There are two properties in Ponoka that are set to go to auction if the owners are unable to pay their tax arrears.
Town council set the auction reserve bid on the two properties Aug. 14 during the regular meeting.
“We have had both properties reassessed by our assessor in July,” explained Sandra Lund, director of corporate services.
She explained that the town started out with 25 properties with outstanding taxes but after working with property owners that number dropped.
The owners can still pay their arrears right up until the time of the auction, explained Lund.
As required by the MGA (Municipal Government Act), a municipality must annually prepare a tax arrears list showing the parcels of land on which there are tax arrears for more than one year as at March 31, explains the preamble to council.
The date for the auction is set for Wednesday, Oct. 31 at 2:00 p.m. at the Kinsmen Community Centre and will be advertised, something that is required under the MGA.
The two properties are listed as: Block 11, Lot 13 with a reserve price at $136,000. The second is Block 5, Lot 29 with a reserve set at $313,000.
If the sales go through, the town would receive the tax arrears value of the property while the rest would go to the people who owned the properties.
Cash Foods and the Kinsmen Community Centre Sale
There were two motions after a lengthy in camera session.
First was a motion by Coun. Teri Underhill to have the town continue to pursue the sale of the parking lot and the Kinsmen Centre to Cash Foods, and to allow exterior improvements prior to closing as a condition of sale.
Approval from the town for the Stampede luxury suites
The second motion relates to the Ponoka Stampede and Exhibition Association.
The association is working on creating new luxury suites on the southwest side of the infield, however, as it is part of a long term lease with the town, the association must have necessary permits and approval from council.
The motion by Underhill was to authorize the Stampede Association to make application for a development permit and safety codes permit required to facilitate the proposed development of a single building being grandstand suites on Town of Ponoka lands as described.
That motion was approved.