notified to the contrary in writing by (YYYY/MM/DD).
c)
No building or structures shall be used for purposes other than those permitted
by zoning and the provisions of the Land Use By-Laws of the Town.
d)
The Buyer, at its expense, may have a geotechnical assessment or other due
diligence conducted on the property, provided the Seller is given reasonable notice
and consents to the work and the property is returned to the condition it was in
prior to the due diligence. The results of the due diligence shall be deemed to be
satisfactory unless the Seller is notified in writing by (YYY/MM/DD). If notice to
the contrary is provided it shall be accompanied by a copy of any reports on the
due diligence following which either party shall be at liberty to terminate this
Agreement and the Buyer's deposit shall be returned in full without interest or
penalty.
A g r e e m e n t o f P u r c h a s e & S a l e - A t t a c h m e n t " A " P a g e | 2
e)
The Buyer shall obtain all permits, license and approvals including environmental
approvals for construction of its intended development as set out in the
Application to Purchase, attached hereto as Schedule "B".
f)
Executing a Buy-Back Agreement prior to Closing, the required form of which is
attached hereto as Schedule "C".
2.
Vacant possession to be given by the Seller on or before the ____ day of __________, 20__,
A.D. (hereinafter referred to as the Closing Date).
3.
Within ten (10) days of acceptance of this Offer the Seller shall provide, to the Buyer, the
applicable PID(s) for the property whereof the Buyer is allowed seven (7) business days
to investigate title to the property, which the Buyer shall do at the Buyer's expense. If
within that timeframe any valid objection to title is made in writing to the Seller, which
the Seller is unable or unwilling to remove and which the Buyer will not waive, this
Agreement shall be null and void and the deposit herein shall be returned to the Buyer,
and without liability by the Seller for any expenses incurred or damages sustained by
the Buyer.
4.
The Buyer acknowledges that this transaction is subject to Harmonized Sales Tax under
Part IX of the Excise Tax Act R.S.C. 1985, c. E-15 as amended (the "Act"), hereinafter
referred to as "HST", and such HST shall be in addition to the Purchase Price and paid
by the Buyer to the Seller on the Closing Date; provided, however, in the event the Buyer
is an HST registrant on the Closing Date, the Buyer covenants to:
a)
Self-assess and remit any HST to the Receiver General of Canada and/or
provincial agency, if applicable, when and to the extent required by the Act or
relevant provincial legislation and;
b)
Indemnify the Seller for any amounts for which the Seller may become liable as a
result of any failure by the Buyer to pay the HST in respect of the purchase and
sale under the Act and/or other taxes pursuant to relevant provincial legislation
and;
c)
Provide a Statutory Declaration pursuant to S.221(2) of the Act, on closing
confirming its HST registration number under the Act.
A g r e e m e n t o f P u r c h a s e & S a l e - A t t a c h m e n t " A " P a g e | 3
5.
On the Closing Date, the Buyer shall pay the balance of the Purchase Price to the Seller
by certified cheque or solicitor's trust cheque. Interest, municipal taxes and other
matters normally adjusted for properties of this nature, including betterment charges
and capital charges for utility or municipal services, whether billed or not, shall be
adjusted between the Seller and the Buyer as of the Closing Date and paid by the Seller
on or before the Closing Date.
6.
On the Closing Date, the Property shall be conveyed by the Seller to the Buyer by
Warranty Deed drawn at the expense of the Seller and delivered to the Buyer by the
Seller upon payment of the Purchase Price. On the Closing Date, the Seller and the
Buyer shall comply with the applicable provisions of the Harmonized Sales Tax
legislation and the Municipal Deed Transfer Tax and Applicable Infrastructure Taxes.
The taxes to be paid on the purchase of the Property by the Buyer as required by the
Harmonized Sales Tax legislation and the Municipal Deed Transfer Tax and Applicable
Infrastructure Taxes are not included in the Purchase Price for the Property and are to
be paid separately at Closing.
7.
The Property shall be conveyed free from any encumbrances except as to easements,
registered restrictions or covenants that do not materially affect the enjoyment of the
property and except as otherwise provided for herein. The terms, conditions and
covenants contained herein shall survive the closing of this transaction.
8.
