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2. SALE OF
PROPERTY – 293-295 CRICHTON STREET VENTE DE PROPRIÉTÉ – 293-295, RUE
CRICHTON |
Committee
RecommendationS AS AMENDED
That Council:
1. Declare
the property municipally known as 293-295 Crichton Street and shown hatched on
Annex “A” attached, containing approximately 196.0 m2 (2109.79 square feet), subject to final
survey, legally described as Lot 13, Registered Plan 111296 being all of PIN
04218-0316, in the City of Ottawa, as surplus to the City’s needs;
2. Approve
the sale of the property detailed in Recommendation 1, subject to any easements
that may be required, to Ramin Yazdani, in Trust, for the amount of $380,000
plus GST, if applicable, pursuant to an Agreement of Purchase and Sale that has
been received; and
3. That
the funds generated from the sale of these lands be held in reserve subject to
a review of the City’s Housing First Policy.
RECOMMENDATIONS MODIFIEÉS DU
COMITÉ
Que le Conseil :
1.
déclare excédentaire aux besoins de la Ville la propriété
dont la désignation civique est le 293-295, rue Crichton, correspondant à la
partie hachurée de l’annexe A ci-jointe, d’une superficie approximative de
196 m2 (2 109,79 pieds carrés), sous
réserve de l'arpentage final, décrite au cadastre comme le lot 13, plan
enregistré 111296 faisant partie de PIN
04218-0316;
2.
approuve
la vente de la propriété détaillée dans la recommandation 1, sous réserve des
servitudes requises, à Ramin Yazdani, en fiducie, pour la somme de
380 000 $, TPS en sus, conformément à la convention d'achat et de vente
qui a été reçue ; et
3. que les fonds générés par la vente desdits
terrains soient tenus en réserve compte tenu de l’examen de la politique de
priorité au logement de la Ville.
DOCUMENTATION
1.
City Manager’s report dated 7 January (ACS2008-CMR-CPO-0002).
2.
Extract
of Draft minutes.
Report to/Rapport au :
Corporate Services and
Economic Development Committee
Comité des services organisationnels et du développement économique
and Council / et au Conseil
7 January 2009 / le 7 janvier 2009
Submitted by/Soumis par : Kent Kirkpatrick,
City Manager/ directeur municipal
Contact Person/Personne ressource : Gordon MacNair, Manager Real Estate
Services, Corporate Project Office/ gestionnaire, Services immobiliers, Bureau
des projects municipaux
(613) 580-2424
x 21217, Gordon.MacNair@ottawa.ca
SUBJECT:
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OBJET :
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VENTE DE PROPRIÉTÉ – 293-295, RUE CRICHTON
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REPORT RECOMMENDATIONS
That the Corporate Services
and Economic Development Committee recommend Council:
1.
Declare the property municipally known as 293-295
Crichton Street and shown hatched on Annex “A” attached, containing
approximately 196.0 m2
(2109.79 square feet),
subject to final survey, legally described as Lot 13, Registered Plan 111296
being all of PIN 04218-0316, in the City of Ottawa, as surplus to the City’s
needs; and
2.
Approve the sale of the property detailed in
Recommendation 1, subject to any easements that may be required, to Ramin
Yazdani, in Trust, for the amount of $380,000 plus GST, if applicable, pursuant
to an Agreement of Purchase and Sale that has been received.
RECOMMANDATIONS DU RAPPORT
Que le Comité des services organisationnels et
du développement économique recommande au Conseil :
1.
de
déclarer excédentaire aux besoins de la Ville
la propriété dont la désignation civique est le 293-295, rue Crichton,
correspondant à la partie hachurée de l’annexe A ci-jointe, d’une superficie
approximative de 196 m2 (2 109,79 pieds carrés), sous réserve de l'arpentage final, décrite au cadastre
comme le lot 13, plan enregistré 111296 faisant partie de PIN 04218-0316; et
2.
d'approuver
la vente de la propriété détaillée dans la recommandation 1, sous réserve des
servitudes requises, à Ramin Yazdani, en fiducie, pour la somme de
380 000 $, TPS en sus, conformément à la convention d'achat et de vente
qui a été reçue.
BACKGROUND
The subject property is improved with a two storey double residence situated on a parcel of land containing a total area of 196.0 square metres (2,110.79 square feet) and is zoned R4 – Residential Fourth Density. The property is legally described as Lot 13, Registered Plan 111295 being all of PIN 04218-0316 and is shown hatched on the attached Annex “A” sketch.
