Development coming to north end

The Prince Albert Co-operative Ltd has paid $975,000 for a lot in the north end of the city. According to a report to city council, the land will be used for a new bulk fuel storage site.

City sells $975,000 lot to Prince Albert Co-operative Association Ltd.

A new development is coming to the north end of Prince Albert after city councillors approved the sale of a 5.34 acre lot on Monday.

The property, located just off Hwy 2, at 60 15th Street Northwest, was sold for $975,000 to the Prince Albert Co-operative Association Ltd. According to a report presented to city council, the location will be used for a new bulk fuel storage site.

The co-operative association must pay a 10 per cent deposit of pro-rated taxes for 2016 before the end of the year. Full sale payment must also be made within six months from the date of purchase, and there is a one-year build commitment.

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Thierman Financial