HomeMy WebLinkAboutFCS-17-165 - Consent to Sale - 535 Manitou Drive
REPORT TO:Committee of the Whole
DATE OF MEETING:September 25, 2017
SUBMITTED BY:Lesley MacDonald,Director, Legal Services and City Solicitor,
519-741-2200 ext 7267
PREPARED BY:Lesley MacDonald,Director, Legal Services and City Solicitor,
519-741-2200 ext 7267
WARD(S) INVOLVED: 3
DATE OF REPORT:September 18, 2017
REPORT NO.:FCS-17-165
SUBJECT:CONSENT TO SALE OF LANDS IN HURON BUSINESS PARK
535 MANITOU DRIVE, KITCHENER
___________________________________________________________________________
RECOMMENDATION:That Council consent to the sale of Part Lot 32, Plan 1489,
being Parts 1 and 2 on 58R-7452, Part 1 on 58R-14797 and Part 1 on 58R-5097
(being all of PIN 22617-0142) by Berkshire Building Corporation and that the Chief
Administrative Officerbe authorized to execute any documentation with respect
to providing such consent, saiddocumentation to be to the satisfaction of the
City Solicitor.
BACKGROUND:Berkshire Building Corporation(“Berkshire”)is the registered owner
of theproperty municipally known as 535 Manitou Drive which is located within the
Huron Business Park, having purchased the lands from the City in various transactions.
Map attached.The lands are subject to Restrictive Covenants registered by the City
which, among other things, provide to the City control over any transfer of title to the
said lands prior to completion and occupancy of a building on the lands.The subject
property is currently undeveloped, vacant land.
REPORT:
Berkshire has entered into an Agreement of Purchase and Sale for the subject property
which is conditional on Berkshire obtaining the City’s consent thereto. Berkshire’s
solicitor has indicated that the prospective purchaser intends to develop the subject
lands. The City’s Economic Development Division supports this request.
*** This information is available in accessible formats upon request. ***
Please call 519-741-2345 or TTY 1-866-969-9994 for assistance.
Subject lands shown in map above.
ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN:
The recommendation of this report supportsthe achievement of the city’s strategic
vision through the delivery of core service.
FINANCIAL IMPLICATIONS:
There are no financial implications.
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: Daniel Chapman, CAO