Home News Industry News City will pay $3 million for Tembec land: Mayor

City will pay $3 million for Tembec land: Mayor

The City of Cranbrook will pay $3 million for a 100-acre land acquisition from Tembec that was previously announced last week, according to Mayor Lee Pratt.

Under the sale agreement, the payments will be made in three annual $1 million instalments starting in August 2019 and ending in 2021 with no interest charged, Pratt continued.

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Source: Cranbrook Daily Townsman

 
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