Land Exchange Agreement and Disposal– Portion of Jeanne d’Arc Boulevard for a Portion of 1015 Tweddle Road
File No. ACS2024-SI-HSI-0004 - Orléans East-Cumberland (1)
Report recommendation(s)
That the Finance and Corporate Services Committee Recommend City Council:
Approve the sale of the land described in Recommendation 2.a. to 1009 Trim Road Inc. in exchange for lands owned by 1009 Trim Road Inc. described in Recommendation 2.b. as well as $276,148.00, pursuant to a Land Exchange Agreement that has been received.
Delegate authority to the Director, Housing Solutions and Investments to enter, conclude, execute, amend, and implement, on behalf of the City, the Property Acquisition and Disposal Agreement in the form of a Land Exchange with 1009 Trim Road Inc. as follows:
City to convey to 1009 Trim Road Inc. a portion of the Jeanne d’Arc Boulevard right-of-way, described as Part of Lot 30, Concession 1OS Cumberland, containing an area of 1,381.8 metres² (14,873.57 ft²) and shown as Part 1 on draft 4R-plan in Schedule A attached hereto, subject to any easements that may be required, and having a market value of Five hundred nineteen thousand and eighty-eight ($519,088.00) dollars;
1009 Trim Road Inc. to convey to the City a portion of lands known municipally as 1015 Tweddle Road, described as Part of Lot 30, Concession 1OS Cumberland, containing an area of approximately 646.7 metres² (6,961.02 feet²), subject to final survey and shown as Parts 4 and 5 on draft 4R-plan in Schedule A attached hereto, and having a market value of Two hundred forty-two thousand, nine hundred and forty ($242,940.00) dollars; and
1009 Trim Road Inc. to pay to the City the difference in market value between the lands referred to in Recommendation 2.a. and 2.b., being the amount of Two hundred seventy-six thousand, one hundred and forty-eight ($276,148.00) dollars.
Acquisition of 1754 St. Joseph Boulevard for Transitional Housing
File No. ACS2024-SI-HSI-0011 - Orléans West-Innes (2)
Report recommendation(s)
That the Finance and Corporate Services Committee recommend City Council:
Approve the acquisition as described in the report for the purchase of the fee simple interest in lands and premises known municipally as 1754 St. Joseph Boulevard, shown as Parcel 1 on Document 1 attached being the “St. Joseph Blvd. Lands,” from the Sisters of Charity of Ottawa for $11 million plus applicable taxes and closing costs (estimated at $350,000).
Delegate authority to the Director, Housing Solutions and Investment Services to enter into, conclude, execute, amend, and implement on behalf of the City, the Purchase Agreement for the acquisition of the “St. Joseph Blvd. Lands,” as described in this report.
In Camera Items
Information Previously Distributed
Economic Development Update – Q1 2024
File No. ACS2024-PDB-PS-0072 – City-wide
Notices of Motions (For Consideration at Subsequent Meeting)
Inquiries
Other Business
Adjournment
Next Meeting
Tuesday, September 3, 2024.