Kingsway Area - Tri-Line Freight

The new alignment for the Mary Hill By-pass will isolate a portion of
Kingsway that will no longer be required. The City does have a watermain on this
portion of Kingsway and B.C. Hydro have a series of pole lines.

The Department of Highways have proposed purchasing this land from the

nvey to Tri-Line Freight in exchange for lands that they require for
the By—pass right-of-way. I do not have a valuation of this portion as yet,
however, it involves approximately an acre and as some of the land is affected
by existing B.C. Hydro easement, the land values will vary somewhere between
$12,000. to $20,000. an acre.

ger parcel of land being
the . (City land plus
The Engineering Department will
ays Department ‘to ensure that the straightening
and reconstruction of the drainage ditch provides adequate drainage and storage
for the Broadway area, .

I would recommend to Council that we pursue the exchanges as worked out
by the Department of Highways and have the hecessary By-laws prepared for the
abandonment of roads in the areas so that the exchanges can proceed, |

.

EE

L.D. Poliock