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City of Waterloo Public Notice Disposition of Property

Posted on Wednesday May 29, 2013


1. The Council of The Corporation of the City of Waterloo intends to consider disposing of a portion of the Iron Horse Trail bounded by Caroline Street and Park Street as follows:

  i) the City will convey to One 55 Mady Ltd. 760.8 square metres of land, currently used as the Iron Horse Trail; and,

 ii) One 55 Mady Ltd. will convey to the City 700.1 square metres of land, for the relocation of the Iron Horse Trail immediately to the south of the development known as 144 Park Street.

2. If approved, these transactions are scheduled to close within (120) days of approval from Council.

3. The land will be conveyed to One 55 Mady Ltd. in exchange for the land to be conveyed to the City plus $83,000.

4. The appraisals of the subject lands is available for inspection in the Clerk’s Office.

5. Before disposing of any real property, City Council must declare by by-law or resolution, at a meeting open to the public, that the real property is surplus.

At a meeting to be held on Monday, June 10, 2013 in the Council Chambers, Council will hear any person who wishes to speak to this disposition and who has registered as a delegation with the City Clerk’s Office 519-747-8549 no later than 10:00 a.m. on Monday, June 10, 2013.

Dated this 29th day of May 2013.

Susan Greatrix, City Clerk
City of Waterloo
100 Regina Street South
Waterloo, Ontario  N2J 4A8