HomeMy WebLinkAboutCRPS-05-023 - Proposed closure of Karn Lane between Belmont Ave W and Patricia Ave
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Report To:
Date of Meeting:
Submitted By:
Prepared By:
Ward(s) Involved:
Date of Report:
Report No.:
Subject:
Development & Technical Services Committee
February 14, 2005
Fiona McCrea (ext. 2266)
Fiona McCrea
West - Victoria Park Ward 6
February 4, 2005
CRPS-05-023
Proposed closure of Karn Lane, between Belmont Avenue
West and Patricia Avenue, Kitchener
RECOMMENDATION:
"That Legal Services be directed to proceed with the preparation and advertising of the
closure and conveyance of Karn Lane, between Belmont Avenue West and Patricia
Avenue and described as Parts 1 to 4 on Plan 58R-5165, conditional upon obtaining an
appraisal of the fair market value and offer to purchase for Council's consideration. All
costs associated with this proposed closure are to be borne by the prospective
purchaser of the property."
REPORT:
We have received written confirmation from 1471263 Ontario Limited, the new owner of 450
Belmont Avenue West, of its intention to proceed with the closure and acquisition of Karn Lane,
described as Parts 1 to 4 on Plan 58R-5165. Further, we are in receipt of written confirmation
from the other abutting property owners each indicating they are in support of this closure and
have no interest in acquiring any portion of Karn Lane. We have circulated this request to
internal staff and external agencies and have received no objection to the proposed closure and
we are advised that no services are located on Karn Lane for which a formal easement would
be required.
It is the prospective purchaser's intent to add the closed portions of this lane to its existing
commercial property adjacent to Karn Lane and, to vacant land intended for future residential
development it is purchasing in April, 2005. As such, staff recommend that Karn Lane be
conveyed to 1471263 Ontario Limited for fair market value and that all costs associated with the
proposed closure and conveyance be borne by the prospective purchaser.
Main Report - Page 1 of 2
FINANCIAL IMPLICATIONS:
Karn Lane be sold for fair market value and that all costs associated with the proposed closure
and conveyance be borne by the prospective purchaser.
VALUATION:
COMMUNICATIONS:
n/a
CONCLUSION:
Staff recommend that Karn Lane between Belmont Avenue West and Patricia Avenue and
described as Parts 1 to 4 on Plan 58R-5165 be closed and conveyed to 1471263 Ontario
Limited for fair market value and that all associated costs be borne by 1471263 Ontario Limited.
All of which is respectfully submitted by,
Fiona McCrea
Assistant City Solicitor
C:
C. Ladd
B. Cronkite
G. Sosnoski
P. Houston
L. Proulx
Main Report - Page 2 of 2