INTER OFFICE NEMO

: DATE:
“KJ. Sthnon, Plaaniny Officer
FROM: | . CoCo
: “Red. Freenan, Cltv Glert .

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stirs

ees

Imperial Road Closure

OCT 3 0 1972

With reference to tha report of the Industrtal & Community Jevelopmeat Comaittec,

Sees ah!
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October 2nd, 1972 we would advise that when the sane was placed kefore a rezular Counetl .

meeting held on October 1éth, 1972 the same was ordered tabled until a report on the area

and value of land thereof obtainad by the propased road oxchanze and closure of Inertial

‘Avenue is received fron the City Assessor.

See Bezow,

OFFICE MEM

K. J. Stinson, DATE: October 25th, 1972. .

Industrial & Community Develonment Committee —

‘J. S. Buchan, City Assessor. CeCe

Subject:

Pursuant to your request for an appraisal of the proposed road exhange and
- closure of Imperial Avenue as outlined on attached plan and consisting of
20' x 1,260' or 25,2CO square feet. (80' road reduced to 60! road = 20 feet).
Area shown as park consisting of 27,9CO square feet minus 2,157 square feet +<
for encroachment of cul de sac (27,$C0 square feet minus 2,157 square feet) for a
total of 25,743 square feet +~.
Four unserviced lots are obtainable from proposed exchange of park.

4 Lots € $9,550, $38,000.

Less Cost of Servicing
@ $2,700 per lot $10,800.

$27,200
In my opinion the cost of servicing could vary slightly per lot up or down from
the estimated cost of $2,700 per lot. -

ees

In my opinion as of October 25th, 1972 the value of the parcel of land as shown

on attached sketch is «+ $27,CCO.