Ponoka council accepts offer to purchase Kinsmen Community Centre
Ponoka Town council has accepted an offer to purchase the underutilized Kinsmen Community Centre and approximately 1.26 acres of surrounding land used for parking.
At its regular meeting Feb. 12, council passed a resolution confirming its intent to sell the facility in accordance with the Town’s Land Disposition Policy, accepting an offer of $510,000 from Cash Foods Ltd.
Town officials say the sale of the property is subject to the execution of a sale and construction agreement between the Town and Cash Foods Ltd. The agreement, which is being prepared by the Town solicitor, will be reviewed by the Town and purchaser and then brought back to Council for endorsement.
According to officials, the Kinsmen Community Centre property was declared Council at its January 22 meeting to be surplus to the needs of Ponoka. The property was then advertised on the Town website and on the public notice board at the Town Office as surplus property with an appraised value of $500,000, as established by an independent qualified appraiser in August 2018.