Municipal Lot Sales Program
The purpose of the policy is to encourage residential development and provide a format for individuals to purchase municipally owned residential lots at a low price.
Purchasers may enter into an option to purchase one of the available lots within the municipality with a deposit of $1000.00/lot. The selling price will be $10.00 per lot. If this offer is not acted upon within a 12-month period, the applicant will forfeit the $1000.00 deposit/lot. The purchaser is responsible for all legal costs associated with the sale of the property. The municipality shall keep an up to date a listing of available lots under this program.
The building process must commence within 12 months of the date of the offer. The municipality shall transfer title to the property when construction is completed and an occupancy permit is issued, and at that time shall refund $990.00 of the $1,000.00 deposit.
In the event that a second individual indicates interest in the property at any time within the 12-month period, the first individual shall be given 90 days to commence construction to the satisfaction of the municipality. Failure to commence construction will result in the forfeit of the option and a refund of the $1,000.00 deposit.
The municipality reserves the right to limit or deny approval of the option to purchase at their discretion.