Covenants to be removed from industrial park properties if sold

Tribune-Post Staff
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SACKVILLE, N.B. – The town is granting a request by two local business owners to remove restrictions off their industrial park properties so they can sell them to other interested developers without those restraints.

Town council has agreed to waive the covenants off of two pieces of property within the industrial park if and when those lots are sold, saying they are satisfied the covenants have already been met by the current developers.

Town treasurer Michael Beal said the covenants placed on those properties, which were undeveloped at the time they were sold, mostly dealt with the construction of buildings on the lots and the development of the properties. Several other restrictions deal with the condition of the property, but those can be dealt with if necessary under municipal bylaws, said Beal.

Sackville’s chief administrative officer Phil Handrahan said the current owners of those lands – one on which Throop Signs had constructed a sign shop and the other on which Wilson Wreaths was located – are in the midst of trying to sell their properties and had approached the town, asking that the covenants be removed from those lots.

Another property owned by Jim Throop in the industrial park, which has yet to be developed, will see the existing covenants remain in effect.

Organizations: Town council

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