Township of Adjala-Tosorontio Special Council Meeting Agenda Packet 2026-05-22
Township Acquires WWTP Outlet Lands from Everett Community Partners
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Description
The Township of Adjala-Tosorontio approved an agreement to acquire WWTP Outlet Lands from Everett Community Partners III Inc. for $2.00. If development does not occur, an appraisal and payment will be required within fifteen years. The deal supports wastewater infrastructure expansion and includes credits for future parkland dedication.
Contract Details
Contract Amount
$2.00 (nominal consideration)
Vendor
EVERETT COMMUNITY PARTNERS III INC
Agency
Township of Adjala-Tosorontio, Canada
Contract Type
FACILITIES
Document Date
May 22, 2026
Contract Term
Upon execution; land conveyance with conditions for up to 15 years
Renewal Date
2041-05-22
Renewal Info
If the associated development does not occur, the Township must appraise the lands and pay market value within 15 years of conveyance. Any parkland credits are contingent on future subdivision/development agreements.
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