September 10, 2020
Moose Jaw, SK – Moose Jaw City Council has approved the signing of a Memorandum of Understanding (MOU) with Holy Trinity Catholic School Division and Prairie South School Division.
At the regular meeting City Council Tuesday, September 8, 2020, Council approved the execution of the MOU, which outlines the basic requirements to locate a joint-use school within the Westheath subdivision.
“We are excited about this $50-million investment in the City of Moose Jaw,” said Fraser Tolmie, Mayor of Moose Jaw. “We appreciate the Ministry of Education’s willingness to work together on a fair agreement that respects the Ministry’s preferred location for a new school, and the City’s goal to receive fair value in return for ten acres of developable land.”
Key components of the MOU:
- A new $50,000,000 school and landscaped grounds in the next phase of the Westheath subdivision.
- Full completion of Wellington Drive (connecting north and south roadways), with associated servicing costs (water, sewer, storm sewer, street lights, sidewalks and other utilities) borne by the Province.
- Total value of the sale is over $650,000 (Sale of 10 acres of land at the appraised value, $15,000/acre, plus offsite development levies of $50,592.00/acre.)
- City will retain and provides individual servicing to an estimated 28 lots for future sales in close proximity to the new school at a net value of $85,000 per lot, a future value of $2,380,000.