City approves land deals with Husky

By Geoff Lee

March 24, 2016 9:56 AM

Council has approved the purchase of some Husky lands and the sale of a city right-of-way to Husky in an area east of 75th Ave and north of 44 Street.
A bylaw was passed at last Monday’s council for a 20-year debenture loan of about $1.29 million to purchase 10.77 acres of Husky land on two locations.
Husky had originally authorized the city access to construct and maintain its storm water channel on site on the condition the city purchase the properties.
One property is 10.71 acres and other .06 acres housing the city’s storm channel infrastructure with further development in the works.
“It’s a 40 metre wide open channel for storm water runoff so that we can manage the water that flows through that part of our city,” said Coun. Linnea Goodhand.
“It’s expensive, but we have to control our water.”
The cost works out to about $119,995 an acre.
That’s the same price per acre the city got from the sale of 1.20 acres of right of way north of 44 St. to Husky for $143,900 for future potential development.
A second bylaw was passed for the sale.
“The idea that we are paying the same amount for the land that we are acquiring as we’re getting for the land we are selling, I think will make our residents aware that we have done our due diligence,” said Goodhand.

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