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CITY OF VANCOUVER Administrative Report |
Date: |
May 19, 2004 | |
Author: |
Karin Turnbull | |
Phone No.: |
873.7156 | |
RTS No.: |
04239 | |
CC File No.: |
5753 | |
Meeting Date: |
June 22, 2004 |
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TO: |
Vancouver City Council |
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FROM: |
General Manager of Engineering Services in consultation with the Director of Real Estate Services |
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SUBJECT: |
Closure of a Portion of Lane South of 250 West 10th Avenue East from Alberta Street |
RECOMMENDATION
THAT Council close, stop-up and convey all that portion of the lane south of Lot D, Block N, District Lot 526, Plan 19327, as shown hatched on the plan attached hereto as Appendix "A", subject to the following conditions:
1. The abutting owners to pay $60,000.00 Plus GST if applicable for the 500 square foot (46.4 square metres) portion of lane to be closed in accordance with the recommendation of the Director of Real Estate Services;
2. The subject lane to be closed is to be consolidated with the said Lot D to form a single parcel to the satisfaction of the Director of Legal Services;
3. The abutting owners to be responsible for any plans, documents and Land Title Office fees;
4. The sale proceeds to be credited to the Property Endowment Fund (the "PEF");
5. Any agreements are to be to the satisfaction of the Director of Legal Services;
6. No legal right or obligation shall be created and none shall arise hereafter, until the documents are executed by the parties thereto.
COUNCIL POLICY
The authority for closing and disposing of streets and lanes is set out in the Vancouver Charter.
PURPOSE
The purpose of this report is to seek Council authority to close, stop-up and convey a portion of lane south of West 10th Avenue, east from Alberta Street.
BACKGROUND
The City acquired the said lane as a result of a conditional use development permit (DP92574). On May 4, 1982, subdivision Plan19327 was registered in the Land Title Office dedicating the said lane.
DISCUSSION
A prospective purchaser of the lands at 250 West 10th Avenue being the said Lot D has made an application to purchase the portion of lane that is excess to our needs.
The lane has never been opened and remains physically part of the south rear yard of said Lot D. The General Manager of Engineering Services has abandoned plans for a lane through this block. Further dedications will not be sought.
The Director of Real Estate Services has negotiated a sale of the 500 square feet (46.4 square metres) of lane as shown hatched on Appendix "A" for $60,000.00 Plus G.S.T. if applicable.
The Director of Real Estate Services advises that the sale price of $60,000.00 represents fair market value for the 500 square feet (46.4 square metres) of lane to be conveyed. The applicants will be responsible for all costs, plans, documents and Land Title Office fees required to complete the conveyance.
CONCLUSION
The General Manager of Engineering Services in consultation with the Director of Real Estate Services RECOMMENDS approval of the foregoing.
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