February 24th, 1975.

production costs of the play and supplies for the School, and Mayor
Campbell advised Mrs. Thompson that such a request should be submitted
in writing to the City's Finance Committee.
REPORTS:

ALand Sale Comm. From the Land Sale Committee, February 21st, 1975, referring to the

e sale of City

sale of City-owned property on Chester Street along with the sale of a

Perth St. portion of Perth Street that was approved by Council in September of
1974 at a price of $70,000.00; however, the purchaser has been unable to
get the consent of the adjacent owners for the closure of Perth and this
has necessitated further discussions with the Committee regarding alternative
lay-outs to provide a subdivision that would make most economical use of
the land parcel. The Committee, in its report, advised that the subdivision
has now been dealt with by the Planning & Zoning Committee and that the
sale would involve the City-owned land on Chester plus a small strip of
Perth Street 10 feet wide in order to permit the proposed subdivision
lay-out.

Moved by Alderman Laking:

Seconded by Alderman Traboulay:

That as recommended in a report from the Land Sale Committee,
February 2ist, 1975, the sale of the City-owned Lot 41 on Chester Street,
plus a 10' strip of Perth Street for the sum of $48,500.00, be approved;
subject to the Purchaser combining the parcel with Lots 4 to 10, Block
1, Plan 2364 and paying all legal costs in connection with the subdivision
and cancellation of the small portion of Perth Street. Carried.

Prior to passage of the foregoing resolution, a discussion ensued
and Alderman Ranger pointed out that although the proposed subdivision
would produce seven lots worth approximately $10,000.00 each, the costs
of servicing on both sides of Chester Street and part of Salisbury
Avenue would be quite expensive; therefore, the selling price of $48,500.00
does become a better deal. Alderman Ranger mentioned that his own
feeling for development of the property would be building the same
number of condominium units as the single-family dwellings proposed to
be constructed; however, Alderman Laking advised this would have required
closure of Perth Street and the developer was unable to obtain the

necessary consents. Alderman Laking further advised that the developer

feels he can put the homes on the market at approximately $44,000.00 to

$45,000.00, and pointed out that condominiums are running at about that