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HomeMy WebLinkAboutCSD-07-093 - Renewal of Park License Agreement (Pt of Lot 37, German Co Tract) ) R Community Services Report To: Date of Meeting: Submitted By: Community Services Committee October 15, 2007 Prepared By: Ward(s) Involved: Date of Report: Report No.: Subject: Greg Hummel, Acting Director Operations Division Peter Wetherup, Parks Planner, ext. 2403 Forest-Rockway (5) October 2, 2007 CSD-07-093 RENEWAL OF PARK LICENSE AGREEMENT (PT OF LOT 37, GERMAN COMPANY TRACT) RECOMMENDATION: That subject to the satisfaction of the City Solicitor, the Mayor and Clerk be authorized to execute a license Agreement Renewal (5 years) with Ontario Realty Corporation (formerly Hydro One Networks Inc.) relating to lands in the Forest Heights community, more particularly described as Part of lot 37, German Company Tract, giving the City a license to use and allow the public to use those lands. REPORT: The license area includes Hydro corridor sections running from Old Maple Lane through Forest West Park and contains approximately 6.27 acres (2.5 hectares). It contains approximately 600 meters (0.4 miles) of community trail and a portion of Forest West Park. License renewal is now on a 5 year basis and we have existing licenses expiring through to 2023 that will be renewed (license length has varied from 5-20 years in the past). The City entered into the licenses with Ontario Hydro (Hydro One Networks Inc.) as the need arose for the extension of the community trail system and open space system. This portion has been under license since 1985. FINANCIAL IMPLICATIONS: The park license is being offered at a yearly rate of $2.00 and the municipality is responsible for 500/0 of the realty taxes (approximately $416 per acre) and maintenance of the corridor. Greg Hummel, Acting Director Operations Division AP