City of Woodstock Council Agenda Packet May 7 2026
City proposes $5.3M industrial land sale to Stigterstaal
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Description
Woodstock staff recommend Council approve the $5.3 million sale of 10.6 acres of City-owned industrial land on Alyea Street to Stigterstaal Canada Real Estate Inc., with a requirement to construct at least 87,000 square feet of industrial space within 30 months of closing. The transaction, expected to close in Fall 2026 after a five-month conditional period, would complete sales in the Pattullo Avenue industrial park.
Contract Details
Contract Amount
$5,300,000
Vendor
STIGTERSTAAL CANADA REAL ESTATE INC
Agency
City of Woodstock, Canada
Contract Type
FACILITIES
Document Date
May 7, 2026
Contract Term
Closing expected Fall 2026; purchaser to construct minimum 87,000 sq ft building within 30 months of closing
Renewal Date
2028-12-31
Renewal Info
One-time land disposition via agreement of purchase and sale; no renewals. Includes 5‑month conditional period and building commitment within 30 months post-closing.
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City of Woodstock Regular Council Minutes May 7, 2026
APPROVEDCity of Woodstock Council Meeting Agenda May 07 2026
PENDINGCity of Woodstock Council Agenda Packet May 7 2026
PENDINGCity of Woodstock StaffReport Proposed Sale of 10.6 Acres of City-Owned Industrial Land to Stigterstaal Canada Real Estate Inc. 2026-05-07
RECOMMENDEDCity of Woodstock StaffReport Proposed Sale of 10.6 Acres of City-Owned Industrial Land to Stigterstaal Canada Real Estate Inc. 2026-05-07
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