HomeMy WebLinkAboutTR-54-88 U1
n TOWN OF NEWCASTLE
REPORT File #
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Res.
4o),
By-Law
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: July 4, 1988
PBUT #: TR-54-88 FILE #:
SMUT: SALE OF PROPERTY, TOWN OF NEWCASTLE PLAN 693, BLK A
ASSESSMENT ROLL #030-050-14201
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and Administration
Committee recommend to Council the following:
1. That this report be received; and
2. That Mr. Dennis Abramoff, Orono, Ontario, with an offer in the amount
of $6,600.00, be accepted for the sale of property located on Peter's
Pike, Orono, Plan 693, Blk A, in accordance with the Town of
Newcastle Procedure for Property Disposal as adapted by Council; and
3. That the funds generated from the approved sale be credited to
Parkland Reserve Fund, Account #5001-861-7-4.
BACKGROUND AND COMMENT:
Further to a previous recommendation from Council, deeming the above property
as surplus to the Town's needs, staff have obtained an appraisal from Property
Valuators and Consultants Ltd. , Bowmanville. The estimated value of the
property is $6,600.00, based on the highest and best use being as add-on land
for an abutting property owner.
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TR-54-88
SALE OF PROPERTY, TOWN OF NEWCASTLE - PLAN 693, BLK A
ASSESSMENT ROLL #01301-01501-14201
Subsequently and in accordance with the Town of Newcastle Procedure for Property
Disposal, if no interest is expressed by any Government Agency, then staff must
contact the abutting property owners to see if they are interested in acquiring
the property at the appraised value. If there is no interest, then the Town
may sell the property by public tender.
In discussions with the abutting property owner, Mr. Dennis Abramoff, the
gentleman has agreed to purchase the property at the appraised value of
$6,6001.00, and that the property will be merged and become one (1) parcel of
land. All costs associated with the sale of this property, including the land
appraisal, would be at the expense of Mr. Abramoff. A deposit of $500.001 has
been obainted. See attached letter from Mr. Abramoff marked Schedule "A", as
well as a map outlining the said property marked Schedule "B".
After further review of the offer by both Treasury and the Chief Administrative
Officer, it is recommended that the bid from Mr. Dennis Abramoff, Orono,
Ontario, be accepted as offered.
Respectfully submitted, Recornnended for presentation
to the Committee,
R. Blanchard, Lawrence otseff,
Treasurer. Chief A iin'strative Officer.
LAB/hjm
Attachments
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SCHEDULE "All
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SCHEDULE "B". -
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