In March 2003, when the Mayor was Peter Delanty, the Town of Cobourg purchased Northam Industrial park with a loan (mortgage).  In March 2018, the full amount of $13,330,027 of this loan was repaid.  Over the period to date, the revenue earned has contributed to the Town’s operating and Capital Budgets – details below.  Each quarter, treasurer Ian Davey provides a report on the finances and the Q1 2022 report was provided at the CoW meeting on July 11.  Included in that report was some financial information not usually provided: the total contribution from the Park to the Town’s finances.  Some people have said that the Town should be run like a business and it’s clear that this is already… Read complete articleNortham Industrial Park – Status Q1, 2022

In 2018, Council agreed to a deal where the parking lot at 36 Queen (opposite the Post Office) would be sold to a developer who would then build Condos that included public parking spaces as well as spaces for residents.  The original deal allowed the public parking spaces to be charged at a rate no more than twice Town rates.  The 5 storey condos would be “high end” with a roof top garden – see the presentation by the developer in resources below.  The time frame for this project expired due to Covid as well as planning department delays but the developer continued work on it.  At Monday’s Committee of the Whole (CoW) meeting, Council agreed to an extension (which… Read complete articleQueensview Development to Continue

In early 2021, a developer asked for permission for their plans for the Property at the southwest corner of Albert and Division.  They proposed two buildings – one on Division and the second smaller one on Albert.  On the ground floors, they plan seven commercial units (stores) facing Division and 3 “live/work” units facing Albert plus a total of 20 apartments on second and third floors.  A public meeting was held and a big concern was that there was insufficient parking – 28 spaces compared to a normal zoning requirement for 45.  At the Committee of the Whole Council meeting on Monday May 30, a revised proposal will be presented that has 35 parking spaces.  The new plan, which has… Read complete articleNew Development – Albert and Division

At Monday’s Council meeting, MPP and Minister for the Environment David Piccini updated Council on a wide range of issues. He spoke about increased funding for the hospital and long term care homes as well as other items but the item of most interest was an update on Brookside. David reported that work on decommissioning Brookside has moved quickly and is now in stage three. That means that all equipment has been removed and both the Federal and Provincial Governments have declared they are not interested in taking over the property.  Stage three means that the “municipalities have first right of refusal and can express interest in the property”. The question now is: Who is going to buy it and… Read complete articleUpdate on Brookside