NLHC announces tender call
Newfoundland and Labrador Housing
is inviting tenders for the sale of 9.8 acres (3.97 ha.) of residential
property in the Maryland Drive area known as Phase I in the Town of
Companies may bid on the raw land "as is," with an option to bid on an
additional 4.2 acres (1.7 ha) in Phase 2 and 8.1 acres (3.3 ha.) in
3. A joint announcement was made today by Art Reid, minister
for Housing, and Kevin Aylward, MHA, St. George's-Stephenville East.
for sale of residential properties in Stephenville
"The proposed sale of this land will
excellent opportunity for many private sector developers. This tender
is keeping with government's plan to bring forward more opportunities
the business community to become involved in the development of
land," Mr. Reid said.
"The development demonstrates that the
has confidence in the Stephenville economy," Mr. Aylward said today.
Maryland Drive project will generate increased economic activity for
This three-staged development, located
Drive extension and associated roads, is zoned for single or
dwellings, and comprises approximately 86 lots - 37 in Phase I, 19 in
2 and 30 in Phase 3.
The successful bidder is responsible for
development of land including provision of services such as connecting
external water and sewer mains and roads and internal development of
sidewalks, all storm management and open space related to the
Bidders are required to submit with the
a five per cent deposit in the form of a security deposit. NLHC will be
accepting tenders at its Stephenville office, located at 58 Oregon
Anyone interested in submitting a tender may obtain an information
setting out the conditions of sale by contacting the sales branch,
regional office at (709) 643-6826. Tenders will be accepted until 12:00
noon, Newfoundland time, Friday, July 3, 1998.
For further information, contact:
Jenny Bowring, Corporate Communications
Telephone: (709) 724-3055