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Carpere deal closure could be delayed until February

Carpere Canada has requested a three-month extension on the closing date for it's $7.8 million purchase of the Southeast industrial Park
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Carpere Canada has issued a request for an extension on their closing date for the Southeast Industrial Park, which City Council took to an in-camera session on Oct. 23. 

The in-camera meeting was to detail the request, which will now be taken to open council for a formal discussion and vote.

Carpere’s payment for the 780 acres of land, purchased from the City of Moose Jaw in the largest land deal in the city’s history, totals $7.8 million. A $780,000 deposit has already been paid.

Full payment was originally due at the end of October, the designated closing date for the deal that was signed in July. Now, the developers are requesting to extend the closing date to February 28, 2020. 

Myron Gulka-Tiechko, city clerk, noted that the extension could offer more time to prepare for the land development process. It was unclear whether the extension would delay any construction plans already in place 

“The intent is to try to get the approvals in place so that if there's going to be construction, that'll be able to facilitate any subdivisions that need to be done and preliminary work in construction so that ideally, the shovels can get in the ground for May construction season,” said Gulka-Tiechko.

City Council will decide whether to approve or deny the extension at the next regular council meeting on Oct. 28.

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