UXBRIDGE: In an effort to boost township coffers, councillors have elected to begin the process of selling a parcel of land that was the former location of a township parkette.
Councillors passed a motion at their meeting on the morning of Monday, Oct. 7 to continue with the process of selling the lands that once contained the King St. Parkette.
In December of last year, during municipal budget discussions, staff were directed to decommission the King St. parkette with an eye towards selling the property at a later date.
As the property is not currently connected to municipal services, it was asked that appraisals for the property be done for both serviced and unserviced capacities.
According to the report, servicing the property would be approximately $50,000. Because of the park’s location on King St. West, between Beech St. North and Balsam St. North, extensive work will be needed to service the property.
Currently, neither the water or main line sewer pipe is available at the front of the property, requiring the lines to be brought down the road allowance to the lot. Properties to the west and east of these lands are presently serviced via the adjacent residential streets.
As well, the approximately 55-feet-by-165-feet lot is currently zoned RE (Recreational Zone), making it necessary for the municipality to rezone the lands, as it currently prohibits residential uses.
The appraisals in the report were $160,000 fully serviced versus $94,000 without servicing and rezoning.
Councillors were initially undecided on the course of action to be taken on the property and weighed the pros and cons of both options.
"Is it really to our advantage to service the lot before putting it up for sale? Or, should we leave it up to the purchaser to service it?" pondered Ward 3 Councillor Pat Mikuse. "As well, should we rezone it prior to selling? Would that help?"
Ward 5 Councillor Gord Highet used his expertise as a real estate agent to provide insight to his fellow council members regarding the potential sale.
"Rezoning and servicing would give you more flexibility on the selling price," said Councillor Highet. "Lots in town are hard to come by, so I’d definitely suggest we rezone and service it before selling it."
As well, Mayor Gerri Lynn O’Connor noted that a similar lot in Uxbridge recently sold for approximately $200,000. As well, an aging local population in the area, combined with other nearby playgrounds, make it an opportune time for the sale of the former parkette to boost township coffers.