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Pictured above: John Cole

Five Copper Ridge lots drew 79 applicants

The next five lots to be developed in the city will likely mean more construction in Copper Ridge.

By Stephanie Waddell on August 14, 2008

The next five lots to be developed in the city will likely mean more construction in Copper Ridge.

This morning, John Cole, the territory's manager of lands client services, drew five of the 79 names of applicants in a land lottery for the vacant properties which sit on Drift Drive, Winze Place and North Star Drive.

The names were drawn at the Elijah Smith Building.

"They were turn-backs," Cole explained of the lots becoming available.

Christine Thomas was the first name to be drawn, which permits her to purchase her first choice of the five lots - Lot 889 - at the corner of Drift Drive leading toward Winze Lane close to Keewenaw Drive.

The 696 square metre property has a sale price of $53,310.93, with GST totalling $2,665.55.

Michael Butler was the second name to be drawn, getting his first choice of lots with Lot 793 on Winze Place toward at the back of the neighbourhood. At 1,015 square metres, it is the most expensive of the lots, at $70,163.10, with GST at $3,508.16.

The next two applicants also got their first choices.

Elizabeth Hill was the third name to be drawn, with her first choice being Lot 577, on a corner of North Star Drive near Drift Drive. The 711 square metre property is priced at $53,000, with GST at $2,650.

Julie Minor was the next name to be drawn, getting her first choice of properties - Lot 878 - at a corner of Drift Drive leading toward Winze Place. The 995 square metre site is priced at $67,745.62.

Finally, Andrew Muir had to settle for his third choice of the five properties, with his name being drawn for Lot 872, on Drift Drive, five lots down from Lot 878, closer to Winze Place. The 756 square metre property is priced at $61,124.18 with GST at $3,056.21.

Muir's first choice was listed as Lot 793, with his second choice being Lot 878.

While Muir got the fifth property available, his name was actually the sixth to be drawn after Bev and Gary Neukom's names were drawn. They had listed Lot 793 as the only one they were interested in.

While applicants who weren't selected can get their $300 deposit required for the lottery back, it is non-refundable for the five selected unless they withdraw from the purchase before Aug. 28.

If they do that, the land selection will then go to a list of eight names drawn for the eligibility list. Those potential purchasers will have 48 hours from when they're contacted to accept the lot and then 14 days to make the necessary payments. After that, any lots left would be sold over the counter.

The five who were successful now have until Aug. 28 to complete the application process for the sale agreements with the lands branch.

Under that process, each must provide a 20 per cent down payment with the application. Once the agreement is signed, applicants can start working on the land and getting the proper permits needed from the city.

The conditions of the sales stipulate that lottery winners can either pay the full purchase price, plus GST or pay a 20 per cent down payment plus GST with the balance to be paid over five years. They must also pay the $2,500 development cost charge to the city.

Houses must be built within two years, and there is a one-year requirement that the owners must live in the house before the properties can be sold.

While Cole said there aren't any similar lots that will be sold through a lottery soon, the city's Stan McCowan and Ingram subdivisions will likely be the next sites to see new lots sold.

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