Posted: October 30, 2019
NOTICE OF DISPOSITION OF INTEREST IN LAND AND PROVISION OF ASSISTANCE
Pursuant to section 26(3) of the Community Charter, the District of Tofino (“District”) hereby provides notice of its intention to transfer to the Tofino Housing Corporation Inc. (the “Company”), a wholly owned subsidiary of the District, fee simple title to the land located at 700 Sharp Road, Tofino, B.C. and legally described as PID: 000-251-861 Lot 1, District Lot 132, Clayoquot District, Plan 33516 (the “Lands”), for nominal consideration $1.00.
In addition, pursuant to section 24 of the Community Charter, the District hereby provides notice of its intention to provide assistance to the Company by transferring the Lands to the Company for less than fair market value, as the transfer will be for $1.00 and the most recent assessed value of the Lands, as determined by BC Assessment, is approximately $420,000. The District will be providing this assistance to Company pursuant to a partnering agreement under which the Company will provide, on behalf of the District, the service of providing attainable and affordable housing for employees and residents within the District of Tofino and surrounding geographical areas.
For more information, please contact: