DSD-18-143 - 152 Shanley Street Vision Statement

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REPORT TO:Planning & Strategic Initiatives Committee DATE OF MEETING: November 5, 2018 SUBMITTED BY:Alain Pinard, Directorof Planning, 519-741-2200 x7319 PREPARED BY:Tina Malone-Wright, Senior Planner,519-741-2200 x7765 WARD(S) INVOLVED:Ward 10 DATE OF REPORT:October 16, 2018 REPORT NO.: DSD-18-143 SUBJECT:VISION STATEMENT FOR 152 SHANLEY STREET RECOMMENDATION: THAT the Vision Statement for 152 Shanley Street, shown in Appendix ‘A’ to report CSD- 18-143, be adopted; AND FURTHER THAT the Vision Statement be released as part of the tax sale advertisement to provideguidanceand supportto the processing of future Planning Act applications to facilitate the redevelopment of 152 Shanley Street. BACKGROUND: In April and May of 2017, the City advertised the sale of 152 Shanley Streetthrough a formal tax sale process. Unfortunately, the tax sale was unsuccessful as the City only received one tender which did not meet the minimum tender amount as per legislative requirements. Feedback from the development industry, after the failed tax sale, was that the acquisition of the site was too risky ‘as is’.The site is contaminated and remediation is expected to be costly. The development industry advised that it is not possible to recover remediation costs and make a profit under current “planning rules” which limit the height of the building to 4storeys and only allow residential uses. The City is permitted to tender a second time within two years after the day of an unsuccessful public sale (May 3, 2017). In order to make the property more appealing it was recommended that the Planning Division hold a Neighbourhood Design Charrette to explore a redevelop vision that enables a bigger building and additional land uses. If achieved, a visionstatement would be developed to clarify expectationsand provide a certain level of assurance to the community and the development industry as to what is desirable in the future. It was also recommended to write off the interest portion of the taxes so that with a reduced minimum bid there would be a greater potential that a second tax sale would be successful. 3 - 1