MEMORANDUM a: Uj N

SCT 29

Mayor and Council October 26th, 1979

FROM: Land Sales Committee

‘“

Re: Rezoning Application R#19~79 ~ Properties on Ryan Street

At the last meeting of Council, an application for rezoning
was considered that involved the sale of some road allowances to form
part of the subdivision development. This matter was referred to the
Land Sales Committee. ,

The Committee has given this consideration and feels that the
two areas involved could be abandoned and incorporated in the proposal’ and
recommends the price of $1.60 per square foot for the land. Two pieces
of land are involved totatlly 5,000 square Feet and at $1.60 per square
foet, this works out to $8,000. 00. s

°

The Committee therefore recommends abandonment of these road
allowances and sale to the Developer at $1.60 per square foot.

G

LDP/w