Town offers land package to developer

EAGLE STAFF

Town council recently offered to sell all its available lots.

“We had a request from them (GMAG Holdings Ltd.) asking what the price would be if they bought a package,” Darcy Olson, the town’s chief administrator, said after the Oct. 20 council meeting.

“We discussed it in camera” after the Oct. 6 meeting before sending the company a price — almost $300,000 for seven lots in the Civic Centre subdivision and three others elsewhere in town.

The lots in the Civic Centre subdivision are listed at either $40,000 or $45,000; the three others, including one double lot, are priced at $1 each.

The company had not yet responded, Olson said. The offer stipulates that the company would build single- and multi-family homes within five years. The company would not be eligible for the town’s tax incentives.