1. Partial Property Acquisition - 1424 Southdale Road West - Southdale Road West and Wickerson Road Improvements
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 Manager of Realty Services, with respect to the partial acquisition of a portion of property at 1424 Southdale Road West, further described as Part Lot 48, Concession 1, being part of PIN 08420-0018, designated as Part 6, on a draft plan to be deposited, as shown on the location map attached as Appendix “B”, for the purpose of future road improvements to accommodate the Southdale Road West and Wickerson Road Improvements Project, the following actions be taken:
a) the Agreement of Purchase and Sale, attached as Appendix “C”, submitted by Mahamed Meddaoui (the “Vendor”), to sell the subject property to the City, for the sum of $158,800.00 BE ACCEPTED, subject to the terms and conditions set out in the agreement; and
b) the financing for this acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.
2. Partial Property Acquisition - 1429 Southdale Road West - Southdale Road West and Wickerson Road Improvements
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 Manager of Realty Services, with respect to the partial acquisition of property located at 1429 Southdale Road West, further described as Part Lot 48, Concession 2, being part of PIN 08224-0266, designated as Parts 11, 12, 13, and 17, on a draft plan to be deposited, as shown on the location map attached as Appendix “B”, for the purpose of future road improvements to accommodate the Southdale Road West and Wickerson Road Improvements Project, the following actions be taken:
a) the Agreement of Purchase and Sale, attached as Appendix “C”, submitted by Christopher Alfred Andreae, Antonia Ellen Andrews and Peter Robert Andreae, (the “Vendors”), to sell the subject property to the City, for the sum of $112,200.00 BE ACCEPTED, subject to the terms and conditions set out in the agreement; and,
b) the financing for this acquisition BE APPROVED as set out in the Source of Financing Report attached hereto as Appendix “A”.
3. Sale of City-Owned Surplus Land – 330 Thames Street
That, on the recommendation of the Deputy City Manager, Finance Supports, on the advice of the Manager of Realty Services, with respect to the City-owned surplus land located south of west King Street, containing an area of approximately 0.36 acres, legally described as being Part of Lot 25, South of King Street; Part of Lot 25, North of York Street, designated as Part 2, Plan 33R-19956 and being Part of PIN 08322-0127 (LT), as outlined on the Location Map attached hereto as Appendix “A”, the Agreement of Purchase and Sale (the “Agreement”) attached as Appendix “B”, as submitted by the Middlesex Condominium Corporation No. 158 (the “Purchaser”), to purchase the subject property from the City, at a purchase price of $190,000.00 BE ACCEPTED, subject to the terms and conditions set out in the agreement.
5. Offer to Purchase Industrial Land – 12935473 Canada Inc. – Innovation Park, Phase IV
That, on the recommendation of the Deputy City Manager, Finance Supports, on the advice of the Director, Realty Services, with respect to the City-owned industrial land located in Innovation Park, Phase IV, containing an area of approximately 25 acres more or less subject to survey, located on the east side of Bonder Road, legally described as part of Block 1, Plan 33M-609, subject to an easement as in ER662838, as outlined on the sketch attached hereto as Appendix “A”, the Agreement of Purchase and Sale (the “Agreement”), attached as Appendix “B”, submitted by 12935473 Canada Inc. (the “Purchaser”), to purchase the subject industrial land from the City, at a purchase price of $1,750,000.00, reflecting a sale price of $70,000.00 per acre BE ACCEPTED, subject to the conditions and terms set out in the Agreement.