Finance Committee Decisions in Brief

From the August 15, 2016 Meeting

7.1.1 Request to Sell City Owned Property (811 Melville Street)

Decision

*The Committee approved recommendations and added a fifth resolution that the Standard Terms and Conditions include one that proposals be consistent with the surrounding uses.

Background

*In June, City Council approved the purchase of Lots 6 and 7, Block 300, Plan G291 from St. Martin’s Church to relocate the current Fire Station No. 3 (1906 York Avenue) to the vacant north lot of St. Martin’s United Church. This is to address aging infrastructure concerns and improve overall response protection in the southeast portion of the city. As a result of the land acquisition for the relocation of Fire Station No. 3, the lot located on 811 Melville Street which was previously designated for Fire Station No. 11 is no longer needed.
*It was proposed 811 Melville Street be sold through an open market (standard terms) approach whereby non-binding offers are received from interested proponents and used to determine with which party further negotiations will take place.
*The Administration recommended a price of $1.2 million for this parcel, based on comparable land sales within the CN Industrial area.
*The Administration recommended standard terms and conditions requiring interested proponents to build uses consistent with surrounding automotive dealers.