UCS2021-1261

That with respect to Report UCS2021-1261, the following be adopted: That Council: Authorize the recommendations outlined in Attachment 3; Authorize the Director of Real Estate & Development Services to approve any rectifications, corrections, changes, additions, or deletions of any terms and conditions which are necessary in order to facilitate the negotiation, completion and administration of the amendment of The City of Calgarys cost sharing relationship with Saddleridge Limited Partnership and Saddleridge GP Inc. (collectively, Saddleridge LP); Approve a Saddle Ridge Cell D Final Recovery Rate of $95,258 per gross developable hectare, to be adjusted as required to account for appropriate carrying costs or additional construction-related costs; and Direct that the Report, Recommendations, and Attachment 3 and 4 remain confidential pursuant to Sections 23 (Local public body confidences), 24 (Advice from officials), and 25 (Disclosure harmful to economic and other interests of a public body)of the Freedom of Information and Protection of Privacy Act until The City of Calgary (The City) and Saddleridge LP have signed an amending agreement consistent with the above recommendations.