January 2 sts 1974

lane North of ‘the s Lougheed itghvay and adjotning } Lot 17, Plan. 42867 to the c Rast,

. and that the same be offered for sale at the appraised fair cnarket wlue price."

and poduting out that in a -menorandun fron the Assessor dated January 17th, 1974,

the value. placed on ‘the property is 9%, 000. 00:

Moved by Alderman Keryluk:

@ Seconded b . Alderman baking: t

That, ‘the = portion of dane. North: of the 1 Loughioed Highway and adjoining Lot 77,
Plan 42867 to the Bast be offered for sale at the upset price of $4, 000. 00, and
‘that a copy of the sale. notice be Forwarded | to the owners of the properties on the

East and West, being Pulsar “Holdings Ltd. and Imperial Oil Ltd., respectively, but

not advertised in the newspapers. Carried.
mes .. - Alderman Thompson voted against. the resolution.

Prior. to passage of. the foregoing resolution, Alderman Keryluk stated he saw
no point in advertising the sale in the newspapers as he did not feel. anyone else
would be. interested, Alderman Traboulay referred to unused lane allowances where
adjoining residents use. the land. knowing that. the City could get it back at some
future date if required , and queried: whether or not the lane in question would
fall into that category; however, the City Administrator advises that inthis. par-
ticular. situation . the owner would like: to construct buildings. on the Property, and

ee only alternative ‘would: be: to. lease the land on a long-term basis. Alderman
Ranger .referred to a policy: -he and Alderman Traboulay had struck on the 1973 Land
’ Sale Committee that would allow people to use the land, but the City would. retain
“title to it, and he suggested that. this: year’ ‘s Committee present the Proposed pol-
iey to the Council at its earliest convenience. “Alderman Traboulay. stated his
view that in this particular situation the City should be ‘considering leasing the
land: rather. .than selling ity however ,. Mayor Campbell pointed out that the area of
the property is not sufficient in itself to be used as a building lot. and. there~
fore he favoured selling, the property. Alderman Thompson commented that the ap-—
-plicant. 1 was originally advised he could purchase the property for the sum of. $1. 00;
‘although: the Department of ‘Municipal: Affairs. stated its. ‘view. that the. parcel should
be offered for sale ata fair market value after being advised that . the provision
of a turn-around at: the West end of the existing jane albwance North of Lot 77
would not be feasible because of the substantial amount of property that would be.
. @ voqsices ¢ therefor, and he inquired whether. the: Souncil would. -be prepared to go

back to its original offer of $1.00; however , members of. Council generally did not

favour ‘changing the present course. of. action. The : City. Clerk commented that. the

_Deyartnent of Municipal Affairs had actually approved. the sale of the property for.

“the ‘sum of a. 00 on the’ strength of information that there would be a turn-around _