COUNCIL

TO: MAYOR AND ALDERMEN July 3rd, 1972 JUL 47 1972
FROM:. THE INDUSTRIAL & COMMUNITY DEVELOPMENT COMMITTEE "

Report from the Industrial & Community Development Committee Meeting held

Monday, July 3rd, 1972, at 11:00 a.m.

Present: Alderman E.W. Mabbett

Alderman G.R. Laking

K.J. Stinson Respectfully submitted.
Land Sales.
Item i

Re: Property Extension of 2657 Shaughnessy Street.

Comments: A request to purchase City lands to allow the applicant to square off
“the property at 2657 Shaughnessy Street has been looked at. The City
Assessor prepared a small report which is attached while the plan attached out~
lines the practical alignment. The total property which should be considered is
approximately 421 sq. ft. and has a value of $5.50 per sq. ft. The recommended
selling price is $2,300.00 and an agreement to guarantee access from the City.

Recomnendation: The Committee recommends an upset price of $2,300.00 be established
and that the property be offered for sale subject to consolidation
to the adjacent property and that an agreement providing for loading and parking

be drawn up.

Item Ii

Re: Imperial Road Exchanre.

Comments: A preplanning scheme has been prepared which shows cancellation of 15'
of lane benefiting the actual subdivision and a 20' difference in the
width of Imperial Street. The road was originally gazetted aa an 80' right-of-way
while the proposed road as shown as 60' width. The lane situation is somewhat
different as the properties facing Robertson will receive 15' of the 30‘ gazetted
lane while B.C. Investors are to receive the other 15'. The lane was purposely
widen from 20' to 30' in order to handle a large volume of storm water which runs
parallel to Robertson. As a condition of subdivision, B.C. Investors will enclose
this large open ditch, providing a city saving in the installation of this storm

trunk line,

The road area received by B.C. Investors is 24,500 sq. ft. while the
lane area is 13,500 sq. fe. It was suggested ts B.C. Investors that the land
area received cculd be exchanged for a consolidated parcel within the proposed
eubdivision for park purposes. 38.C. Investors has agreed aud has shown a park
on the western end of the subdivision.

Recommendation: The Committee recommends the road area be consolidated in the
subdivision and, the said road area be provided as a consolidated

parcel for park purposea and further that the lane closure be exchanged | far the
necessary storm trunk services. ,