THAT Report 25-032-OCM 575 Margaret Street - Civic Legion Park Property Acquisition be received;
AND THAT Council authorize the purchase of the property municipally known as 575 Margaret Street, Cambridge, Ontario in accordance with the terms and conditions as set out in the agreement of purchase and sale at a purchase price of $4,000,000, plus applicable taxes, and an upset limit of $100,000 toward ancillary cost (legal fees, development charges, planning fees and expenses, permits, demolition fees, etc.);
AND THAT Council direct the City Solicitor to terminate the lease between Branch 126 Royal Canadian Legion and the Corporation of the City of Cambridge entered in September 2018;
AND THAT a transfer of approximately $4,000,000 plus applicable taxes and ancillary costs from project number A/01605-10 be approved;
AND FURTHER THAT the Mayor and Clerk be authorized to execute all documentation required to implement and give effect to the adopted recommendations as set out in this report, subject to the satisfaction of the City Solicitor.