Municipality of Chatham-Kent staff are recommending that the offer to purchase from North Element Inc., in the amount of $40,000, for a property at 52 Dell Street in Wallaceburg, be accepted.
Chatham-Kent Council is set to vote on the recommendation at their virtual meeting scheduled for Monday night, July 12, 2021.
“Administration has received a signed agreement of purchase and sale in the amount of $40,000 for this property,” said Matt Torrance, director of financial Services, in a report.
“Administration supports the sale of this property to North Element Inc. for $40,000 to support the continued operation of its existing business at 55 Garnet Street as well as the expansion plans for this business to increase jobs and its investment in the community of Wallaceburg.”
Torrance said at the June 28, 2021 closed session meeting, Council directed administration to negotiate the sale.
“The property is being offered for sale on an as is, where is basis,” Torrance said.
“This sale has the potential for future assessment for the Municipality of Chatham-Kent and the ability to generate an overall improvement to the community. This sale will also eliminate the liability and maintenance costs currently being charged to the municipal budget to maintain the property.”
Torrance said this property fronts onto the west side of Dell Street in Wallaceburg, at the corner of Dell Street and Garnet Street.
The property has a frontage of 180 feet and a depth of 120 feet, has the exempt tax classification and is assessed at $32,500, Torrance added.
A report to Council on June 29, 2020 declared the property as surplus to municipal needs.
“The property has been in the ownership of the Municipality of Chatham-Kent since September 28, 2004, at which time it was transferred to the Municipality of Chatham-Kent from the former Chatham-Kent Hydro,” Torrance said.
“This property was a hydro substation and was deactivated prior to May of 2004. Site restoration work was completed where approximately 120 metric tonnes of impacted soil and aggregate were excavated and disposed prior to the Municipality of Chatham-Kent obtaining ownership of the property.”
Torrance said the Municipality originally acquired ownership of this property to allow for business continuity at the property at 55 Garnet Street.
“Due to the site configuration of 55 Garnet Street, shipping and receiving for the 55 Garnet Street industrial property utilizes a portion of the 52 Dell Street property to facilitate the safe entrance and exit of multiple large size transports on a daily basis,” Torrance said.
“The Municipality of Chatham-Kent will register an easement on title in favour of 55 Garnet Street… prior to closing this sale. The registration of this easement will assist to ensure that business operations can carry on in the same manner as they currently do when 52 Dell Street is no longer owned by the Municipality of Chatham-Kent.”
Administration received six signed agreements of purchase and sale for this property, ranging from $5,000 to $50,000:
Monday’s Council meeting begins at 6 p.m. and will be LIVE streamed, here.
