ADMINISTRATIVE REPORT
Date: September 11, 1996
Dept. File Nos. F943, F948,
F963, F964, F969, F972, F975, F977,
F978, F979, F981
TO: Vancouver City Council
FROM: Manager of Real Estate
SUBJECT: Sale of Residential Lots: 6206 and 6256 Arlington Street;
6202, 6260 and 6250 Kings Lynn Street; 3542 and 3512 East
46th Avenue; 3537, 3547, 3557 and 3577 Petersham Avenue
RECOMMENDATION
A. THAT Council accept the Offer to Purchase City-owned Lot 1 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-387-700) from
Goleco Construction Ltd. in the amount of $290,100 under the
terms and conditions contained in the City's "Offer to
Purchase" tender form.
B. THAT Council accept the Offer to Purchase City-owned Lot 6 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-387-785) from
Goleco Construction Ltd. in the amount of $290,100 under the
terms and conditions contained in the City's "Offer to
Purchase" tender form.
C. THAT Council accept the Offer to Purchase City-owned Lot 21 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-387-939) from
S.S.L. Construction Ltd. in the amount of $263,168 under the
terms and conditions contained in the City's "Offer to
Purchase" tender form.
D. THAT Council accept the Offer to Purchase City-owned Lot 22 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-387-947) from
Nicholas and Cynthia Poon in the amount of $262,200 under the
terms and conditions contained in the City's "Offer to
Purchase" tender form.
E. THAT Council accept the Offer to Purchase City-owned Lot 27 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-387-998) from
Oscar Development Ltd. in the amount of $263,333.33 under the
terms and conditions contained in the City's "Offer to
Purchase" tender form.
F. THAT Council accept the Offer to Purchase City-owned Lot 30 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-388-272) from
446661 B.C. Ltd. in the amount of $284,600 under the terms and
conditions contained in the City's "Offer to Purchase" tender
form.
G. THAT Council accept the Offer to Purchase City-owned Lot 33 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-388-102) from
Oscar Development Ltd. in the amount of $286,333.33 under the
terms and conditions contained in the City's "Offer to
Purchase" tender form.
H. THAT Council accept the Offer to Purchase City-owned Lot 35 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-388-129) from
Sona Development Ltd. in the amount of $268,201 under the
terms and conditions contained in the City's "Offer to
Purchase" tender form.
I. THAT Council accept the Offer to Purchase City-owned Lot 36 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-388-137) from
S & S Drywall Co. Ltd. in the amount of $268,301 under the
terms and conditions contained in the City's "Offer to
Purchase" tender form.
J. THAT Council accept the Offer to Purchase City-owned Lot 37 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-388-145) from
John and Mary Rennie in the amount of $267,500 under the terms
and conditions contained in the City's "Offer to Purchase"
tender form.
K. THAT Council accept the Offer to Purchase City-owned Lot 39 NE
1/4 of District Lot 339, Plan LMP 27811 (PID 023-388-161) from
Kam Enterprises in the amount of $267,100 under the terms and
conditions contained in the City's "Offer to Purchase" tender
form.
GENERAL MANAGER'S COMMENTS
The General Manager of Corporate Services RECOMMENDS approval of A
to K.
COUNCIL POLICY
The Vancouver Charter section 190 (b) authorizes Council to dispose of
City-owned property deemed to be surplus to the City's needs.
PURPOSE
The purpose of this report is to request Council approval to accept the
offers to purchase City-owned property at 6206 and 6256 Arlington
Street, 6202, 6260 & 6250 Kings Lynn Street, 3542 & 3512 East 46th
Avenue, 3537, 3547, 3557 and 3577 Petersham Avenue (Appendix A).
BACKGROUND
On January 17, 1995 Council approved in principle to re-subdivide the
property at 46th Avenue and Arlington Street, and once the subdivision
was registered and the lots fully serviced, for the Manager of Real
Estate to sell the newly created lots by tender.
Forty lots were created, all held in the Property Endowment Fund and are
zoned RS-1 (one-family dwelling district).
The lots were advertised for sale by tender with closing dates of June
24, 1996 for the first 11 lots and August 26, 1996 for the balance.
Seven lots were sold and the sales reported to Council for acceptance
September 10, 1996.
PRESENT SITUATION
Further offers are now received and opened every Tuesday at 9:30 a.m.
The following offers are deemed to represent current market value and
are recommended for acceptance by the Manager of Real Estate Services.
Lot # Amount Purchaser
1 $290,100 Goleco Construction Ltd.
6 290,100 Goleco Construction Ltd.
21 263,168 S.S.L. Construction Ltd.
22 262,200 Nicholas and Cynthia Poon
27 263,333.33 Oscar Development Ltd.
30 284,600 446661 B.C. Ltd.
33 286,333.33 Oscar Development Ltd.
35 268,201 Sona Developments
36 268,301 S & S Drywall Co. Ltd
37 267,500 John and Mary Rennie
39 267,100 Kam Enterprises
The Manager of Real Estate will be accepting offers on the remaining
tendered lots and will report to Council for approval of acceptable
offers.
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