COUN

| FEB 24 1975
Mayor and Council . February 21, 1975

Land Sale Committee

Re: ‘Proposed Sale of City-owned Land -— Chester Street

Council may recall that in September of 1974 Council approved the sale of
some City-owned property on Chester Street along with the sale of a portion
of Perth Stxeet which would be closed and offered for sale. The pertinent
reports pertaining to the transaction are attached. At that time, Council
set a price ef $70,000.00 for the City-owned land plus the ‘portion of Perth.

After this was authorized by Council, the purchaser was unable: to get the
Consent of. the adjacent owners for the closure of Perth. This necessitated
further discussions with the Committee regarding alternative’ lay-outs to
provide a subdivision that would make most economical use of the land parcel -
and if possible eliminate the need to open Perth as a street. The lay-out
of the subdivision has:now been dealt with by the Planning and Zoning Com
‘mittee and their recommendation has, been forwarded:-to Council. The sale’
would invoive the sale of 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.

The Committee has discussed the price of the City land and recommends to
Council the sale of the City-owned Lot 41, plus the 10 foot strip of Perth
Street for the sum of $48,500.00 subject to the Purchaser combining the
parcel with lots 4 - 10 and subject to the Purchaser paying all legal costs
. in connection with the subdivision and cancellation of the small portion

' of Perth.

=
“tT. D. Pollock
City Administrator

LDP/w
attach.