Unless otherwise specifically agreed upon in writing by the Buyer and the Seller, the
Property is conveyed on an "as is where is" condition as of the date of Closing.
9.
The Seller and the Buyer acknowledge and agree that the Seller shall not be deemed as
making any representations or warranties to the Buyer with respect to the condition of
the Property. The Buyer shall be solely responsible for carrying out all appropriate site
investigations and ensuring that the Property and the Development on the property are
in compliance with all applicable building and environmental regulations, including,
without limitation the following:
a)
The Buyer acknowledges that the Property may have been rough graded and filled
by the Seller;
b)
The Buyer accepts that there may be significant variations in bearing capacity on
and throughout the site.
A g r e e m e n t o f P u r c h a s e & S a l e - A t t a c h m e n t " A " P a g e | 4
c)
The Buyer shall be solely responsible for carrying out any necessary soil
investigations of the property to determine its load bearing capacity and suitability
for the proposed development on the Property;
d)
The Buyer shall be solely responsible for determining that the property and the
development on the property comply with all applicable building and
environmental regulations; and
e)
That the foregoing representations as to possible variations in soil bearing
capacity, shall not be modified or varied in any manner whatsoever as a result of
any oral or written communication to the Buyer by the Seller, its contractors,
consultants, or other servants and agents. The provision of any information to the
Buyer by the Seller, its consultants or contractors, is a courtesy alone and in no
way relieves the Buyer of its obligations to secure adequate soil testing for its
development.
10.
The Seller, at its expense, will prepare a Plan of Survey and Legal description of the
Property to be conveyed to the Buyer in advance of the Closing Date.
11.
The Property shall be and remain the responsibility of and at the risk of the Seller
pending closing.
12.
Time shall in all respects be of the essence in the Agreement. In the event of a written
agreement of extension, time shall continue to be of the essence.
13.
This Agreement shall ensure to the benefit of, and be binding upon, the parties hereto,
their respective heirs, executors, administrators, successors and assigns.
14.
This Agreement is be read with all changes of gender or number required of the context.
15.
This Agreement shall be interpreted in accordance with the laws of Nova Scotia.
16.
This Agreement shall be read together with, and is not intended to conflict with, the
Application to Purchase and the Buy-Back Agreement. In the event of a conflict between
the terms of this Agreement and the Application to Purchase or Buy-Back Agreement,
the terms and conditions of this agreement shall govern.
A g r e e m e n t o f P u r c h a s e & S a l e - A t t a c h m e n t " A " P a g e | 5
17.
The Seller and Buyer agree to be bound by offers and counteroffers and related
documentation that may be transmitted electronically and that reproductions of the
signatures therein will be treated as originals.
18.
Both parties to this Agreement understand and agree that the terms, conditions and
covenants of clauses 1(c), 1(e), 9, 13, 14, 15, and 16 of this Agreement shall survive
closing.
19.
This offer shall be open for acceptance until _____________ o'clock on the _______ day of
__________________, 20_____.
Dated at ____________________________, Nova Scotia
This ________ day of ________________________, 20______.
Signatures for ___________________________________________
(Buyer Company Name)
_____________________________________________________________
______________________________________________________________
Witness
1st Buyer's Signature
_____________________________________________________________
______________________________________________________________
Printed Name
1st Buyer's Printed Name
_____________________________________________________________
______________________________________________________________
Witness
2nd Buyer's Signature
_____________________________________________________________
______________________________________________________________
Printed Name
2nd Buyer's Printed Name
20.
We hereby accept the above offer and agree to sell on the terms therein set forth.
Dated at ____________________________, Nova Scotia
This ________ day of ________________________, 20______.
_____________________________________________________________
______________________________________________________________
Witness
Seller/Per: Mayor/Deputy Mayor
_____________________________________________________________
______________________________________________________________
Witness
Seller/Per: Tammy CROWDER,
Chief Administrative Officer
A g r e e m e n t o f P u r c h a s e & S a l e - A t t a c h m e n t " A " P a g e | 6
SCHEDULE "A"
PROPERTY DESCRIPTION & PLAN OF SURVEY
T O B B u y - B a c k A g r e e m e n t S c h e d u l e " C " P a g e | 1
ATTACHMENT "C"
SCHEDULE "C" - TOWN OF BRIDGEWATER BUY-BACK AGREEMENT
This BUY-BACK AGREEMENT dated the _____day of ___________________, 20____.
