Rezoning Application No. RA491 and Property Disposition No. LD3857 - 120 Needham Street, 515, 535, 545, and 575 Nicol Street
Motion
That: 1. Council approve the disposition of City-owned property at 545 Nicol Street to Nicol Street Residential Holdings Inc. for $25,000; 2. Council direct the Mayor and Corporate Officer to execute the necessary documents to affect the property disposition transaction; 3. “Zoning Amendment Bylaw 2024 No. 4500.221” (to rezone 120 Needham Street, 515, 535, 545, and 575 Nicol Street, from Single Dwelling Residential [R1] and Community Corridor [COR3] to Residential Corridor [COR1] with site -specific provisions) pass first reading; 4. “Zoning Amendment Bylaw 2024 No. 4500.221” pass second reading; 5. “Zoning Amendment Bylaw 2024 No. 4500.221” pass third reading; and, 6. Council direct Staff to secure the conditions related to “Zoning Amendment Bylaw 2024 No. 4500.221”, as outlined in the “Conditions of Rezoning” section of the Staff Report dated 2024-APR-22, prior to final adoption.
Sources
Agenda itemCity agenda
Staff reportPage 2
Purpose
To present Council with an application to rezone 120 Needham Street, 515, 535, 545, and 575 Nicol Street, from Single Dwelling Residential (R1) and Community Corridor (COR3) to Residential Corridor (COR1) with site-specific provisions; and, to approve a property disposition of City-owned property located at 545 Nicol Street, in order to facilitate a multi- family residential development.
Staff recommendation
That: 1. Council approve the disposition of City-owned property at 545 Nicol Street to Nicol Street Residential Holdings Inc. for $25,000; 2. Council direct the Mayor and Corporate Officer to execute the necessary documents to affect the property disposition transaction; 3. “Zoning Amendment Bylaw 2024 No. 4500.221” (to rezone 120 Needham Street, 515, 535, 545, and 575 Nicol Street, from Single Dwelling Residential [R1] and Community Corridor [COR3] to Residential Corridor [COR1] with site-specific provisions) pass first reading; 4. “Zoning Amendment Bylaw 2024 No. 4500.221” pass second reading; 5. “Zoning Amendment Bylaw 2024 No. 4500.221” pass third reading; and, 6. …
DocumentsStaff report about Housing, Land Use & Urban Form