City Council Agenda - November 26, 2012 - City of Guelph

October 22, 2012 Page No. 299AND THAT the guidelines for the sale of city-owned landwithin the Hanlon Creek Business Park, as attached to theOctober 9, 2012 report entitled ‘City Land Sale ApprovalProcess and Guidelines – Hanlon Creek Business Park’ beapproved;AND THAT the General Manager of Economic Developmentbe directed to negotiate the purchase price for the sale ofcity-owned land within the Hanlon Creek Business Park,subject to the parameters outlined in the October 9, 2012confidential report entitled ‘Negotiation of the PurchasePrice for the Sale of City-Owned Land – Hanlon CreekBusiness Park’.b) Prices for the Sale of City-Owned Land –Hanlon Creek Business Park Phase 1Mr. P. CartwrightMr. A. HorsmanTHAT the prices for the sale of city-owned land within theHanlon Creek Business Park Phase 1, as attached to theOctober 9, 2012 report entitled ‘Prices for the Sale of City-Owned Land – Hanlon Creek Business Park Phase 1’, beapproved;AND THAT the General Manager of Economic Developmentreport back to Committee/Council on an annual basis toreview and establish prices for the sale of city-owned landwithin the Hanlon Creek Business Park Phase 1 for eachsubsequent year;AND THAT the city pay real estate commissions tobrokers/realtors who have introduced and registered theirclient with the Economic Development Office, in the totalamount of up to 5% of the total purchase price plus HSTon the commission, from the proceeds of the sale onclosing.c) Amending Agreement to a DevelopmentCharge Early Payment Agreement – WurthCanada Limited, Hanlon Creek Business ParkMr. A. HorsmanMr. P. CartwrightTHAT the Mayor and Clerk be authorized to execute anAmending Agreement to a Development Charge EarlyPayment Agreement between the Corporation of the Cityof Guelph and Wurth Canada Limited, for the landsdescribed as all of Block 9, Registered Plan 61M-169 inthe Hanlon Creek Business Park, as outlined in the reportof the General Manager of Economic Development datedOctober 9, 2012.