Vacant lot on Erie Street North purchased from municipality

·1 min read

The Municipality of Chatham-Kent has sold a vacant corner lot in Ridgetown.

During a council meeting on Oct. 19, council approved an offer to purchase a vacant lot at the corner of Erie Street North and Tecumseh Street from JKB Holdings Inc. in the amount of $5,000.

The lot has a frontage of 61.87 feet and a depth of 129 feet. The property has the Exempt Tax classification and is assessed at $21,000.

A report to Council on June 29, 2020, declared the property as surplus to municipal needs. The property has been in the ownership of the Municipality of Chatham-Kent since amalgamation, and prior to that time with the former Town of Ridgetown.

The property has not been actively listed for sale; however, the owner is looking to expand its current commercial business operation and has approached the Municipality about purchasing the vacant lot.

According to the report, this sale has the potential for future assessment for the Municipality of Chatham-Kent and the ability to generate an overall improvement to the community.

“This sale will also eliminate the liability and maintenance costs currently being charged to the municipal budget to maintain the property,” reads the report.

Bird Bouchard, Local Journalism Initiative Reporter, The Ridgetown Independent News