Title
SALE OF 10-14 COLLIER STREET
1. That the City Clerk be authorized to execute Agreements of Purchase and Sale for the City owned property known municipally as 10-14 Collier Street described legally as Part of Lots 64, 65 and 66 of Plan 2, now further described as Parts 1,2,3,4,5,6 and 8 of Plan 51R-17218 and Part 1, Plan 51R-19316 being all of PINS 588170165 and 588170123 to any Buyer who wishes to participate in the Request for Information as to the availability of office space for lease in downtown Barrie issued by the Public Works and Government Services Canada subject to the following conditions:
a) The purchase price of the property shall be set at $900,000.00 for all prospective Buyers;
b) The offer will be conditional on the Buyer being awarded a contract with the Department of Public Works and Government Services initiated by Project Reference Number 194733 - Solicitation Number 531624 - Barrie;
c) The City will indemnify the Buyer for the cost of any environmental mitigation required on site; and
d) That the form of Agreement of Purchase and Sale be prepared to the satisfaction of the Director of Legal Services.
2. That the proceeds from the sale of the property be deposited in the Tax Capital Reserve Account. (LGL011-10) (File: L17-38)