The Town of Minto is running low on industrial land after the sale of the last small serviced parcel in the Palmerston Industrial Park.
Town council passed a bylaw on Oct. 3 authorizing the sale of a 0.84-acre lot on Frank Lambier Court to Alfred DeVries, owner of J&A DeVries Construction Inc., for $12,600.
A staff report from business and economic manager Belinda Wick-Graham states DeVries plans to build a 6,000-square-foot rental industrial building on the lot.
Wick-Graham told council DeVries has already built one building and has another construction in the Palmerston Industrial Park for another landowner and is “ready to roll” on a building of his own.
The report states the sale means the town has no more lots available on Frank Lambier Court and no small acreage lots in any industrial park and recommends council consider budgeting to service recently-opened Noble Family Road to create four new serviced lots in 2018.
“These lots would be less than an acre in size and should sell for more than $15,000 per acre given anticipated servicing costs,” the report states.
“Obviously we’re very quickly running out of land and we definitely need to be looking at the 2018 budget and servicing Noble Road to open up some small parcels of land,” said Wick-Graham. She added a 14.2-acre site that has been certified as investment-ready under a government of Ontario program is the last remaining serviced industrial site in the town’s inventory.
