CENTRE WELLINGTON – The township will be putting some surplus property on the market and putting the funds in a newly established dedicated housing reserve fund.
Council approved the motion on Sept. 29 after coming out of a closed session.
The motion includes:
- identifying the process of declaring surplus properties;
- hiring a professional real estate service to assist with appraising the properties, marketing them and facilitating the sale of surplus property as well as the Fergus Business Park lands;
- establishing a dedicated housing reserve fund; and
- delegating authority to the CAO to sell the identified surplus land.
There was no discussion on the subject in open session.
It is not clear if five public works garages are included in this study of surplus lands.
Previously council decided that once the operations centre in Fergus is open and staff have transitioned into the new building, five public works garages would be sold and the funds used to pay down the debt.
