THAT: The Building & Planning Department prepare a report on municipally owned lands located at a) Bella and Francis Streets and b) 480 Saulsbury Street for the consideration of residential development, and further;
THAT: a draft Expression of Interest for residential development on these sites be brought back to Council for approval at the May 20th meeting of Council, and further;
THAT: the Expression of Interest include the following:
1) As part of the agreement, the land be sold to the developer for $1 with the Municipality reserving the right of first refusal on any future sale; and
2) That the agreement to maintain affordable rents for a period of not less than 25 years; and
Francis Street Lot:
- mid to high rise community of affordable and or attainable and market rent housing
- include a park feature
- accommodate a range of transportation options including bikes, ebikes, cars and electric vehicles
- use energy efficiency standards and green building techniques
Saulsbury Street Lot:
- low to mid rise community of affordable and/or attainable and market rent housing
- accommodate a range of transportation options including bikes, ebikes, cars and electric vehicles
- use energy efficiency standards and green building techniques