That, on the recommendation of the Director, Planning and Development, the following actions be taken with respect to entering into a Subdivision Agreement between The Corporation of the City of London and Topping Brothers Land Corp./Topping Family Farm Inc., for the subdivision of land over CON ETR E PT LOT 77, situated south of Southdale Road West and west of Bostwick Road, municipally known as 3095 and 3105 Bostwick Road:
a) the Special Provisions, to be contained in a Subdivision Agreement between The Corporation of the City of London and Topping Brothers Land Corp./Topping Family Farm Inc., for the Talbot Village Subdivision, Phase 7 (39T-21502_7) appended to the staff report dated February 21, 2023 as Appendix “A”, BE APPROVED;
b) the Applicant BE ADVISED that Development Finance has summarized the claims and revenues appended to the staff report dated February 21, 2023, as Appendix “B”;
c) the financing for this project BE APPROVED as set out in the Source of Financing Report appended to the staff report dated February 21, 2023, as Appendix “C”; and,
d) the Mayor and the City Clerk BE AUTHORIZED to execute this Agreement, any amending agreements and all documents required to fulfill its conditions. (2023-D12)