The Scarborough Community Council recommends the adoption of the following report (March 12, 1998) from the Director, General Legal Services and Administration, Scarborough:

Purpose:

Bow Vista Homes Limited entered into a Development Agreement with the City of Scarborough to develop the lands located at 6269 Kingston Road. All departments have completed the acceptance form for the above development. The services installed with respect to this agreement can now be assumed by the City.

Recommendations:

It is recommended that:

(1) the services installed pursuant to the Development Agreement dated the 11th day of July, 1994, with Bow Vista Homes Limited, be accepted;

(2) on payment of the outstanding accounts, the Legal Services Department be authorized to release the performance guarantee with the exception of a cash deposit in the amount of $2,000.00 as set out in the attached report; and

(3) the City Clerk and Treasurer be authorized to sign any release or other documentation necessary to give effect of this acceptance.

Background:

All departments have completed the development acceptance for the development located at the south-west corner of Kingston Road and Meadowvale Road (Part of Lot 76, Registrar's Compiled Plan 9887) with the following proviso:

$2,000.00 be retained as cash deposit for the maintenance of the retaining wall constructed along the south limit Part 7.

The services installed for this development could now be accepted.

Contact Name:

Anna Kinastowski, Director

General Legal Services & Administration

(416) 396-7739

(416) 396-4262 Fax Number