BETWEEN:
TOWN OF BRIDGEWATER, a municipal body corporate
(hereinafter called the "Town")
OF THE FIRST PART
- and -
_______________________________ having a registered office at
____________________, in the County of ____________________, Province
___________________.
(hereinafter called the "Purchaser")
OF THE SECOND PART
WHEREAS by an Agreement of Purchase and Sale dated the ___________ day of
_________________, 20_____, (the "Agreement of Purchase and Sale"), the Town agreed
to sell, and the Purchaser agreed to purchase the property described in Schedule "A"
hereto (the "Property").
AND WHEREAS the Agreement of Purchase and Sale refers to a buy-back agreement,
intending to be the within agreement;
WITNESSETH THAT in consideration of the mutual covenants contained herein and the
consideration of the sum of One Dollar ($1.00) paid by each of the parties hereto to the
other, the receipt and sufficiency of which is hereby acknowledged, the Town and the
Purchaser agree as follows:
A.
DEFINITIONS
In this agreement, the following words shall have the following meanings:
-
Agreement means this Buy-Back Agreement.
-
Agreement of Purchase and Sale means the Agreement of Purchase and Sale
between the Purchaser and the Town dated the ________ day of _________________,
20__.
T O B B u y - B a c k A g r e e m e n t S c h e d u l e " C " P a g e | 2
-
Closing means the closing date as set out in the Agreement of Purchase and Sale
or such other closing date for the sale of the Property as agreed to by the Town
in writing. With respect to a future owner of the Property, "Closing" means the
closing date as set out in the Agreement of Purchase and Sale to which the future
owner is a party or such other closing date for the sale of the Property as agreed
to by that future owner in writing.
-
Commencement of Construction means the issuance of a Building Permit
for the Development.
-
Development means the buildings and other infrastructure the Purchaser
intends to build on the Property as set out in an Application to Purchase dated
the ____ day of _______________________, 20___ or such other development
approved in writing by the Town.
-
Fee means the fee referred to in Clause 9.
-
Property means the property described in the Schedule "A" hereto.
B.
REGISTRATION OF AGREEMENT
1.
This Agreement shall constitute a first charge on the Property which may
be registered as presently constituted or, alternatively, at the sole election
of the Town, a Notice of Agreement will be registered at the Registry of
Deeds against the title of the Property.
C.
MINIMUM VALUE OF DEVELOPMENT
2.
The Development shall ideally result in a total assessed value of all land
and buildings on the Property of at least $350,000 per acre purchased in
the Bridgewater Business Park based on the number of acres purchased.
3.
The Development shall be in accordance with the provisions of the Land
Use By-Laws of the Town. Any changes to the proposed Development shall
be approved in writing by the Town.
D.
COMMENCMENT & COMPLETION OF CONSTRUCTION
4.
Commencement of Construction for the entire Commercial Development
shall be within sixteen (16 months) of the execution date of the Purchase
and Sale Agreement. Commencement shall be evidenced BY the issuance
of a Building Permit or shall be extended to twenty-four (24) months if a
development Agreement is required.
T O B B u y - B a c k A g r e e m e n t S c h e d u l e " C " P a g e | 3
5.
Substantial Completion for the entire Commercial Development shall be
achieved with the issuance of an Occupancy Permit no later than twenty-
four (24) months from the execution date of the Purchase and Sale
Agreement.
6.
Completion of Construction for the entire Commercial Development shall be
achieved within thirty-six (36) months from the execution date of the
Purchase and Sale Agreement.
E.
TOWN'S RIGHT TO BUY-BACK THE PROPERTY
7.
If, no earlier than twenty-four (24) months from Closing, the Purchaser
has not complied with the provisions of Clauses 2, 3, 4 or 5 of the
Agreement, the Town may buy-back the Property.
8.
If the Town elects to by-back the Property, the purchase price shall be the
same price paid to the Town by the first purchaser that purchased the
Property from the Town, less:
a)
the cost of reinstating the Property to its condition at Closing if the
Town, in its sole discretion, decides not to accept the Property in its
condition on the date that the Town decides to exercise its right to
buy-back the Property,
b)
the Town's legal fees incurred to buy-back the Property, and
c)
the Town's administration costs to buy-back the Property. The cost
of reinstatement and administration costs shall be determined by the
Town in its sole discretion.
