September 9, 1998

To:Corporate Services Committee

From:Commissioner of Corporate Services

Subject:Disposition of City-owned Property

Dundas Street West and Viking Road

(Ward 4 - Markland - Centennial)

Purpose:

To declare surplus to the City's requirements the property described in this report.

Funding Sources, Financial Implications and Impact Statement:

Revenue will be generated from the eventual sale of these lands.

Recommendations:

It is recommended that:

(1)the property described herein be declared surplus to the City's requirements;

(2)upon compliance with the requirements of By-law No. 551-1998 and subject to easement protection for utilities, the property be offered for sale at market value to the adjacent land owner; and

(3)the appropriate City officials be authorized and directed to take the necessary action to give effect thereto.

Council Reference/Background/History:

The subject property, along with other lands in the area, was acquired for the construction of the Six Points Interchange in the early 1960's. The subject lands are surplus to this project.

Comments and/or Discussion and/or Justification:

Description of Lands:

Subject Property: Part of lots 13, 14, 15, 16, 18 and Block A, Registered Plan 3408, City of Etobicoke, shown as Part 2 on Plan 64R-11556.

Location:South side of Dundas Street West and north side of Viking Road, West of Kipling Avenue

Dimensions:Irregular

Lot Area:1,673 square metres (18,008 square feet)

Property Type:Vacant Land

Zoning:IC1 (Industrial)

The adjacent land owner to the west (Crest-Corp Holdings Limited) has submitted a site specific plan proposing a three-tower residential complex, with some commercial uses as well. This would require an assembly of a number of adjacent sites including the subject. I am advised that the majority of the lands required for this development have been assembled.

While the subject lands are viable, their most appropriate use is considered to be in their assembly with the surrounding lands for the use proposed above.

Property Canvass:

The property was canvassed on April 15, 1998 to various City Departments, Agencies, Boards and Commissions. No interest has been expressed.

Conclusion:

The subject lands are not required by the City and should be declared surplus and offered for sale to the abutting owner at market value.

Contact Name:

Ms. Sheryl Badin, Real Estate Services, (416)392-8142, Fax No.: (416)392-4828, E-Mail Address: sheryl_badin@metrodesk.metrotor.on.ca (cs98159.wpd)

Margaret Rodrigues

Commissioner of Corporate Services