866-unit subdivision being proposed for the outskirts of Arthur
ARTHUR – A proposed housing development could bring almost 900 new residential lots to Arthur in the coming years.
Developer Tribute/Sorbara Arthur Holdings Inc. has applied for an official plan bylaw amendment to construct 866 housing units on 55.34 hectares at 665 Eliza St. and a vacant lot west of Eliza Street, a rural spot just northeast of the town proper.
The applicant is seeking an Official Plan amendment and zoning changes to permit the development to redesignate the subject lands from 'future development' to 'residential'.
Currently occupied by a farmstead and cropland with frontage on Eliza Street, the development is proposed to comprise 504 single detached residential units, 114 semi-detached residential lots, 249 street townhouse units, parks, a stormwater management pond, a well and a sanitary pumping station.
'The proposed development will transform agricultural and low-density residential land into a community with housing, parks, and essential infrastructure,' said the planning justification report.
According to the report, the development will not include affordable housing units and is instead proposing a range of housing types to ensure 'broader housing options for people in different life stages.'
A noise compatibility assessment found existing and future industrial uses to the south and northeast of the development may exceed the MECP noise limits, but is feasible with 'appropriate noise mitigation measures' like forced air ventilation, noise barriers of up to six metres, redesignating the area, and/or warning clauses in property agreements.
Proposed to have access to Eliza Street and Macaulay Street, which remains unopened, the report says the existing and future road connections and future internal road network will accommodate the daily anticipated traffic levels of 478 and 646 vehicle trips. A future signal installation at Eliza and Tucker may be considered.
Given Arthur's servicing constraints, the development will require a new sewage pumping station and an upgrade to the existing wastewater treatment plant, which the report proposes should be included in the township's final municipal strategy. A new well is proposed at the intersection of Macaulay and Wells Street.
While a buffer zone with parks is proposed between the residential units and nearby dust emission sources at Clark Brothers Contracting and Teeswater Concrete Ltd. to alleviate future air quality issues, the proposed development is considered adequately distanced from nearby industrial and agricultural cities to avoid negative impacts on air quality and unpleasant smells.
Since Farley Creek crosses the site, 2.62 hectares is proposed to be preserved as a protected natural environmental area.
With two elementary schools, a private school and no high school located near the site, local school boards have been asked to identify the existing school capacity.
The full report is available
here
.
Isabel Buckmaster is the Local Journalism Initiative reporter for GuelphToday. LJI is a federally-funded program.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
2 days ago
- Business Wire
Purdue Pharma L.P. Receives Court Approval of Disclosure Statement Filed in Connection with its Plan of Reorganization
STAMFORD, Conn.--(BUSINESS WIRE)--Purdue Pharma L.P. ('Purdue') today announced that the United States Bankruptcy Court for the Southern District of New York (the 'Bankruptcy Court') approved the Company's disclosure statement for its Chapter 11 Plan of Reorganization. The disclosure statement provides creditors with detailed information on the terms of the Plan and will accompany the ballots that will be sent to the more than 600,000 claimants eligible to vote. The court has set a September 30 voting deadline and a November confirmation hearing. 'Following the 2024 Supreme Court ruling, we doubled down on our commitment to work with our creditors to design a new Plan that delivers unprecedented value to those affected by the opioid crisis. Today's disclosure statement approval is a major milestone in that effort,' said Purdue Board Chairman Steve Miller. 'We and our creditors have worked tirelessly in mediation to build consensus and negotiate a settlement that will increase the total value provided to victims and communities, put billions of dollars to work on day one, and serve the public good. We sincerely thank our stakeholders for their dedication and collaboration, and we look forward to having the plan confirmed and consummated as quickly as possible.' Purdue's Plan of Reorganization includes the following elements: Assuming full creditor participation, the Sacklers will make settlement payments of approximately $6.5 billion in installments over the next 15 years, subject to certain reserves. They will pay $1.5 billion on the day the Plan becomes effective. Purdue will contribute 100% of its assets, with an expected $900 million in cash available for distribution on the day of emergence. Notably, the Plan is the only opioid settlement to date that meaningfully compensates individual victims. Assuming full participation, individual victims will receive more than $850 million. In addition to this cash value, the Plan creates a new company with a public minded mission. The new company will provide millions of doses of lifesaving opioid use disorder treatment and overdose reversal medicines at no profit. The Sacklers, who exited the Board of Purdue by the end of 2018 and have had no involvement in Purdue since that time, will have no role whatsoever in the new company. Purdue Pharma L.P. will be liquidated following emergence. The Plan also provides a historic level of transparency. It creates a document repository that will make available to the public millions of documents, including privileged documents, related to Purdue's historical sales and marketing practices. The Plan does not contain third-party releases and fully complies with the Supreme Court's June 2024 decision in Harrington. The disclosure statement approved today provides the full details about the material aspects of the plan. The Plan is subject to confirmation by the Bankruptcy Court. This release is not intended as a solicitation of a vote on the Plan. Purdue Pharma and its subsidiaries develop, manufacture and market medications to meet the evolving needs of healthcare professionals, patients, and caregivers. Purdue and its subsidiaries focus on balancing innovative science with clinically effective, compassionate care. The Company's goals are to serve patients who rely on its medicines, pursue public health initiatives intended to help abate the opioid crisis, advance its pipeline of branded and generic medications, and introduce medicines that will help save and improve lives.