The Regional Municipality acquired the subject property in the mid 1970’s together with 281-283 Crichton and 245 Crichton Street for the future Vanier Parkway extension. In December 1999 the Ontario Municipal Board decision was confirmed, removing the Vanier Parkway extension from the Regional Official Plan.
The two residential units had been leased since the property was acquired. As a result of the intention to sell the property one of the units was not re-leased after the last tenants vacated. The other is currently occupied and the property is being conveyed with the tenant in place.
As the
Crichton Street properties were no longer required for the Vanier Parkway
extension, a circulation was undertaken in 2003 together with 281-283 Crichton
and 245 Crichton Street to determine if there was any other need from other
City departments requiring the retention of these properties. The Housing Branch indicated interest in the
properties for affordable housing and proceeded with their review together with
canvassing other affordable housing providers.
The Housing Branch considered refurbishment, demolition and rebuild and
sell-off to either a housing provider or to a developer on the open market.
As a
result of the studies and the lack of interested affordable housing providers
to acquire these properties, Housing staff released their hold on the
properties and the properties were cleared for disposal.
DISCUSSION
The subject property was listed for sale with Century 21 Capital Realty Inc. and was advertised for sale on Friday October 14th, 2008. The availability of the property was also listed on the City’s Properties for Sale Web Page. Interested parties were given until October 31, 2008 to submit offers.
Three offers were received and after review the offer from Ramin Yazdani, in Trust, in the amount of $380,000 was deemed to be the best offer and was accepted conditional upon City Council approval.
It is the intention of the purchaser to renovate the two units for resale.
An appraisal confirms that the purchase price is consistent with current market values for similar types of properties.
The offer is considered fair and reasonable and is recommended for acceptance.
ENVIRONMENTAL IMPLICATIONS
The subject property does not contain natural environment lands designated as significant in the Official Plan or areas identified in the Urban Natural Areas Environmental Evaluation Study (March 2006). No significant implications to the natural environment have been identified for the proposed sale of this property.
CONSULTATION
In accordance with policies approved by City Council on 14 November 2001, the availability of the property was circulated to all client City Departments, including the Housing Branch, Public Works and Services and Planning and Growth Management, now Infrastructure Services and Community Sustainability, to determine if the parcel should be retained for a City mandated program. The Environmental Sustainability Division of the Infrastructure Services and Community Sustainability Department was consulted with respect to the Urban Natural Area Environmental Evaluation Study and Greenspace Master Plan, their comments are indicated under the Environmental Implications section of this report.
Only the Housing Branch indicated
an interest in the property.
The utility companies were also circulated and no interest was expressed in the retention of an easement.
The following Advisory Committees have been circulated:
Local Architectural Conservation Advisory Committee (LACAC)
Ottawa Forests and Greenspace Advisory Committee (OFGAC)
Environmental Advisory Committee (EAC)
Parks and Recreation Advisory Committee (PRAC)
Roads and Cycling Advisory Committee (RCAC)
Rural Issues Advisory Committee (RIAC)
Pedestrian and Transit Advisory Committee (PTAC)
No concerns were expressed with
respect to the sale of this property.
The ward Councillor is aware of the sale of this property and supports staff’s recommendation.
HOUSING FIRST POLICY
The Official Plan policy directs that the City make land available for affordable housing and give priority for the sale or lease of surplus City-owned property for this purpose.
The Housing First Policy, approved by Council on 13 July 2005, establishes priority consideration to the Housing Branch in the identification of potentially surplus City-owned property to be used in achieving the City’s affordable housing program targets. The policy also requires that the Official Plan target of 25% affordable housing, be met on any City-owned property sold for residential development. Where viable residential properties are disposed of without a condition requiring an affordable housing component, 25% of the proceeds from the sale are to be credited to a housing fund to be used for the development of affordable housing elsewhere in the City.
The subject property is a viable residential property and under the Housing First Policy approved by Council, 25% of the proceeds of the sale are to be credit to the Housing Reserve Fund.
LEGAL/RISK MANAGEMENT IMPLICATIONS:
There are
no legal/risk management impediments to implementing any of the Recommendations
arising from this Report.
FINANCIAL IMPLICATIONS
This transaction represents revenue of $380,000 to the Corporation. These revenues are to be split with $271,350 to be credited to the City’s Sale of Surplus Land Account and $90,450 to be credited to the Housing Reserve Fund as per the housing first policy, subject to any adjustments at closing.
SUPPORTING DOCUMENTATION
Attached, as Annex "A" is a sketch showing the surplus property.
DISPOSITION
Following Council’s approval, Real Estate Services Division and the Legal Services Branch will finalize the sale transaction.
