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7| W aterloo C hronicle | T hursday,M arch 29,2018 w aterloochronicle.ca 1362 VICTORIA STREET N. KITCHENER 519.742.9188 MON-FRI 9AM-9PM SATURDAY 9AM-6PM SUNDAY 10AM-5PM W W W . . C O M IN ST OCK SWISS MADE LAMINATE 95¢REG 2.99REG 2.99REG 2.99REG 2.99REG 2.99REG 2.99from95from95per sq ft HOT NEW PRODUCT IN ST OCK 13" x 13" PORCELAIN TILE 97¢REG 4.99REG 4.99REG 4.99REG 4.99REG 4.99REG 4.99from97from97 per sq ftper sq ftper sq ft WOW! HOT BUY! IN ST OCK IN ST OCK GRAY LUXURY VINYL PLANKS $197REG 3.99REG 3.99REG 3.99REG 3.99REG 3.99REG 3.99from per sq ft 100% WATERPROOF IN ST OCK T&G ENGINEERED EXOTIC WALNUT $399REG 7.99REG 7.99REG 7.99REG 7.99REG 7.99REG 7.99from per sq ft 5"WIDE ½"THICK IN ST OCK T&G ENGINEERED HARDWOOD $327REG 5.99REG 5.99REG 5.99REG 5.99REG 5.99REG 5.99from per sq ft 5" WIDE HICKORY IN ST OCK GLASS/MARBLE BACKSPLASH $497REG 9.99REG 9.99REG 9.99REG 9.99REG 9.99REG 9.99from per sq ft HOT NEW PRODUCT IN ST OCK MODERN FRIEZE CARPET $157REG 3.19REG 3.19REG 3.19REG 3.19REG 3.19REG 3.19from per sq ft PLUS NO TAX!! 2 DAYS ONLY! MARCH MADNESS THURSDAY 9-9 FRIDAY CLOSED SATURDAY 9-6 SUNDAYCLOSED $167/ LIN FT$157/ LIN FT67¢ / LIN FT 67 / LIN FT 67 7/83 " 5¼" 5½" MDF PRIMED WHITE BASEBOARDS March is Provincial Voter RegistrationMonth. #GetONit Be ready to vote on June 7, 2018. By the time you finish reading this, you could've confirmed your voter info online. elections.on.ca of: • Constructing a mini- mum of 6,503 square metres of office space with ground floor commercial opportu- nities. • Construction of a least one level of underground parking with a minimum of 70 spaces. • Ensuring the continua- tion of the Senior Services program at the ARC until the completion of the ex- pansion of the Waterloo Me- morial Recreation Com- plex. • An appropriate pur- chase price. • Design brief submissi- on. • And address the city's supplemental conditions guidelines that will form part of the purchase and sale agreement. The plan comes with some risk. The report esti- mated the value of the prop- erty to be between $3-3.5 million and the city is pro- jecting at least $4 million in the sale of the ARC property to pay for the renovation and expansion of the rec complex. There are also construction concerns of timing out the two projects simultaneously and mak- ing sure they are both done by 2021 when senior pro- gramming will be trans- ferred over to the rec com- plex. Coun. Bob Mavin also raised a concern about not setting a reserve price for the property and leaving it for the market to decide. He also said the property was worth more as a potential residential site than a com- mercial site, and argued it could be used to change the housing mix in the core and bring in more affordable housing. Coun. Mark Whaley ex- pressed concerns about the potential design of the building and wondered if more could be done to in- clude the better design and building standards other lo- cal projects have brought to the core. Mounsey acknowledged there is a difference be- tween land values for resi- dential and office space, but thinks there is enough in- terest out there and there will be a strong return on in- vestment so the project will deliver the proceeds the city needs for the rec complex expansion. "With this process we will be able to identify what the market is willing to spend on that property," said Mounsey. "If we don't reach that appraised mini- mum or that target range than there will be no need to move ahead. If it does reach the market bid or exceeds the market bid, than coun- cil will know what they have from the potential land sale that they can ap- ply to the project with cer- tainty." Successful proposals and a report of the ARC land disposition process will go to council on June 11. CITY HALL l Continued from page 1 Council betting on commercial interest