Wellington North's Foodland development has hit a snag after council unanimously opposed a cost-sharing agreement presented after the Canada Day long weekend.<\/p>\n
Per a report, council allocated $525,500 as their contribution towards the installation of a signalized intersection at Main Street North and Mount Forest Drive.<\/p>\n
$123,000 was to be collected from Canadian Tire and $402,500 of Township funds. The total cost estimate to construct the intersection was $928,000.<\/p>\n
Crombie Property Holdings, the developers of the project, were seeking a cost-sharing agreement, hoping for over $600,000 each from both the township and themselves.<\/p>\n
But council was wary. Coun. Sherry Burke was very opposed, claiming council must watch out for the best interest of the Township\u2019s residents and their taxpaying dollars.<\/p>\n
\"I believe that the cost of doing business continues to increase. We see it every day with our projects, and I don't support spending any more money. It comes from our taxpayers and it's the price of doing business,\" Burke explained.<\/p>\n
Despite most council members' agreement with Burke, Mayor Andy Lennox said he\u2019s still holding out hope something can be made happen.<\/p>\n
\"Council at this stage has decided not to make an additional contribution. I don't know where that leaves (the developers) but certainly our door remains open as this project moves forward,\" Lennox said.<\/p>\n
\"We certainly would like to see it move forward and I hope we can make this work and get on with it as it's in everybody's interest to do so,\" he added.<\/p>\n
Crombie says they will have to re-evaluate, after the rejection of the increase, up from their original contribution amount of $400,000.<\/p>\n
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