That Report RS2018-029, Acquisition of Land for Trail Purposes – Mason Homes Rail Corridor Lands, Lindsay, be received;
That the acquisition of the property legally described as Lots 2-4 on Plan 116; Part of Lot 1 on Plan 116; Part of Broad Street on Plan 116 (Closed by R96398); Part of the Northeast 1/4 of Lot 19, Concession 4, Ops; Part of the East Half of Lot 20, Concession 4, Ops designated as Parts 1, 2, 4, 5, 6, and 7 on Plan 57R-9256 Except 57M769, 57M783 and 57M800; Subject to an Easement in Gross over Part of the Northeast 1/4 of Lot 19, Concession 4, Ops designated as Part 1 on Plan 57R-10492 as in KL108910; Together With an Easement over Part of the Northeast 1/4 of Lot 19, Concession 4, being Parts 3 and 8 on Plan 57R-9256 as in R368431; in the Geographic Town of Lindsay, City of Kawartha Lakes, being PIN: 63237-1792 (LT) for trail purposes be approved;
That staff be directed to commence the process of obtaining ownership of the required land, for the price of $43,500.00, with all related costs of the transaction to be at the City’s expense;
That all costs associated with the transfer (estimated at $46,000.00 including the survey, purchase price, Land Transfer Tax and the City’s and the vendor’s legal fees), to a maximum of $48,000.00 be drawn from the Property Development Reserve;
That if all costs of the transaction exceed $48,000.00, the matter be referred back to Council in 2019 for consideration;
That the Mayor and Clerk be authorized to execute any documents and agreements required by the approval of this decision; and
That the By-law attached as Appendix E, required to authorize the acquisition of the subject land, be adopted by Council and executed by the Mayor and Clerk.