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