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General / Cranberry Island final tender prices
« on: June 13, 2006, 12:30:10 AM »
Here is an excerpt from the local wiarton paper about the cranberry island lot sale. These lots went for really cheap, if anyone on this board bid and won, congrats. I did not bid on these properties, but they might have been a good deal for the right buyer.
Most of these lots were zoned SR shoreline residentiual and a few were Enviromentally protected.
Island lots go cheap
Wednesday June 07, 2006
Wiarton Echo — The sale of some lots on Cranberry Island off Oliphant has some councillors upset over the prices.
Councillor Pat Varley told the Echo the lots are worth far more than the town is selling them for.
In a vote of 5-4, council accepted a recommendation for Manager of Financial Services Pat Stock that council accept the following tenders for nine lots on Cranberry Island.
Plan 294 Lot 6
-One tender received for $2,500.
Plan 294 Lot 7
-One tender received for $1655.
Plan 294 Lot 8
-No tenders received.
Plan 294 Lot 9
-No tenders received.
Plan 294 Lot 18
-One tender received for $2,797.99.
Plan 294 Lot 20
-Four tenders received ranging from $1,600 to $2,505.
Plan 294 Lot 21
-Four tenders received ranging from $1,600. to $2,205
Plan 294 Lot 23
-Three tenders received ranging from $2,151 to $4,200.
Plan 294 Lot 24
-Three tenders received ranging from $2,151 to $4,200.
“I would recommend that Council accept the foregoing highest tender on each property. It may not be anywhere close to what we expected but the process was fair and competitive. It will yield $20,062 in revenue immediately and will also place seven properties back on the tax roll immediately. A couple of the properties may be built on very soon which could lead to additional tax revenue” Stock wrote in his recommendation.
The lots were advertised in area and Toronto newspapers and while unofficial estimates value them up to $30,000 each, (they are not shore lots) the actual appraisal price was not released to the public.
Councillors Pat Varley, Gwen Gilbert, Mark Wunderlich and Brian Fulford voted against accepting the highest tenders.
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Most of these lots were zoned SR shoreline residentiual and a few were Enviromentally protected.
Island lots go cheap
Wednesday June 07, 2006
Wiarton Echo — The sale of some lots on Cranberry Island off Oliphant has some councillors upset over the prices.
Councillor Pat Varley told the Echo the lots are worth far more than the town is selling them for.
In a vote of 5-4, council accepted a recommendation for Manager of Financial Services Pat Stock that council accept the following tenders for nine lots on Cranberry Island.
Plan 294 Lot 6
-One tender received for $2,500.
Plan 294 Lot 7
-One tender received for $1655.
Plan 294 Lot 8
-No tenders received.
Plan 294 Lot 9
-No tenders received.
Plan 294 Lot 18
-One tender received for $2,797.99.
Plan 294 Lot 20
-Four tenders received ranging from $1,600 to $2,505.
Plan 294 Lot 21
-Four tenders received ranging from $1,600. to $2,205
Plan 294 Lot 23
-Three tenders received ranging from $2,151 to $4,200.
Plan 294 Lot 24
-Three tenders received ranging from $2,151 to $4,200.
“I would recommend that Council accept the foregoing highest tender on each property. It may not be anywhere close to what we expected but the process was fair and competitive. It will yield $20,062 in revenue immediately and will also place seven properties back on the tax roll immediately. A couple of the properties may be built on very soon which could lead to additional tax revenue” Stock wrote in his recommendation.
The lots were advertised in area and Toronto newspapers and while unofficial estimates value them up to $30,000 each, (they are not shore lots) the actual appraisal price was not released to the public.
Councillors Pat Varley, Gwen Gilbert, Mark Wunderlich and Brian Fulford voted against accepting the highest tenders.
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