Ponoka council accepts offer to purchase surplus land
Ponoka town council passed a motion at its regular meeting on March 23, confirming its intent to sell one acre of surplus land located just south of the Ponoka Drop-In Centre that currently contains the town cenotaph.
In accordance with the Town’s Land Disposition Policy, council conditionally accepted an offer for the one-acre parcel of land at 5015 46 Avenue in the amount of $100,000 from 2313895 Alberta Ltd., with the purchaser required to cover the costs associated with moving the cenotaph.
Town officials say the sale of the one-acre parcel of land is conditional on the execution of a sale and construction agreement between the Town and 2313895 Alberta Ltd. That agreement is expected to outline a process and requirements that the purchaser must fulfill before the sale can be completed.
The agreement, which is being prepared by the Town’s solicitor, will be reviewed by the Town and the purchaser, and then brought back to council for endorsement. The Town received formal interest in purchasing the property in July 2020.


