| Agenda - Executive Policy Committee - June 19, 2002 REPORTS 2. From the Director of Planning, Property and Development and the Director of Public Works Report 2002/06/10 Proposed Acquisition of Environmentally Sensitive Land Under Proposed Plan of Subdivision DASZ 19/00 (Bois des Esprits) and Environmental Impact Study File DASZ 19/00 Recommending: 1. That the Director of the Planning, Property and Development be instructed to: a) Advise the developer that the City�s financial contribution for acquisition of such portions of the tree stand lands above the waterway requirement as total available funding will permit will be based on a price of $65,000.00 per acre; and, b) Encourage the Save Our Seine River Inc. (SOS) to launch a �time-limited� fundraising campaign (to December 31st, 2002) and to consider approaching various alternative sources of support such as the Evergreen Foundation, the developer, the Province of Manitoba and the community at large toward funding an acquisition of as much as possible of all three categories of the tree stand lands; and, c) Advise the S.O.S. that the City, subject to Council approval, is prepared to commit $1M towards the acquisition of the tree stand and in addition, is prepared to match dollar for dollar all other alternative sources to a maximum of $0.6M (City contribution) for funding the said proposed acquisition, all based on a price of $65,000.00 per acre; d) Identify and to report back as to the sources of funding and method of payment to use in acquiring the lands. e) Obtain an independent assessment on the long-term traffic and environmental impacts of the three alternative bridge locations to access the proposed Royalwood Phase II residential development; and pending the opinion of this independent assessment, ensure that the lands now readily available for bridge construction be preserved accordingly. 2. That, subject to recommendation 1. e) above, an additional appropriation of $50,000.00 be provided in order to obtain the independent assessment. |