April 19th, 1982.

REPORTS:

From the Finance Committee, April 6th, 1982 and April 13th, 1982

Finance
being Statements of Accounts Payable in the amount of $385,404.28 and Comm., Apr.

8 y " § n 6/82 & 13/82.
Stmt. of
Accts. Payable:

$675,372.33, respectively.

Moved by Alderman Laking:

Seconded by Alderman Vater:

That the report of the Finance Committee, April 6th, 1982 and April
13th, 1982 being Statements of Accounts Payable in the amount of $385,404.28

and $675,372.33, respectively, be approved.

Carried.

From the City Administrator, April 15th, 1982 regarding the sale of
City Admin.,

municipal property in the 1300 Block Chelsea Avenue. Apr. 15/82 re
Sale of

Moved by Alderman Muldoon: Municipal
Property -

Seconded by Alderman Laking: 1300 Blk.
: Chelsea.

That a portion of Toronto Road and a portion of Stratford Road be
stopped up and closed to traffic and offered for sale in conjunction
with a portion of municipally owned property in the 1300 Block Stratford
Street.

THAT the minimum upset price for the 1.04 acres of property be
$137,000.00 per acre;

AND THAT the minimum upset price be effective for a six (6) month
period.

Prior to the question being called on the foregoing resolution
Alderman Gates suggested that a restrictive covenant be placed on the
property requiring the development of the property within the six month
period.

Moved by Alderman Gates:

That the sale of municipal property in the 1300 Block Chelsea
Avenue be approved as presented, subject to placing a restrictive covenant
on the sale requiring development of the property within six months.

Lost for want of a seconder.

Alderman Mabbett suggested that the resolution be amended to change
the effective period for the upset price from a six (6) month period to
a three (3) month period.

Moved by Alderman Mabbett:

Seconded by Alderman Wright: