That Report RS2025-030, Update on Status of Proposed Surplus Declaration, Closure, and Sale of a Portion of Road Allowance adjacent to 100 and 114 Front Street East and 27 Anne Street, Bobcaygeon, be received;
That the subject property, being a portion of road allowance adjacent to 100 and 114 Front Street East and 27 Anne Street, and legally described as Prince Street on Plan 70 between Main Street and Front Street; Kawartha Lakes, Part of PIN: 63130-0284 (LT), be declared surplus to municipal needs;
That the sale of the portion of road allowance to the adjoining landowners be supported, in principle, in accordance with the provisions of By-Law 2018-020, as amended, and the Municipal Act, 2001, and subject to the parties entering into a conditional Agreement of Purchase and Sale (including a condition that the subject portion of road allowance merge with each purchaser’s adjacent property on closing);
That, if one of the adjoining landowners decides they do not wish to proceed with purchasing their respective portion of the road allowance, that portion of the road allowance be sold to the remaining purchasers, if appropriate (otherwise, the segment to be retained by the City);
That Council set the value of the land at the set price of $2.50 per square foot of interior road allowance, unless the purchasers wish to pay for an appraisal, in which case, Council set the value of the land at the lower of the set price of $2.50 per square foot of interior road allowance or the appraised value;
That staff be directed to commence the process to stop up and close the said portion of road allowance;
That a by-law (with any amendments deemed necessary) to close the road and authorize its disposition shall be passed, if appropriate;
That a deeming by-law be passed contemporaneously with the disposition by-law, if required; and
That the Mayor and Clerk be authorized to sign all documents to facilitate the road closing and conveyance of the lands.