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Council
Resolution # 25/98 – January 26, 1998
The
purpose of this program is to offer existing land within the
McMillan Industrial Park at no cost for the purpose of new
building construction and the creation of new
jobs.
1)
Developed and undeveloped industrial land park would be
offered for sale at no cost.
2)
Construction for the establishment of a new building
along with servicing and road access must be substantially
completed within one calendar year from date of development
agreement approved by City Council.
3)
New or additional jobs in Portage la Prairie must be
created by the new or expanded business. The onus shall
be on the Developer to satisfy the City that this has
occurred.
4)
The new building must conform to existing site coverage
identified in the zoning by-law and be designed and built for
year round use (i.e. insulated, electrical service and
connected to water and sewer). Land for non-taxable
purposes will not be covered.
5)
A Development Agreement shall be entered into to the
satisfaction of the City outlining development conditions with
the agreement being registered against the title of the
property. It is understood that all costs within the
development area shall be the responsibility of the
Developer.
6)
City Council shall have final authority on all matters
related to this program and development related
matters.
7)
The program will commence January 1,1998 and be
operational for a two year period with a review scheduled at
that time, by City Council, for possible extension.
The
Developer shall provide security to the satisfaction of the
City in the amount of the previous cost of industrial
park land ($7,500/acre) and after project completion as per
conditions of the Development Agreement, the City shall
give these monies back to the developer excluding
interest. In the event the Developer cannot satisfy all
conditions of the agreement, a 10% administrative surcharge
shall be applied to the total dollar amount held in
trust. (ie. $7,500/acre x 2 acres - $15,000 x 10% -
$1,500.)
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