MINTO - Council approved the sale of a Palmerston Industrial Park lot to local business, Multi Shelter Solutions, for $102,000.
At Tuesday’s meeting, council authorized the purchase and sale agreement for the Palmerston Industrial Land Sale at 425 Minto Rd. with Multi Shelter Solutions (MSS).
In Oct. 15 2021, the town purchased the lot from Blackrose Reserve after the company was unable to fulfill the development of a cannabis production facility because they were unable to acquire a building permit by September 2021.
According to a staff report, town staff received many inquiries for a property between one to two acres. These names were kept on file and when this property became available all parties were notified at the same time and received the same information.
“A package was sent on Oct. 26 to seven businesses that expressed interest, and all were given until Nov. 26 to submit a letter of intent. Four letters of intent were received from these seven businesses,” said economic and community development director Belinda Wick-Graham.
“After careful review and consideration, the council provided direction to proceed with an agreement of purchase and sale with Multi Shelter Solutions.”
MSS has been operating in Palmerston since 2005. They manufacture and distribute plastic-covered greenhouses and tarp-covered storage buildings to a Canadian customer base.
The company has seen their sales grow with even more potential for growth, which has resulted in the need for additional space.
The report indicates several buildings, totalling 11,440 square feet, will be constructed; the plan is to start construction as soon as possible and to occupy the buildings by the fall of 2022.
“It’s great to see people like Norm who want to invest in our community, and I know you’ve also done so in the past,” said Mayor George Bridge.
The project is expected to generate approximately $50,564 in development charges.