That, on the recommendation of the Managing
Director, Corporate Services and City Treasurer, Chief Financial Officer, on
the advice of the Manager, Realty Services, the following actions be taken:
a) the
request submitted by O. C. Holdings ‘87 Inc. to extend its option to purchase
until May 1, 2017, on approximately 9.79 acres of land located on the east
side of Innovation Drive, described as Parts 2, 3 and 4, Plan 33R-17213, save
and except Parts 1 and 2, Plan 33R-19042, as outlined on the location map
attached to the staff report dated May 19, 2015, BE APPROVED; and
b) the
proposed by-law attached to the staff report dated May 19, 2015 as Appendix
“B” BE INTRODUCED at the Municipal Council meeting to be held on May 26,
2015, to approve this request and to authorize the Mayor and the City Clerk
to execute the Amended Option Agreement;
it being noted that the year stated in line
4 of the Background section of the staff report dated May 19, 2015 should read
2013, not 2015.
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