Yahoo
3 days ago
- Yahoo
Alain Rhéaume Announces His Retirement as Chair of the Board of Directors of Boralex
MONTREAL, June 19, 2025 (GLOBE NEWSWIRE) -- Boralex Inc. ('Boralex' or the 'Company') (TSX: BLX) today announced that the Chair of its Board of Directors, Mr. Alain Rhéaume, has informed the Board that he will step down from his position once a successor has been appointed by the directors, no later than December of this year. Mr. Rhéaume is announcing his retirement following the release of Boralex's 2030 Strategy. The process of selecting a new Chair will be overseen by the Board's Governance Committee and must be completed no later than December 2025, at the request of Mr. Rhéaume, as he will then reach the 15-year term limit for directors in accordance with the Company's governance policies. 'In recent years, Boralex's Board of Directors has focused on the orderly evolution of the Company, including its leadership, strategic directions, and governance. We have made significant progress on each of these priorities, which are essential to our shareholders and all our stakeholders,' said Mr. Rhéaume. Under Mr. Rhéaume's leadership, Boralex has made substantial progress, including: Drawing on the succession plan implemented under the Board's supervision, the executive team has been renewed, beginning with the appointment of Patrick Decostre as President and Chief Executive Officer. The team now includes new leaders across several areas of the Company; Over the past 10 months, the Board has welcomed three new directors, enhancing the Board's broad range of skills and experience, while two others have stepped down; The objectives of the 2025 Strategic Plan have been rigorously pursued and largely achieved. The 2030 Strategy, unveiled on June 17, will ensure the continuation of Boralex's ambitious growth trajectory. 'This key milestone in Boralex's evolution, culminating in the presentation of its new 2030 Strategy, has required significant effort from both the Board and senior management. The implementation of the Company's new strategic directions will benefit from the appointment of a new Chair who can guide it over the medium term,' said Mr. Rhéaume. 'The turbulence and uncertainty of global economies present challenges that companies must adapt to, but the strong growth in energy demand and the ongoing energy transition offer significant opportunities for Boralex, which is well positioned to continue asserting itself as a leader in renewable energy,' he added. 'We express our deep gratitude for Alain Rhéaume's 15 years of service on Boralex's Board of Directors, including eight years as Chair. Alain combines sharp business acumen with unmatched governance expertise. Always available, attentive, and insightful, he consistently balances risk and opportunity with a human approach and a commitment to the greater good. On behalf of the entire Boralex team, I thank him sincerely.' 'I have greatly appreciated working with the highly dedicated and high-performing teams at Boralex, both on the Board, within management and across the organization. Together, we have helped advance this small company, born from the vision of its founder Bernard Lemaire, to a stage of development he would be proud of,' concluded Mr. Rhéaume. For more information on the Board of Directors and its governance practices, please visit the Boralex website. Caution Regarding Forward-Looking Statements Some of the statements contained in this press release, including, without limitation, those relating to the process of selecting a replacement for the position of Chair of the Board, are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance, or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes. About Boralex At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX. For more information, visit or Follow us on Facebook and LinkedIn. For more information MEDIA INVESTOR RELATIONS Camille LaventureSenior Advisor, Public Affairs and External CommunicationsBoralex Inc.438 Stéphane MilotVice President, Investor Relations and Financial Planning and AnalysisBoralex Inc.514 Source: Boralex inc.
Yahoo
4 days ago
- Yahoo
Condor Resources Announces Grant of Stock Options and PSUS
VANCOUVER, BC / / June 18, 2025 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) announces that further to its news release dated April 15, 2024, Condor has granted 2,000,000 performance share units (each, a "PSU") to a holding company controlled by Mr. Chris Buncic, the Company's President and CEO, pursuant to the Company's Omnibus Equity Incentive Plan (the "Plan"). Such PSUs will vest over a period of time beginning on the date of grant and ending on April 10, 2027 (inclusive), subject to the achievement of certain corporate and/or individual performance criteria. Subject to regulatory approval and vesting provisions, and pursuant to the Plan, Condor has granted stock options to certain directors, officers, employees and consultants to purchase an aggregate of 2,500,000 common shares of the Company at a price of $0.20 and 500,000 common shares of the Company at a price of $0.12 until June 17, 2030. About Condor Resources Inc. Condor Resources is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company's flagship project, Pucamayo, is an 85 km2 property containing a high sulfidation epithermal system with disseminated precious metals mineralization with a large lithocap alteration visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the potential to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the potential for discovery of a bulk tonnage silver and base metals deposit. The Company has also optioned the Cobreorco project which targets gold-copper skarn and porphyry-style mineralization to a subsidiary of Teck Resources Limited. The Company's award-winning exploration team in Peru has a long history of success in discovering and advancing high quality exploration projects and managing the social aspects of its exploration activities. For more information, please visit the Company's website at Follow Condor Resources (@CondorResources) on X and (@condor-resources) on LinkedIn. ON BEHALF OF THE BOARD Chris BuncicPresident & Chief Executive Officer For further information please contact the Company at 1-866-642-5707, or by email at info@ Forward-Looking Statements This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements include, but are not limited to the Company's expectations with respect to the use of proceeds raised under the Offering. Although the Company believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties, including risks associated with the business of mineral exploration and development; continued availability of capital and financing; general political and economic conditions, fluctuations in metal prices and other market-related risks, including any volatility in the Company's share price, that may cause actual results, performance or developments to differ materially from those contained in such statements. Therefore, readers are cautioned not to place undue reliance on forward-looking statements and forward-looking information. Condor does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. SOURCE: Condor Resources Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
