COUNC

REPORT OCT 18 1976

Mayor and Council October 7th, 1976

Housing Committee |

Re: Development of Lots — Taylor Street

Council referred to the Housing Committee the question of sale of City
lots on Taylor Street in cc.ujunction with certain developments proposed
for that area. The current proposal is to have the City participate in
the servicing costs of Taylor Street in order to make the development of
the whole area economical and that the City lots serviced thereby would
be offered for sale.

The Housing Committee has considered this proposal and recommends that
we participate in the servicing costs of Taylor Street and that 18 City-
owned lots outlined on the attached map, be offered for sale.

In support of this, the Committee can advise the Council of the following
tentative discussions that have taken place:-

1. Servicing costs appear to be reasonable and lots could be marketed
act a price that would permit A.H.O.P. housing.

Z. The Committee feels that the lots should be offered in the present
33' lot configuration rather than attempting to cancel interior lot
lines and replot the property. The City Planner concurs with this
recommendation

3. The Committee discussed two possible choices in marketing the
property

i. outright sale of the lots to local residents or builders, subject
to certain restrictions, perhaps incorporating the requirement that the
house be constructed to meet A.H.O.P. standards and to enable the City
to get a grant under the Municipal Incentive Grant Programme.

ii. offer the land for development proposals wherein the City would
invite proposals for the construction of a number of dwelling units that
would be innovative in design and would meet A.H.0.P. and M.I.G. requirements.
The successful bidder would then become eligible to purchase the land at
a certain price and would build and market the housing created.

The Committee preferred the latter alternative as a means as creating
some innovative housing. The Committee wants to pursue this particular
aspect of marketing more closely with local builders to see just what
the best alternative would be from a point of view of the sale of these

parcels.

4. The Committee has communicated with the Leisure Activities Committee
and understands that certain lands south of Connaught should be reserved
for park purposes. This is also shown outlined on the attached map. If