Waterloo’s signature on a revised cross border servicing agreement would clear the way for the construction of a new flooring store in the stockyards area of St. Jacobs. Woolwich has already agreed to support the bid by Sarmazian Development, which has its eye on a vacant six-acre parcel beside the TSC Store.
The company’s bid for the land at 865 Weber St. N. is contingent on the city and township amending the agreement that sees Waterloo provide municipal services to the farmers’ market area and adjacent power centre. The plan is to extend only water services, not sanitary sewers, and the amendment would be site-specific, applying only to that property, Woolwich director of engineering and planning Dan Kennaley told councillors meeting Mar. 1.
Guenter Nuessler of Progressive Engineering Services Ltd., representing Sarmazian Development, said the watermain currently ends about 300 metres from the property. With the servicing in place, his client would use half of the land for a 35,000-square-foot retail store and warehouse facility comparable to the Sarmazian Bros. Flooring locations in Guelph and Cambridge.
The company has spent some years looking for a location to serve customers in the north end of the region, Elmira and out to Listowel, said Nuessler.
With water in place, the building would use a septic system. The owners would hook up to municipal sewers when they become available, which would make it possible to develop the other half of the property, he added.
Amending the deal and all related costs will be borne by the developer, Kennaley explained.
In addition to the watermain extension costs, the developer will pay the township a fee of 4.5 per cent of the total install cost to amend the cross border agreement, plus all associated legal costs to review and register the deal.
The developer also agrees to pay all administrative and legal costs to the City of Waterloo.
The arrangement was quickly approved by council, putting the ball in Waterloo’s court.