That clause 1 to 4 of the 10th Report of the Council, In Closed Session, read as follows:
1. Partial Property Acquisition – 977 Oxford Street East / 836 Quebec Street – Infrastructure Renewal Program
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 the property located at 977 Oxford Street East / 836 Quebec Street, further described as Part of Lots 10, 11 and 12, Plan 423, designated as Part 1, Plan 33R-21334, in the City of London, being part of PIN #08285-0089, containing an area of approximately 0.0566 acres (2,466 square feet), as shown on the location map attached as Appendix “B”, for the purpose of providing sufficient width to accommodate the addition of bike lanes on Quebec Street, and a left turn lane on Oxford Street East, the following actions be taken:
a) the offer submitted by 2351670 Ontario Inc. (the “Vendor”), to sell the subject property to the City, for the sum of $128,000.00 BE ACCEPTED, subject to the terms and conditions as set out in the agreement attached as Appendix “C”; and
b) the financing for this acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.
2. Property Acquisition – 25 Queens Place
That, on the recommendation of the Deputy City Manager, Finance Supports, with the concurrence of the Deputy City Manager, Planning and Economic Development, on the advice of the Director, Realty Services, with respect to the property known as 25 Queens Place, owned by Habitat for Humanity Heartland Ontario Inc., containing an area of approximately 1.84 acres, legally described as Part Lots 1, 2, 3, 4, 5, 6, 7, 8, 11 A & B, Block I, Plan 296 (3rd); designated as Parts 2, 3, and 4, Plan 33R-20314, in the City of London, County of Middlesex (the “Property”), as shown outlined in Appendix “C” of the staff report, the following actions be taken:
a) the Agreement of Purchase and Sale (the “Agreement”), attached as Appendix “B”, submitted by The Corporation of the City of London (the “Purchaser”) to repurchase the subject property from Habitat for Humanity Heartland Ontario Inc., for the sum of $595,000.00 BE ACCEPTED, subject to the terms and conditions set out in the agreement; and
b) the financing for the acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.
3. Settlement Agreement – 977 – 993 Wellington Road – Wellington Gateway Project
That, on the recommendation of the Deputy City Manager, Finance Supports, on the advice of the Director, Realty Services, with respect to the property located at 977-993 Wellington Road, further described as Part Lot 25, Concession 2, designated as Part 1 on Expropriation Plan ER1545931 and Part 1 on Expropriation Plan ER1545933, in the City of London, being part of PIN 08494-0341/42, as shown on the location map attached as Appendix “B”, for the purpose of future road improvements to accommodate the Wellington Gateway Project, the following actions be taken:
a) the Settlement Agreement from Wellington Plaza Holdings Inc. to settle the outstanding expropriation compensation to the property owner for the total sum of $38,300.00 BE ACCEPTED, subject to the terms and conditions as set out in the agreement attached as Appendix “C”; and
b) the financing for this acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.
4. Property Acquisition – 8 Raywood Avenue – Wellington Gateway Project
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 property located at 8 Raywood Avenue, further described as Part of Lots 26 and 27, Plan 467 (4TH), designated as Part 1, Plan 33R-6320, in the City of London, being all of PIN 08358-0100 (LT), containing an area of approximately 6,070 square feet, as shown on the Location Map attached as Appendix “B”, for the purpose of future road improvements to accommodate the Wellington Gateway Project, the following actions be taken:
a) the offer submitted by Matthew Leering (the “Vendor”), to sell the subject property to the City, for the sum of $555,000.00 BE ACCEPTED, subject to the terms and conditions as set out in the agreement attached as Appendix “C”; and
b) the financing for this acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.