NOTICE: Transfer of Land Below Market Value
Posted on 06/18/2025
NOTICE
CITY OF CHARLOTTETOWN
TRANSFER OF LAND BELOW MARKET VALUE
Pursuant to Section 143 of the Municipal Government Act and Section 6 of the MGA General Regulations, the City of Charlottetown gives notice of its intention to transfer the following land at less than fair market value:
Parcel: P/O PID 336545
Acreage: 557 sq. m.
Grantee: Maritime Electric Company, Limited
Fair Market Value: $239,820.00
Consideration: In exchange for p/o PID 338921, owned by Maritime Electric Company, Limited, to facilitate the Eastern Gateway redevelopment
Parcel: P/O Richmond Street
Acreage: 643 sq. m.
Grantee: Maritime Electric Company, Limited
Fair Market Value: $227,000.00
Consideration: In exchange for p/o PID 338921, owned by Maritime Electric Company, Limited, to facilitate the Eastern Gateway redevelopment