Special General Committee meeting of September 10, 2018
Proposed Recommendation:
That Council approve the recommendation outlined in Report IPSCOM18-021 dated September 10, 2018 of the Commissioner of Infrastructure and Planning Services, as follows:
That a by-law be passed to authorize the acquisition of the part or parts of the land and premises known as Part of Lot 10, Concession 11, North Monaghan, designated as Parts 1, 2, and 3 on 45R16282, Peterborough (municipally known as 550 The Kingsway), that the Seller determines are not capable of development by it based on a purchase price of up to $900,000 plus Land Transfer Tax of up to $15,475 together with reimbursement to the Seller of an upset of $50,000 for costs incurred by the Seller in originally purchasing and carrying to completion the property all prorated on an area basis for the lands or parts to be acquired.