HomeMy WebLinkAboutFCS-13-086 - Sale of Lands for LRT - King and Green
REPORT TO:
Committee of the Whole
DATE OF MEETING:
June 10, 2013
SUBMITTED BY:
Steve Ross, Ext. 7266
PREPARED BY: Steve Ross, Ext. 7266
WARD(S) INVOLVED:
10
DATE OF REPORT:
May 27, 2013
REPORT NO.: FCS-13-086
SUBJECT: Sale of Lands to Region of Waterloo for LRT purposes –
King and Green
RECOMMENDATION:
That part of the laneway located at King and Green (the “Subject Land”) be declared
surplus to the City’s needs; and further
That the City accept an offer from the Region of Waterloo to purchase the Subject Land,
for the sum of $3,150.00 on terms and conditions satisfactory to the City Solicitor; and
further
And further, that the closure of the Subject Land, if necessary, be approved in principle,
and that Legal Services be instructed to proceed with the preparation of the by-law, the
necessary advertising in the newspaper, documentation and conveyance of all required
easements, if any; and further
That all costs with respect to the transaction, including legal and appraisal fees, be
borne by the Region of Waterloo; and further
That the Mayor and Clerk be authorized to execute any documentation in this regard
required by and to the satisfaction of the City Solicitor.
EXECUTIVE SUMMARY:
N/A
REPORT:
The Region of Waterloo requires a small portion of the laneway at King and Green Streets,
running east of King, for purposes of road widening to accommodate LRT and related works.
The Region’s purchase of the Subject Land will not impact the current access and ingress to
an adjacent parking lot. A drawing of the Subject Land appears in “Appendix “A” attached to
this report.
FINANCIAL IMPLICATIONS:
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The Purchaser to pay the sum of $3,150.00 for the Subject Land, along with any outstanding
costs associated with the appraisal and sale of the Subject Land.
COMMUNICATIONS:
N/A
CONCLUSION:
Staff recommends that Council accept the Offer to Purchase from the Region of Waterloo.
ACKNOWLEDGED BY:
Dan Chapman, Deputy CAO
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