Belleville buys 175 Airport Pkwy for $560k

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Published Jun 24, 2024, edited Apr 1, 2026
Jun 24, 2024
Regular Council
motion

Belleville allocated $630,000 in the 2024 Capital Budget (24-1.041) funded by the Asset Management Reserve Fund for the purchase of purchase of 175 Airport Parkway (PART LOT 18 CONCESSION 2 PART 1 & 2, 21R22981, THURLOW: S/T EASEMENT OVER PART 2, 21R22981, AS IN THD9193; BELLEVILLE, COUNTY OF HASTINGS PIN 405400113.) from Patricia Peterson for $560,000 on June 24, 2024.

The subject property at 175 Airport Parkway, City of Belleville is currently for sale and listed for $599,999. The purchase of this property is to assist in the development of the Employment Lands that the City is currently continuing the process towards servicing via a Municipal Class Environmental Assessment of the North-East Industrial Park Expansion and ultimately selling within the eastern boundary of the Employment Area west of Atkins Road.

Motion

Record: 214-2024
2024 Capital Budget Amendment - Property Acquisition – 175 Airport Parkway
Meeting

THAT pursuant to the Director of Corporate Services/City Clerks Report No. DCS-2024-08, Property Acquisition – 175 Airport Parkway, the 2024 Capital Budget be amended in the amount of $630,000, to be funded by the Asset Management Reserve and that a By-law be prepared for Council’s consideration.

Moved by: Councillor Barbara Enright-Miller
Seconded by: Councillor Tyler Allsopp
Result: Carried

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