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That, on the recommendation of the City
Manager the following actions be taken with respect to an asset review of
Class A – vacant land and buildings:
a) the
staff report dated May 23, 2017, regarding the findings and recommendations of
the asset review of City of London vacant land and buildings BE RECEIVED for
information;
b) consistent
with the Sale and Other Disposition of Land Policy, Municipal Council BE
ADVISED that the Housing Development Corporation, London (HDC) has requested
that 403 Thompson Road and 122 Base Line Road West be transferred to HDC
ownership for the purpose of affordable housing development;
c) the
Civic Administration BE AUTHORIZED to undertake all administrative actions
necessary to transfer 403 Thompson Road and 122 Base Line Road West from City
of London ownership to the HDC for affordable housing purposes, consistent
with the Asset Transfers to Municipal Services Corporations Policy; it being
noted that the transfer will be subject to a 10-year reversion clause should
the lands not be sold or developed by the HDC;
d) based
on the results of the asset review, the following City-owned properties BE
DECLARED SURPLUS to the needs of the City (see maps included in Appendix ‘B’
to the staff report dated May 23, 2017):
i) a
portion of 535 Pinetree Drive;
ii) Roll #
030290038000000 Oxford Street East;
iii) 92
Clemens Street;
iv) Roll #
030750205990000 Huron Street East;
v) 748
Classic Drive;
vi) 116
Emery Street West; and,
vii) 130
Southdale Road West; and
e) the
Civic Administration BE DIRECTED to develop a program for the disposal of
small parcels of City-owned land that are not required for City needs and are
not independently viable for development;
it being noted that disposal processes are
presently underway for the Class A assets located at 47 Outer Drive, 7
Annadale Drive, and 391 South Street;
it being further noted that the Corporate
Services Committee heard the attached presentation from the Director,
Development Finance, with respect to this matter.
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