HomeMy WebLinkAboutCAO-14-039 - Declaration of Surplus Lands - 40 Ontario St S
REPORT TO: Committee of the Whole
DATE OF MEETING: September 15, 2014
SUBMITTED BY: Brian Bennett, Mgr. Business Development, 519-741-2200, ext. 7230
PREPARED BY: Rob Morgan, Capital Investment Advisor, 519-741-2200 ext. 7734
WARD (S) INVOLVED: Ward 9
DATE OF REPORT: September 3, 2014
REPORT NO.: CAO-14-039
SUBJECT:Declaration of Surplus, 40 Ontario Street South
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RECOMMENDATION
“That the lands located at 40 Ontario Street South, in the City of Kitchener, owned by
the Corporation of the City of Kitchener, as shown on the attached map, be declared
surplus to the City’s needs for the purposes of the sale of the land.”
REPORT:
The City has received interest from a developer wishing to purchase the City owned parcel
located at 40 Ontario Street South. The property is currently in use as a City operated 24
space surface parking lot (Lot 9).
The subject site is approximately 0.32 acres in size, zoned D-1 and is located in close
proximity to the Region’s future LRT line.
The declaration of surplus and the ultimate sale of the property for redevelopment purposes
would be in keeping with the Recommendations of the City’s Long Term Parking Strategy
which encourages the assessment of redevelopment opportunities for surface parking lot and
the exploration of opportunities for increasing residential redevelopment in the Downtown.
The timing and method of selling the property will be determined once the new Council has
been elected.
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ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN:
The declaration of surplus and ultimate sale of City land relates to the foundation of Efficient
and Effective Government as defined in the City’s Strategic Plan.
FINANCIAL IMPLICATIONS:
N/A
COMMUNITY ENGAGEMENT:
INFORM – This report has been posted to the City’s website with the agenda in advance of the
council / committee meeting.
ACKNOWLEDGED BY:
Jeff Willmer, CAO
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