Elliot Lake City Council has approved spending $250,000 to buy two pieces of land off Milliken Mine Road from the land purchase and sales reserve.
The seller is Rejean Cyr Logging Ltd. and the land is located near Highway 108 across from the Elliot Lake boat launch off of Milliken Mine Road, at the base of Beaver Mountain.
The city's Economic Development Department will begin to pursue opportunities once the purchase is completed on Dec. 3.
In a written report to Council, Chief Administrative Officer Daniel Gagnon wrote, "The proximity to recreational assets like the boat launch, boardwalk, ATV/Snowmobile/Hiking Trail network, Sheriff Creek sanctuary and Westview Trailer Park makes the land intriguing for some form of development (commercial, recreational or even residential)."
The purchase will be funded from the land sales and purchases reserve that had an opening 2021 balance of $445,528.
The sale was approved at the virtual city council Monday night on a unanimous vote.
Coun. Luc Cyr declared an indirect pecuniary interest on the and refrained from debate and voting,