Motion that items 1, 2, 3 and 5, BE APPROVED:
1. Lease Extension and Amending Agreement – 251 Dundas Street, London Public Library – Rapid Transit Implementation Office
That, on the recommendation of the Deputy City Manager, Finance Supports, with the concurrence of the Director, Construction and Infrastructure Services, on the advice of the Director, Realty Services, with respect to the Lease Extension and Amending Agreement for the lease of office space at 251 Dundas Street, known as London Public Library, the Lease Extension and Amending Agreement between the City and London Public Library (the “Landlord”) attached as Appendix “A", for the lease of approximately 7,495 square feet of Rentable Area, located at 251 Dundas Street, for an extension period of five (5) years commencing January 1, 2024 and ending on December 31, 2028 BE APPROVED.
2. Agreement of Purchase and Sale of Assets from London Hydro Former Substation #48 – 2125 Trafalgar Street
That, on the recommendation of the Deputy City Manager, Finance Supports, with the concurrence of the Fire Chief, London Fire Department, on the advice of the Director, Realty Services, with respect to the City purchase of assets from London Hydro, being the building located at 2125 Trafalgar Street, as shown on the aerial location map attached as Appendix “A”, for the purpose of additional storage and other future potential uses, the following actions be taken:
a) the Agreement of Purchase and Sale of Assets, attached as Appendix “B”, submitted by London Hydro (the “Vendor”), to sell the building and assets to the City, for a nominal sum of $5.00, subject to the terms and conditions set out in the agreement BE APPROVED; and
b) the Bill of Sale, attached as Appendix “C”, submitted by London Hydro (the “Vendor), in connection with the sale of the building and assets referenced in the Agreement of Purchase and Sale of Assets, attached as Appendix “B” BE APPROVED.
3. Offer to Grant an Easement and Consent to Enter Agreement – Part of 1211 Hyde Park Road
That, on the recommendation of the Deputy City Manager, Finance Supports, with the concurrence of the Deputy City Manager, Environment and Infrastructure, on the advice of the Director, Realty Services, with respect to property owned by Motivity Land Inc., legally described as Part Lot 24, Concession 3, Part 2, Plan 33R824, Part 1, Plan 33R2488, save and except Part 1, Plan 33R18288 and Part 1, Plan 33R19669, known municipally as 1211 Hyde Park Road, the following actions be taken:
a) the Offer to Grant an Easement and Consent to Enter Agreement between the City and Motivity London Inc. granting the City a permanent non- exclusive access easement, subject to the terms and conditions as set out in the agreement attached as Appendix “C”, for the sum of $196,000.00 BE APPROVED; and,
b) the financing for this easement acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.
5. Offer to Purchase Industrial Lands – Andriani S.p.A Part of Block 1, Plan 33M-592 – Innovation Park Phase ll
That, on the recommendation of the Deputy City Manager, Finance Supports, on the advice of the Director, Realty Services, with respect to the City-owned industrial land located in Innovation Park Phase II, being composed of Part of Block 1 (subject to final survey), in the City of London, County of Middlesex, further being part of PIN 081970320, as outlined on the sketch attached hereto as Appendix “A”, the Agreement of Purchase and Sale (the “Agreement”), attached as Appendix “B”, submitted by Andriani S.p.A., under the corporate name Andriani Ltd. (the “Purchaser”) to purchase 5 acres of the subject property from the City, at a purchase price of $825,000.00, reflecting a sale price of $165,000.00 per acre BE ACCEPTED, subject to the conditions and terms as set out in the Agreement.