During Monday evening's regular meeting, North Bay City Council announced that, despite difficult negotiations to zone an area in West Ferris, Trillium Woods has now been freed from its restrictions, allowing 71 lots to be developed.
Initially, the builder had planned to place over 100 lots in the new subdivision but was forced to nearly abandon the plan when in 2005, provincial policies changed and environmental committees deemed the nearby wetland as significant and thereby protected.
However, council was able to rescue the project for the city, allowing a reduced number of lots in a smaller area of land and taking precautions to protect the wetland from degradation.
The announcement comes as a good news story for council and North Bay at large, allowing the city to develop more of the higher in-demand, modern housing those buyers are looking for.
Councillor Dave Mendcino, instrumental in saving the project, says that it's a win-win situation for everyone involved as development will produce annual taxes of 4000-5000 dollars per lot, adding income to the city's treasury.
“You're looking at well over $300,000, so it’s definitely significant,” says Medicino.
Although the updated report still has to pass at council, it seems too good for the city to turn down, especially since so much work has gone into the application for the new subdivision.
“It's important to us, obviously we need to find every dollar that we can,” Mendicino says.
“The city was able to come up with a recommendation they were comfortable with that they were able to recommend to council.”