Nomination for Civic Merit Award

THAT Mr. Toa Wong be awarded the City of Vancouver Civic Merit Award.

The memorandum dated March 26, 2012, refers. 

Properties Acquisitions for 2012 Transportation Arterial Projects Program

A. THAT Council grant the Director of Real Estate Services authority to proceed with property negotiations and to determine, in consultation with the General Manager of Engineering Services and Directors of Legal and Budget Services, the terms and conditions of agreements for the following properties:

1. Road widening strips from 3645 and 3695 Grandview for the Grandview at Boundary Intersection and HOV Improvements (see Appendix A-1 of Administrative Report dated April 3, 2012, entitled "Properties Acquisitions for 2012 Transportation Arterial Projects Program"), shall be acquired by the City provided that in no case shall the value for the property acquisition of 3645 Grandview exceed $50,000 without reporting back to Council and in no case shall the value for the property acquisition of 3695 Grandview exceed $250,000 without reporting back to Council;

2. Corner cuts required for the Norquay Village- Kingsway Safety and Streetscape Improvements (see Appendix A-2 of above-noted Administrative Report), shall be acquired by the City provided that in no case shall the value for each individual property acquisition exceed $25,000 without reporting back to Council;

The source of funding for the purchase of the road widening strips at 3645 and 3695 Grandview and for the corner cuts required for the Norquay Village – Kingsway Safety and Streetscape Improvement with a total estimated cost of $375,000 be the 2012 Transportation Arterial Project Program;

FURTHER THAT the Director of Real Estate Services be authorized to execute such documents (including without limitation, Contracts of Purchase and Sale and plans) as are necessary to complete such acquisitions. No legal rights or obligations shall arise or be created until all legal documentation is fully executed on terms and conditions to the satisfaction of the Directors of Real Estate and Legal Services.

B. THAT Council approve repayment of $967,000 to the Land Purchase Reserve from the 2012 Transportation Arterial Project Program for property purchased for the Clarendon Connector (see Appendix B of the Administrative Report dated April 3, 2012, entitled "Properties Acquisitions for 2012 Transportation Arterial Projects Program").

The attached Administrative Report dated April 3, 2012, refers.

Lease of City-owned property at 925 Terminal Avenue to Butler Box & Storage Inc.

THAT Council authorize the Director of Real Estate Services to negotiate and execute a lease to Butler Box & Storage Inc. for the premises situated at 925 Terminal Avenue, legally described as Lot 5, except part in Plan 8304, Block E, District Lot 2037, Plan 8122; and Amended Lot A (Explanatory Plan 5052) of Lot E, District Lot 2037, Plan 8304; and Lot D, District Lot 2037, Plan BCP802 (see Appendix “A” of the Administrative Report dated April 4, 2012, entitled “Lease of City-owned property at 925 Terminal Avenue to Butler Box & Storage Inc.”) on the following terms and conditions:

Term: Five (5) years commencing April 1, 2012

Area: Rentable area of 28,416 square feet

Net Rent: s. 17(1) (d) (e) & (f) and s. 21(1)

Plus property taxes as if levied, and HST

Use: Records and document storage facility

Renewal
Option: One - five (5) year option to renew on the same terms and conditions save and except rent, which is to be negotiated at market rates

Cancellation: The Landlord may terminate the lease or any renewal lease upon providing the Tenant with six (6) months written notice of cancellation.

Other Terms: The lease will be provided on the City’s current standard form of Lease for commercial tenants. Terms and conditions of the lease are to be drawn to the satisfaction of the Directors of Legal and Real Estate Services, it being noted that no legal right or obligation shall arise or be created until the execution of the lease.

The rent to be credited to the Property Endowment Fund (“PEF”).

The attached Administrative Report dated April 4, 2012, refers.

Verbal Briefing: 508 Helmcken Street

David McLellan, Deputy City Manager, provided an overview of negotiations related to a housing proposal involving properties adjacent to Emery Barnes Park and requested feedback on a proposed Council approval process. Mr. McLellan, along with Penny Ballem, City Manager, Michael Flanigan, Director, Real Estate Services, Bill Aujla, General Manager, Real Estate and Facilities Management, and Patrice Impey, General Manager, Financial Services, responded to questions.

The PowerPoint Presentation dated April 18, 2012, refers.  

Proposed Sale of 198 West Hastings Street, Vancouver

A. THAT Council authorize the Director of Real Estate Services to complete the sale of City owned property located at 198 West Hastings Street, legally described as Parcel D, Block 28, District Lot 541, Group 1, New Westminster District, Reference Plan LMP41672, (PID 024-477-648), as shown highlighted on Appendix “A” of the Administrative Report dated April 16, 2012, entitled “Sale of 198 West Hastings Street, Vancouver” (the “Subject Property”) to Mrs. Ratana Stephens (the “Purchaser”), or an assignee approved by the Directors of Real Estate and Legal Services, at the purchase price of s. (17)1.

B. THAT Council authorize the Director of Real Estate Services to pay the Buyer’s Agent, Colliers International, the buyer’s portion of commission equalling 1.5% of the purchase price s. (17)1 upon completion of the transaction.

The Report dated April 16, 2012 , refers.

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