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2014-01-16 at 20:06

City receives four bids for Municipal Golf Course property

By Leith Dunick, tbnewswatch.com
ENERGY 103 104Play Minute to Win it at 7:20 weekdays mornings with Kaile Jaggard and WIN! on your station for 80’s 90’s and Now…Energy 103 104 Click Here!

The city has received four bids to buy the now-closed Municipal Golf Course.

City council voted to shutter the course last year. The deadline for interested parties to submit bids for the Oliver-Paipoonge property was Wednesday.

No details about the expressions of interest were released, but the city’s realty service’s manager Joel DePeuter said a variety of uses have been suggested by the various bidders.

The four proposals will now be evaluated and short-listed, and the property will be appraised. The city will also seek further details on each submission.

DePeuter said his department will then come back to city council in about three months to seek approval for the recommended land sale.

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Tbnewswatch.com(9)

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Comments

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Tbay99 says:
Can't wait to see a decrease in my tax bill now that this is closed! Not to mention the city will be getting a large sum of cash from a developer for the property!


...ha ha.
1/16/2014 9:33:41 PM
mikevirtanen1961 says:
I don't know what your assessment is, but on my house, I expect the impact to be something less than $5/year.
1/16/2014 11:51:21 PM
dman31029 says:
So do they get to decide based on what the proposals are for or do they just take the highest bidder?
1/16/2014 10:24:15 PM
farmgal says:
You probably won't see any decrease in your tax bill. As far as who gets the land I think you will see the usual developer will probably get it no matter what the bid. They seem to get most of the property available.
1/16/2014 11:39:05 PM
sickandtired says:
The city recently said that there were going to be more open and transparent ... Place your bets that no one will ever know the actual selling price. They'll likely let it go for a dollar just to have it off their checklist, and they'll call it a success because they don't have to spend $100,000/year! Instead we'll be on the hook for $300,000/year (and everyone knows it will be more than that) to "subsidize" a Youth Centre! I'm not a youth and have no children ... so I'm subsidizing! Currently I don't think I have to subsidize the Indian Friendship Centre to that degree! Hmmmm!
1/17/2014 9:22:31 AM
mystified says:
"DePeuter said his department will then come back to city council in about three months to seek approval for the recommended land sale."

3 months!
Time to get some new people in city realty department if it takes the current ones this long to make a recommendation.
1/17/2014 9:37:36 AM
Papercut says:
Why not AUCTION IT OFF?

Highest bidder get's it.

Makes financial sense, no?
1/17/2014 11:06:44 AM
DougMyers says:
First, why was the property not appraised prior to the bidding process? Would that not seem prudent?

Second, any sale of PUBLIC property, tendered or overwise, should be completely public in the name of transparency and accountability. How else would the public be assured that their property is being sold in it's best interest?

Enough with the secrecy of public information.
1/17/2014 11:42:09 AM
The Beaver..... says:
@ Farmgal...The developer you are referring to purchased most of the land in Paipoonge from the former Cooper Rigato holdings...not from the township. With the exception of Pennock drive which was a private transaction. The City is making noise as to what the land can be used for. Its not their decision to make ..its Oliver Paipoonge that has the final say. Also I do agree that there is a lack of real-estate savvy on the city's part. I sold a million dollar building on a Handshake a couple of years ago took the paper work 6 months to catch up with that.
1/18/2014 12:14:36 AM
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