If desired, the city will refund some of the Westheath housing down payments.
The decision to do so for some residential lots in the Westheath Phase 4 area was decided in one of the in-camera items at Monday’s executive committee meeting at city hall.
“Administration was recommending some changes to contract for purchasing land. There are some people who purchased property and they were unable to access it in a timely fashion,” said city manager Matt Noble. “So we have permission to refund their deposit upon their request.”
He added the residential lots are “not quite available due to some contracting issues.” However, people had put some deposits on the properties.
“We’re going to refund anybody who wants the money, though really it’s only a good little gesture to an individual to be honest,” said Noble. “Most people aren’t going to want to do that because their deposits are relatively small anyway.”
He said the other item discussed in-camera at Monday’s meeting was to “establish a policy for commercial real estate.” The policy states the city can “pay a commission for realtors who extend their resources to sell listed municipal property,” said Noble.
He added the policy only applies to commercial listed properties the city has on a list to give to realtors.
“There was an existing old policy (that says) ‘The purpose is to allow the City of Moose Jaw to be competitive in marketing city-owned land by paying appropriate real estate commissions on commercial and industrial land,” said Noble.
He said the commission would only be paid after the sale is completed to the city’s satisfaction. The city won’t pay real estate commission to the realtor if the purchaser has been in contact with the city land administrator prior to contacting the realtor.
Noble said commission rates are based on the zoning of the land and a percentage of the selling price. Those percentages are 2.5 per cent for industrial- and commercial-zoned land on the first $100,000 and 1.5 per cent on the remainder. There is no commission paid on residential-zoned land.
“These motions were made on both of those issues and carried by council before conclusion of the meeting,” said Noble.
Council will need to give final approval at the next regular council meeting.
Follow Lisa Goudy on Twitter @lisagoudy.