— COUNCIL

REPORT AUG 12 19f4,
TO2 Mayor and G©uncil DATE: August 2, 1974

FROM: Land Sale Committee

The Land Sale Committee met on Tuesday, July 30, 1974 in the Council Chambers
of the City Hall. The following items were discussed:

1. G.V.R.D. Land Sale

Representatives of the Greater Vancouver Regional District Housing Department
discussed the land sale and exchange required for their housing development on
Coast Meridian Road. There is a disagreement between the City and the Housing
Department on the valuation of the land. The G.V.R.D. representatives will be
in touch with our Appraiser to discuss land values in the area and the Committee

will meet further on this matter.

2. Sale of City Land at Chester Street

The Committee received a request to consider selling land located on Chester
Street per the attached map to enable replotting of an area to obtain better

land use. You will see by the attached plan that the applicant owns several 33
foot lots fronting on Perth Street and the opening of Perth would create a double
frontage situation where existing lots fronting on Glasgow Street would also back
onto Perth Street. The City has dealt with these particular parcels of land in

the past in an effort to try and encourage a development that would eliminate
Perth Street and create a new road pattern. A preplanning layout for the area is
also attached. The applicant is prepared to proceed with such a subdivision
provided that the City is willing to sell the land to make the subdivision possible.
The Committee has reviewed an appraisal of the property and has determined that the
price of the City owned land plus a portion of Perth Street required for the devel-
opment has a net value of $70,000. The servicing costs for this subdivision are
slightly higher than normal due to the fact that there is an existing sewer line

on Perth Street that would have to be relocated.

The Committee recommends that the City owned land on Chester Street be offered for
sale and the portion of Perth Street necessary for the development be abandoned
and also offered for sale provided that it can be incorporated in with Lots 4 to
10 of Block 1, Plan 2364 for development purposes.

3. The Committee received a request from the owner of land at 3321 Chester Street
to acquire land from the City to enlarge his existing parcel. A map is attached

showing the location of the lot and the dotted line indicates the portion of land
that the applicant would like to obtain from the City.

The Committee is not prepared to recommend subdivision of this City owned parcel

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