Distributed May 17, 2016 10:30 AM
City-owned land on Bowen Road to be sold off
At the May 16, 2016 meeting, Council provided direction to put a vacant City-owned property located at 2103 Bowen Road up for sale. This 0.191 hectare (0.471 acres) property is vacant, zoned COR1 and supports multi-family development. It has an appraised value of $350,000.
A Request for Offers seeking proposals from interested parties by June 17, 2016 has been prepared and will be available on the City website.
Strategic Link: Taking Responsibility: continuing to facilitate change and overall development consistent with vision and plans. Asset Management: disposing of surplus assets.
- The City of Nanaimo is seeking to dispose of a surplus property, as identified in the City's Property Management Strategy.
- The property located on the corner of Meredith Road and Bowen Road has an appraised value of $350,000 and is being advertised via a Request for Offers, with responses due by June 17, 2016. A summary of the responses will be brought to Council in July for their consideration.