That Report CS-25-051, Request for Closure and Conveyance of Bay Street, Plan 436, now Livery Lane; Norfolk County, be received as information;
And That Bay Street, Plan 436, now Livery Lane; Norfolk County, as set out in the report, be declared surplus to municipal needs, approved for closure and conveyance to 2610276 Ontario Inc., at a valuation of $8.03 per square foot;
And That Council provide an exemption to Policy EBS-22: Permanent Road Allowances, Lanes and Alleys Closure to convey a road allowance leading to and abutting a body of water;
And That the property owner be responsible for all costs associated with the process for closure and conveyance of Bay Street, now Livery Lane, as set out in the report, including but not limited to, all relevant surveying costs, title searching costs, appraisal costs, advertising costs and all document registration costs;
And Further That the net proceeds from the sale of the subject property be recorded as revenue in the current year’s operating budget, with the net proceeds to be transferred to the Land Reserve..