Costs will be going up for a downpayment on industrial lands here.
The economic development and planning committee recommended that Minto increase deposits to purchase municipal property from 5% to 10%.
The decision followed a recommendation by business and economic manager Belinda Wick-Graham.
Committee chairman Rick Hembly noted that while Minto does not have a lot of property for sale at this time, “the property that we do have is industrial. We’re asking $15,000 an acre and 5% is not a whole lot … neither is 10%. I don’t think 10 % is asking a lot.”
