HomeMy WebLinkAboutCAO-10-016 - Listing Agreement - 83 Elmsdale Dr
REPORT
REPORT TO:
Committee of the Whole
DATE OF MEETING:
April 19, 2010
SUBMITTED BY:
Hans Gross, Director of Project Administration and Economic
Investment
PREPARED BY:
Rob Morgan, Capital Investment Advisor
WARD(S) INVOLVED:
Ward 4
DATE OF REPORT: April 1, 2010
REPORT NO.: CAO -10-016
SUBJECT:
Listing Agreement - 83 Elmsdale Drive
RECOMMENDATION:
That the Mayor and Clerk be authorized to execute the Listing Agreement with the City’s
Real Estate Service Provider, Coldwell Banker Peter Benninger Realty, for the purposes
of selling 83 Elmsdale Drive; said Agreement to be to the satisfaction of the City
Solicitor.
BACKGROUND/ REPORT:
The City of Kitchener has owned the facility at 83 Elmsdale Dr. since the 1950s and used it
since the late 1960s for municipal and public utilities purposes. Situated near the corner of
Ottawa Street and Strasburg Road, and adjacent to commercial, institutional and park sites, it is
a 12-acre property with two buildings on the site.
A new home for the services delivered from the Elmsdale Operations Centre is currently under
construction on Goodrich Drive, namely the Consolidated Maintenance Facility (CMF). When
the CMF is completed next year, the city will vacate some of the current facilities. The city is
now in the process of disposing of Elmsdale as a surplus property.
Coldwell Banker Commercial Peter Benninger Realty is the City’s current real estate service
provider. They have been retained to market and ultimately sell the property.
FINANCIAL IMPLICATIONS:
N/A
ACKNOWLEDGED BY:
Pauline Houston, General Manager, Community Services
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