INDUSTRIAL LAND SALE POLICY

Council Resolution # 25/98 – January 26, 1998 

The purpose of this program is to offer existing land within the McMillan Industrial Park at no cost for the purpose of new building construction and the creation of new jobs.

1)    Developed and undeveloped industrial land park would be offered for sale at no cost.

2)    Construction for the establishment of a new building along with servicing and road access must be substantially completed within one calendar year from date of development agreement approved by City Council.

3)    New or additional jobs in Portage la Prairie must be created by the new or expanded business.  The onus shall be on the Developer to satisfy the City that this has occurred.

4)    The new building must conform to existing site coverage identified in the zoning by-law and be designed and built for year round use (i.e. insulated, electrical service and connected to water and sewer).  Land for non-taxable purposes will not be covered.

5)    A Development Agreement shall be entered into to the satisfaction of the City outlining development conditions with the agreement being registered against the title of the property.  It is understood that all costs within the development area shall be the responsibility of the Developer.

6)    City Council shall have final authority on all matters related to this program and development related matters.

7)    The program will commence January 1,1998 and be operational for a two year period with a review scheduled at that time, by City Council, for possible extension.

The Developer shall provide security to the satisfaction of the City in the amount of  the previous cost of industrial park land ($7,500/acre) and after project completion as per conditions of the Development Agreement,  the City shall give these monies back to the developer excluding interest.  In the event the Developer cannot satisfy all conditions of the agreement, a 10% administrative surcharge shall be applied to the total dollar amount held in trust.  (ie. $7,500/acre x 2 acres - $15,000 x 10% - $1,500.)