Surplus land sale on Cordova Bay Road
September 26, 2016
Saanich is requesting proposals to purchase property at 700 block of Cordova Bay Road.
The property is currently zoned RMSH-1, as part of the Sayward Hill development, but since the Sayward Hill development has already been built to maximum density, the current zoning will not permit development.
This small parcel was deemed surplus land by Council earlier this year. The District of Saanich is open to considering proposals to rezone the property. All proposals to purchase will be reviewed and a recommendation will be made to Council based on the following criterial:
a) Terms and conditions of the Offer to Purchase
b) Financial return to the Municipality
c) Qualifications, demonstrated ability and financial capability of the proponent
d) Quality and suitability of the development concept
The minimum bid starts at $300,000. Details can be found in the included background documents:
- Overview [PDF - 97 KB]
- Title information [PDF - 17 KB]
- Request for proposal [PDF - 23 KB]
- Map [PDF - 32 KB]
Proposals are due by 3 p.m. on November 18, 2016.