THAT Council approve the transfer of the City-owned property located at 2140 Lake Trail Road, legally described as Lot A, District Lot 96, Comox District, Plan EPP58827, to Habitat for Humanity Vancouver Island North Society for the purchase price of $1, subject to the satisfaction of the following conditions:
THAT the City provide public notice of its intention to dispose of the property and provide assistance in accordance with sections 24, 26 and 94 of the Community Charter; and
THAT if feedback is received from the community in response to the notice of disposition and assistance, the land transfer be paused and staff be directed to report back to Council with a summary of the feedback and any recommended next steps prior to completion of the transfer; and
THAT a covenant be registered on title, pursuant to section 219 of the Land Title Act, requiring that a minimum of three dwelling units be constructed on the property; and
THAT subject to the completion of the notice requirements and, if applicable, Council’s consideration of any community feedback received, the Director of Financial Services be authorized to execute all documents necessary to complete the transfer;
AND THAT Council direct staff to return with a future report outlining the confirmed development cost charges, permit fees, and offsite servicing costs associated with the development of 2140 Lake Trail Road, and to seek Council authorization for the expenditure of those costs from the Affordable Housing Reserve.