Land for Sale

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:

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.