Report to/Rapport au :
Corporate Services and Economic
Development Committee
Comité des services organisationnels
et du développement économique
and Council/et au Conseil
07 January 2003/le 07 janvier 2003
Submitted by/Soumis par : Kent Kirkpatrick, General Manager/Directeur général,
Corporate Services
Department/Services généraux
Contact/Personne ressource : D. H.
McCaslin, Manager, Real Estate Services/
Gestionnaire, Services immobiliers
580-2424, ext. 22595, Douglas.McCaslin@ottawa.ca
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Ref N°:
ACS2003-CRS-RPR-0008 |
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SUBJECT: OBJET : |
SALE OF LAND - HAWTHORNE BUSINESS PARK, 2700 SWANSEA
CRESCENT VENTE DE TERRAIN - PARC D’AFFAIRES HAWTHORNE, 2700, CROISSANT SWANSEA |
REPORT RECOMMENDATION
That the Corporate Services and Economic Development Committee
recommend Council:
2.
Declare
a 1.884 ha parcel
of vacant land located at 2700 Swansea Crescent, described as Part 7 on
Reference Plan 4R-9745, save and except Part 2 on Reference Plan 4R-16488 as
surplus to City requirements;
2. Approve the sale of the lands described in Recommendation 1, subject to any easements that may be required, to Canderel Realties Inc. for $581,900.00 plus GST, pursuant to an Agreement of Purchase and Sale that has been received.
RECOMMANDATION DU RAPPORT
Que le
Comité des services organisationnels et du développement économique recommande
au Conseil :
1. de déclarer excédentaire, par
rapport aux besoins de la Ville, un terrain vacant d’une superficie de 1.884 ha
situé au 2700, croissant Swansea, décrit comme partie 7 du plan de renvoi
4R-9745, à l’exception de la partie 2 du plan de renvoi 4R-16488;
2. d’approuver la vente du
terrain décrit à la recommandation 1, sous réserve des servitudes requises, à
la société Canderel Realties Inc., moyennant la somme de 581 900 $ plus la
TPS, conformément à un contrat de vente qui a été reçu.
BACKGROUND
The Hawthorne Business Park was developed in the late 1980’s to provide a high-quality location for new and expanding companies. It followed closely the creation of the neighbouring Ottawa Business Park, and was the product of a co-operative venture by the former City of Ottawa, Levinson-Viner Ltd., and The Equity Realty Group. The lots have been available for sale since the Business Park’s inception.
DISCUSSION
The subject property is a 1.884 ha parcel of vacant land situated in the Hawthorne Business Park. It is municipally identified as 2700 Swansea Crescent, and is situated on the east side of Swansea, just west of Stevenage Drive, as illustrated on Annex ‘A’.
Canderel Realties Inc. has submitted an offer to purchase the subject property for $581,900.00. Canderel intends to develop this site with a new 80,000 to 100,000 square foot warehouse/distribution facility, which is a permitted use under its IL zoning.
The sale of this property will be subject to covenants that were established by the former City of Ottawa to control development within the Hawthorne Business Park.
The purchase price will be subject to adjustment upon confirmation of the site area by plan of survey.
A recent appraisal has verified that the purchase price is consistent with current market values for industrial properties in the Hawthorne Business Park.
The offer is considered fair and reasonable and is recommended for approval
CONSULTATION
In accordance with policies approved by City Council on 14 November 2001, the availability of the property was circulated to all client City Departments, including the Housing Branch, to determine if it should be retained for a City mandated program. Neither the Housing Branch nor any other City Department expressed interest in retaining the property. Local governments and external agencies were also circulated, but none expressed interest in acquiring the property. The Development Services Department is aware of the proposal and supports the sale of the City’s parcel. The Ward Councillor has been made aware of the proposed sale of the property, and is in support of the transaction.
FINANCIAL IMPLICATIONS
The sale of this property will result in revenue of $581,900.00 to the City. This revenue will be credited to Profit Centre 119909-407217.
ATTACHMENTS
Attached as Annex "A" is a sketch showing the land to be sold.
DISPOSITION
Corporate Services Department - Legal Services Branch to finalize this transaction.
ANNEX A