9.
If
the Development
is
substantially complete to
the
roof-tight
construction stage as confirmed by a Town Building Inspector, the
Purchaser shall be entitled to request a release of this Agreement from the
Town and the Town shall provide same to the Purchaser, and the Purchaser
shall be responsible for its registration.
F.
TOWN'S RIGHT OF FIRST REFUSAL
10.
If the Purchaser decides to sell all or a portion of the property prior to the
Commencement of Construction and receives a Bonafide offer from a third-
party purchaser that the Purchaser is willing to accept, the Town shall have
a right of first refusal to purchase same as follows:
T O B B u y - B a c k A g r e e m e n t S c h e d u l e " C " P a g e | 4
a)
The Purchaser shall provide the Town with notice of the offer in
writing, and the Town shall have fourteen (14) business days from
receipt of the notice to exercise its right of first refusal and agree to
purchase the lands for the same price and on the same terms as set
out in the offer.
b)
If the Town does not notify the Purchaser in writing that it has
decided to exercise its right of first refusal within fourteen (14)
business days then the Town shall be deemed to have not exercised
its right of first refusal and the Purchaser may sell the lands in
accordance with the offer.
c)
This right of first refusal shall be terminated and be of no force or
effect from and after the date that construction of the Development
is complete, including landscaping, paving and curbing, and fencing
as required and duly signified by issuance of an occupancy permit by
the Town.
G.
GENERAL
11.
The terms, conditions and covenants of this Agreement shall survive
Closing.
12.
This Agreement shall be binding upon the parties hereto and their heirs,
executors, administrators, successors and assigns, including successors in
title, and shall run with the land which is subject of this Agreement and
more particularly described in Schedule "A" hereto, until such time as it is
discharged by the Town.
SIGNATURE PAGE TO FOLLOW
T O B B u y - B a c k A g r e e m e n t S c h e d u l e " C " P a g e | 5
IN WITNESS WHEREOF the Town and the Purchaser hereto have executed this Agreement on
the ____ day of _______________________, 20______.
SIGNED, SEALED AND DELIVERED
______________________________________
(Name of Purchaser)
_____________________________________
)
____________________________________
Witness Signature
)
Signature
)
_____________________________________
)
____________________________________
Printed Name
)
Name and Position
)
)
_____________________________________
)
____________________________________
Witness Signature
)
Signature
)
_____________________________________
)
____________________________________
Printed Name
)
Name and Position
)
)
)
TOWN OF BRIDGEWATER
_____________________________________
)
____________________________________
Witness Signature
)
Signature
)
_____________________________________
)
____________________________________
Printed Name
)
Tammy CROWDER, CAO
NOTARY PAGE TO FOLLOW
T O B B u y - B a c k A g r e e m e n t S c h e d u l e " C " P a g e | 6
CANADA, NOVA SCOTIA, LUNENBURG COUNTY
On this _____ day of __________________________, 20_____, before me, the subscriber(s)
personally came and appeared _________________________________________________, the
subscribing witness(es) to the foregoing indenture, who being by me sworn, made oath, and
said that the Town of Bridgewater (One) of the parties thereto caused the same to be executed
in its name and on its behalf and its corporate seal to be thereunto affixed in his/her presence.
_______________________________________
A Commissioner of the Supreme Court of Nova Scotia
CANADA, NOVA SCOTIA, LUNENBURG COUNTY
On this _____ day of __________________________, 20_____, before me, the subscriber(s)
personally came and appeared _________________________________________________, the
subscribing witness(es) to the foregoing indenture, who being by me sworn, made oath, and
said
that
_______________________________________________,
holding
the
position
of
________________________________ and _____________________________holding the position of
_______________________________________, signed the same affixed the seal of the Company
thereto in his/her presence.
_______________________________________
A Commissioner of the Supreme Court of Nova Scotia
T O B B u y - B a c k A g r e e m e n t S c h e d u l e " C " P a g e | 7
SCHEDULE "A"
LEGAL DESCRIPTION OF PROPERTY
(PROPERTY ONLINE AND PLAN OF SURVEY)