That clauses 1-6 of the 2nd Report of the Council, In Closed Session, read as follows:
1. Lease and Contribution Agreement – City and HL General Partner Inc. – Telecommunications Equipment – 300-320 King Street
That, on the recommendation of the Deputy City Manager, Finance Supports, with the concurrence of Deputy City Manager, Enterprise Supports, and the concurrence of Deputy City Manager, Environment and Infrastructure, on the advice of the Director, Realty Services, with respect to the Lease and Contribution Agreement for the lease of lands for the installation of new City of London telecommunications equipment located at 300-320 King Street, the Lease and Contribution Agreement between the City (the “Tenant”) and HL General Partner Inc. (the “Landlord”) attached as Appendix “A”, for the lease in respect of the Tenant’s right to construct, maintain, and operate of telecommunications infrastructure on a portion of the Lands (the “Building”) located at 300-320 King Street, for a term of approximately Ninety Nine (99) years commencing on the earlier of (i) the 2nd anniversary of the issuance of the building permit for the Building; or (ii) the first of the 4th month following completion of the Building shell, as determined by the professional engineer engaged by the Landlord for construction of the Building and terminating on May 31, 2123 (the “Expiry Date”) BE APPROVED, subject to renewal options.
2. Partial Property Acquisition – 1453, 1455 and 1457 Oxford Street East – East London Link Project
That, on the recommendation of the Deputy City Manager, Finance Supports, on the advice of the Director, Realty Services, with respect to a partial acquisition of the properties located at 1453, 1455, 1457 Oxford Street East, further described as Parts 28, 29 and 31, Part of Lots 4 and 5, Plan 703, in the City of London, being part of PIN 08106-0015, PIN 08106-0016 and PIN 08106-0017, containing an area of approximately 879.69, 1373.08, and 1274.38 square feet, as shown on the location map attached as Appendix “B”, for the purpose of future road improvements to accommodate the East London Link Project, the following actions be taken:
a) the offer submitted by Paul-Marc Champagne (the Vendor), to sell the subject properties to the City, for the sum of $310,000.00 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”.
3. Partial Property Acquisition – 1459 Oxford Street East – East London Link Project
That, on the recommendation of the Deputy City Manager, Finance Supports, on the advice of the Director, Realty Services, with respect to a partial acquisition of the property located at 1459 Oxford Street East, further described as Part 27, Lot 68, Plan 19(C), in the City of London, being part of PIN 08106-0022, containing an area of approximately 1,199 square feet, as shown on the location map attached as Appendix “B”, for the purpose of future road improvements to accommodate the East London Link Project, the following actions be taken:
a) the offer submitted by Red Maple Properties Inc. (the Vendor), to sell the subject property to the City, for the sum of $106,000.00 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”.
4. Settlement Agreement – 847 Highbury Avenue North – East London Link 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 847 Highbury Avenue North, further described as Part Lot 9, Concession 1, in the City of London, being part of PIN 08290-0220, as shown on the location map attached as Appendix “B”, for the purpose of future road improvements to accommodate the East London Link Project, the following actions be taken:
a) the Agreement as to Compensation and Possession from 847 Highbury Inc. to settle the outstanding expropriation compensation to the property owner, for the total sum of $250,000.00 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”.
5. Partial Property Acquisition – 2154 Richmond Street – Sunningdale Road Improvements Project
That, on the recommendation of the Deputy City Manager, Finance Supports, with the concurrence of the Director, Transportation and Mobility, and Division Manager, Transportation Planning and Design, on the advice of the Director, Realty Services, with respect to the partial acquisition of a portion of property from 2154 Richmond Street, further described as Part of Lot 16, Concession 6 (Geographic Township of London) in the City of London, County of Middlesex, Designated as Part 2,3,4 and 5, Reference Plan 33R-21696, being Part of PIN 08145-0152, as shown on the location map attached as Appendix “B”, for the purpose of future road improvements to accommodate the Sunningdale Road Improvements Project, the following actions be taken:
a) the Agreement of Purchase and Sale, attached as Appendix “C”, submitted by Drewlo Holdings (the “Vendor”), to sell the subject property to the City, for the sum of $504,000.00 BE ACCEPTED, subject to the terms and conditions set out in the agreement, including a Temporary Easement Agreement, for a term of one year, for the sum of $50,000.00, with the option to extend the term up to two times, each for a period of one year, for an additional total sum of $50,000.00; and
b) the financing for this acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.
6. Property Acquisition – 2835 Westminster Drive – Westminster Central Public School – London Police Service Operations
That, on the recommendation of the Deputy City Manager, Finance Supports, along with a resolution of the London Police Service Board, and on the advice of the Director, Realty Services, with respect to the surplus school property owned by the Thames Valley District School Board, located at 2835 Westminster Drive, legally described as Part Lot 15, Concession 5, as in 224251, subject to 124380 , 224251, in the City of London, formerly the geographic Township of Westminster, County of Middlesex, being all of PIN 08203-0010 (LT) (the “Property” ), as shown on the location map attached as Appendix “B”, the following actions be taken:
a) the Agreement of Purchase and Sale, attached as Appendix “C”, submitted by Thames Valley District School Board (the “Vendor”), to sell the subject property to the City, for the sum of $2,300,000.00 BE ACCEPTED, subject to the terms and conditions set out in the agreement;
b) the Amending Agreement, attached as Appendix “D” BE ACCEPTED; and
c) the financing for this acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.
That progress was made with respect to items 4.7 and 4.8, as noted on the public agenda (6.7/2/CSC) and (6.8/2/CSC).