THAT the City staff work with the Canada Mortgage and Housing Corporation (CMHC) to develop a program to incentivize an Affordable Rental Housing based project at the Former Queen Mary School (Community Resource Center Quinte), after which COUNCIL will invite proposals with the following conditions;
- a 90 day open period with renewals at Council’s discretion
- a portion of the property to be identified by the City will be retained as public access park/playground (apprx. 1 acre +/-)
- submission of intended development concept of property including total number of units and amenities
- submission of expected total capital investment
- submission of timeline for development (expected start and completion)
- recognition that process will be open and public
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