HomeMy WebLinkAboutFCS-13-157 - Sale of Lands to Region - LRT PurposesStaff Report
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REPORT TO: Committee of the Whole
DATE OF MEETING: October 21, 2013
SUBMITTED BY: Steve Ross, Ext. 7266
PREPARED BY: Steve Ross, Ext. 7266
WARD(S) INVOLVED: 3
DATE OF REPORT: October 5, 2013
REPORT NO.: FCS -13 -157
SUBJECT: Sale of Lands to Region of Waterloo for LRT purposes —
Former Vanier Drive Road Allowance
RECOMMENDATION:
That part of the lands located in the former Vanier Drive road allowance, being Parts 7
and 8 on the draft Reference Plan attached (the "Subject Lands ")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
Lands, for the sum of $37,800.00 on terms and conditions satisfactory to the City
Solicitor; 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 closed road allowance located between
Vanier Drive and Fairway Road to form the bed of the LRT system. The lands required are
Parts 7 and 8 on the draft reference plan attached as Appendix "A" to this report The total
size of the land taking is 509 square metres. The Region's purchase of the Subject Lands
will not impact our road system in Kitchener. The road, formerly known as Mill Street, was
closed by By -law 436271 in 1970. There is no proposal to ever re -open this road. A drawing
of the Subject Land appears in "Appendix "A" attached to this report.
Legal Services opinion is that the purchase price in this circumstance is fair market value. It
was determined by two appraisals of lands generally along the Hydro One Networks Inc.
( "HONI ") corridor. One appraisal was completed by Antec Appraisal Group Inc. on behalf of
the Region at $350,000 per acre, the other was completed by Altus Group Limited on behalf of
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HONI at $275,000 per acre. A review of those appraised values was completed on behalf of
Infrastructure Ontario. Infrastructure Ontario determined a proper amount of compensation
would be $300,000.00 per acre. As this is the rate used to benchmark all dealings between
HONI and the Region in this general vicinity, Legal Services finds the appraisal acceptable
and does not see any reason for the City to incur the costs of a further appraisal.
Kitchener Utilities has a natural gas line under the Subject Lands so an easement in the City's
favour will be preserved to accommodate this and future infrastructure.
FINANCIAL IMPLICATIONS:
The Region of Waterloo is to pay the sum of $37,800.00 for the Subject Lands, along with any
outstanding costs associated with the sale of the Subject Lands.
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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