3071 Riverside Drive - Former Bayview School
The Ottawa Carleton District School Board (OCDSB) declared the former Bayview School at 3071 Riverside Drive in River Ward as surplus in 2007. On 28 November 2007, Council directed staff to negotiate acquisition and provide Council with a redevelopment plan and funding recommendation. Due diligence of the site revealed underground contamination, and negotiations during the sale of the property resulted in an agreement that the OCDSB would remediate the site. In addition, the City provided $435,000 towards the demolition of the existing school building on the site. The City acquired the 4 hectares (10 ac.) property from the OCDSB for a negotiated purchase price of $8,090,000 in October 2008 (ACS2007-BTS-RPM-0042). The acquisition was in part intended to preserve green space consisting of an existing sports field, with the intent to sell the remainder of the property for mixed density development in support of the objectives of the Official Plan and to offset the acquisition cost for the property. On 9 February 2011, Council approved the acquisition of an adjacent 0.30 hectare (0.64 ac.) parcel of land that would provide improved access to the development area of the site and increase its overall value for resale (ACS2011-CMR-REP-0009). Acquisition of the additional parcel was completed on 15 March 2011 for $475,000.
The overall cost to acquire the two parcels of land and fund the demolition work was $9,000,000.
From the Report to Finance and Economic Development Committee and Council, January 28, 2014
http://app05.ottawa.ca/sirepub/view....s&fileid=99972
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