Title
SALE OF 36 MULCASTER STREET - AMENDMENTS TO THE TERMS OF AGREEMENT AND CONSULTATION PERIOD (WARD 2)
1. That the Option to Purchase Agreement between The Corporation of the City of Barrie ("City") and PACC Mulcaster Corporation ("PACC") for the purchase of 36 Mulcaster Street be amended to reflect the following changes:
a) That the completion date be extended from 60 days after the exercising of the Option to Purchase to no later than 30 days after the removal of all conditions;
b) That the date in which the City's conditions must be satisfied be extended from on or before the completion date to May 31, 2015;
c) That the City continue to operate the existing municipal parking lot after the sale to the PACC and until such time as a building permit is issued for the proposed development; and
d) That all parking related infrastructure be excluded from the sale of 36 Mulcaster Street.
2. That the City Clerk be authorized to execute any documents requisite to amend the Option to Purchase Agreement in a form approved by the Director of Legal Services.
3. That consultation with Heritage Barrie regarding a development concept that retains the historic and architectural significance of the Armouries building and site occur through site plan approval, after closing of the sale of the property. (PLN010-15) (File: D18-36MUL)