By Nikki Jamieson
Sunny South News
Coaldale town council received another update on the 7-Eleven property acquisition during their regular July 13 meeting.
WATT Consulting Group has been awarded the intersectional analysis project for the property, and had started work on the analysis project earlier this month, and it will be finalized by the end of August.
Options regarding entrance features for the property will not be ready for council to review until September. The same timeline also applied for the digital signage Request for Expression of Interest, along with a progress update for temporary office space on that site.
The onsite building is due to be demoed during the first week of August. Town staff have prepared the necessary permits and approvals for the demolition, and are looking to get value out of the existing mechanical parts of the building, such as the air conditioner unit.
The demolition is expected to take place over two days. Once that has been completed, the town plans to have a temporary office space set up there for businesses that have been displaced for the Civic Square project.
“In terms of financial impact, the offer had been accepted, although the property hadn’t been transitioned into the town’s full ownership, and now that that’s occurred, we can confirm that the listing price, that was initially $849,000, was not the price that was paid by the town, and instead we were able to pay $379,000 for that property, which was substantial saving compared to the initial listed price,” said Spencer Croil, director of planning and community development for the town.
Council unanimously passed a motion to received the report for information.