Notice is hereby given that, under the provisions of the Municipal Government Act, the City of Camrose will offer for sale by Sealed Tender, in the Camrose City Hall, at 5204 - 50 Avenue, Camrose, Alberta, on Wednesday May 24, 2019, at 10:00 a.m., the following lands:

Property A: Downtown Commercial / Mixed Use - 4703-50 Avenue

 

Plan RN28C
Block 34
Lot 1&2
Linc # 0015246002
Title # 092 329 122
Zoning C1
Size 0.2602 hectares/0.64 acres
Minimum reserve bid - $145,000

 

Download the spec sheet for 4703 - 50 Avenue.

Property B: Highway 13 Lot - 3411-48 Avenue

Plan 0524335
Block 7
Lot 20
Linc # 0031211261
Title # 052 346 032 021
Zoning C2
Size 1.42 hectares/3.52 acres
Minimum reserve bid - $582,450

 

Download the spec sheet for 3411 - 48 Avenue.

Property C: Mohler Lot 18 - 4338-43 Street

Plan 0740056
Block 2
Lot 18
Linc # 0032870628
Title # 072 683 300 019
Zoning M1
Size 1.39 hectares/3.44 acres
Minimum reserve bid - $531,650

 

Features:

  • Deep lot for plenty of storage and maneuvering of large vehicles
  • Subdivision is serviced with water, sanitary sewer, storm sewer, gas, and power

 

Download the spec sheet for 4338 - 43 Street.

Property D: Mohler Lot 17 - 4330-43 Street

Plan 0740056
Block 2
Lot 17
Linc # 0032870610
Title # 072 683 300 018
Zoning M1
Size 1.47 hectares/3.6 acres
Minimum reserve bid - $562,650

 

Features:

  • Deep lot for plenty of storage and maneuvering of large vehicles
  • Subdivision is serviced with water, sanitary sewer, storm sewer, gas, and power

 

Download the spec sheet for 4330 - 43 Street.

Property E: Mohler Lot 16 - 4226-43 Street

Plan 0740056
Block 2
Lot 16
Linc # 0032870602
Title # 072 683 300 017
Zoning M1
Size 2.11 hectares/5.2 acres
Minimum reserve bid - $755,450

 

Features:

  • Deep lot for plenty of storage and maneuvering of large vehicles
  • Subdivision is serviced with water, sanitary sewer, storm sewer, gas, and power

 

Download the spec sheet for 4226 - 43 Street.

Tender Instructions and Conditions

  1. Each parcel is offered for sale, as-is, where is, subject to the listed reserve bid and to the reservations and conditions contained in the associated certificate of title. No warranty is being provided as to the condition of the parcels or the suitability for use.
  2. The successful bid will be selected based on the long-term value of the proposed development to the City of Camrose. The evaluation will therefore be based on:
    • Offer price
    • Estimated assessed value of proposed development
    • Type of proposed development
    • Development timeframe
    The above information will be used to determine the Net Present Value of the proposed development over a twenty-year period using a discount rate of 5%.
  3. The successful bidder for each parcel will be required to enter into the following agreements with the City of Camrose:
    • Purchase Agreement;
    • Depending on the scope of project, a Development Agreement may be required.
  4. General Development Permit conditions for each property are available from the City of Camrose Planning and Development Department. These conditions are provided for the applicant’s information only and may not represent the extent of development requirements. The general Development Permit conditions do not replace the requirement for the applicant to apply for all development and building permits required under the City of Camrose Land Use Bylaw and Alberta Building Code.
  5. Construction of the proposed development must be completed by December 31st, 2021. Failure to materially meet this requirement will trigger an option for the City of Camrose to repurchase the Lands at 80% of the assessed value at that time.
  6. Bids for property #2 (Mohler Lot 17) alone will not be accepted until both Lot 16 and Lot 18 are sold. Bids will be accepted for the combination of Lot 16 & 17 or the combination of lot 17 & 18, or all three lots together.
  7. Terms: 10% down non-refundable and balance in 30 days; Cash or Certified Cheque GST will apply on lands sold. Deposits for unsuccessful bids will be returned.
  8. The buyer will be responsible for any realtor fees.
  9. The highest and any bid will not necessarily be accepted. All bids are subject to the approval of Council.

View the Tender Submission Form.

View the Sale of Land Agreement Template.

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