HomeMy WebLinkAboutCRPS-06-015 - Declare Land Surplus to the City's Needs - Property Adjacent to 110 Barbara Cres - Part 2 of RP 58R-7149Report To: Mayor C. Zehr and Members of Council/Committee of the
Whole
Date of Meeting: February 13, 2006
Submitted By: L. Proulx, Director of Facilities Management
Prepared By: C. Riordan, Administrative Assistant
Ward(s) Involved:
Date of Report: February 1, 2006
Report No.: CPRS 06-015
Subject: Declare Surplus to the City's Needs - Property Ajacent to 110
Barbara Crescent (Part 2, Plan 58R-7149)
RECOMMENDATION:
That a parcel of land located adjacent to 110 Barbara Crescent described as Part 2, Reference
Plan 58R-7149, in the City of Kitchener be declared surplus to the City's needs; and,
That Part 2 on Reference Plan 58R-7149 be conveyed to the property owner of 110 Barbara
Crescent for the price of $1,552, plus all incidental costs subject to the execution of an
agreement of purchase and sale satisfactory to the City Solicitor; and further,
That the Mayor and Clerk be authorized to execute the necessary documentation to complete
the conveyance.
BACKGROUND:
Attached hereto is a site plan outlining the property that is currently being leased to owners of
110 Barbara Crescent for parking purposes. The lease agreement has expired; as a result,
Property Management Committee suggests that the property be sold to them instead of
renewing the lease agreement.
REPORT:
Staff approached the owner of 110 Barbara Crescent to propose a sale of property in lieu of
renewing the lease agreement. The Property Management Committee suggests that the land be
sold to them with a condition that the purchaser provides a wooden fence along the property.
$5.90 per square foot was determined as fair market value and is satisfactory to the City
Solicitor.
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February 1, 2006
Page 2
FINANCIAL IMPLICATIONS:
The funds received from the sale of the site will be put into the Asset Management Reserve.
COMMUNICATIONS: nla
CONCLUSION: nla
L. Proulx CET, CMM III
Director of Facilities Management
Cheryl Riordan
Administrative Assistant