HomeMy WebLinkAboutCAO-10-015 - Acquisition of Land for Road Reconstruction - Spadina & MillREPORT
REPORT TO:
Finance and Corporate Services Committee
DATE OF MEETING:
April 26, 2010
SUBMITTED BY:
Hans Gross, Director, Project Administration and Economic
Investment
PREPARED BY:
Rob Morgan, Capital Investment Advisor
WARD(S) INVOLVED:
Ward 6
DATE OF REPORT: March 24, 2010
REPORT NO.: CAO 10-015
SUBJECT:
ACQUISITION OF LAND FOR ROAD RECONSTRUCTION -
SPADINA RD. MILL ST
RECOMMENDATION:
That the Mayor and Clerk be authorized to execute an Agreement of Purchase and Sale,
with David Lesley Monk and Cody Bruce Gilbertson to acquire Part 2 on Reference Plan
58R-16772 at an upset cost of $9,000.00, to facilitate the road reconstruction on Spadina
Avenue; said agreement to be satisfactory to the City Solicitor.
BACKGROUND:
The reconstruction of Spadina Road East from Highland Road East to Mill Street
includes intersection improvements at Mill Street. The acquisition of approximately 24.4
square meters of property at 165 Mill Street will allow for the construction of dedicated
left and right turn lanes and for an increased turning radius at the northwest corner of
this intersection. These intersection improvements will promote enhanced traffic flow
and reduce the potential for vehicular conflicts by providing additional space for turning
movements of large vehicles i.e. transit bus.
The land required has been valued by the City’s Real Estate provider at $2800.00, the
remaining costs associated with the acquisition relate to the replacement of fencing,
Reference Plan and Legal fees.
FINANCIAL IMPLICATIONS:
All costs associated with this project have been accounted for within the Capital Budget
for the project.
ACKNOWLEDGED BY:
Rod Regier, Executive Director, Economic Development
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