District of Sicamous photo The District of Sicamous has made an offer to purchase the Sicamous Medical Clinic.

District begins process to purchase medical clinic

Move will facilitate the recruitment of a second physician for community.

The District of Sicamous has announced a conditional purchase offer on the acquisition of the Sicamous Medical Clinic, located at 217 Finlayson Street.

“Council has been pursuing additional community space for our recreation programs as well as aggressively recruiting for a second physician to improve quality health care for our residents,” said Mayor Terry Rysz in a news release. “Council determined that this was an opportune time to meet both objectives by purchasing the medical clinic below its fair market value. This purchase will position council to actively recruit a second physician and nurse practitioner for our community.”

The conditional purchase offer of $690,000 is below the property’s 2017 assessment value of $929,000 and appraised value of $790,000, states the release. In addition, the long-term tenants that will remain in the space yield a healthy capitalization rate of seven per cent for the District of Sicamous.

“All of these factors led to a final decision to make a purchase offer on the land and building complex. No debt will be issued, the district will be financing this acquisition through available internal resources. Outstanding conditions on the purchase offer include public consultation through a financial plan amendment and a building structural inspection, with a closing date of Nov. 10,” the release states.

An amendment to the 2017 Financial Plan will be introduced to council on Oct. 11 reflecting this purchase.

A press conference is scheduled for Friday, Oct. 13 at noon at municipal hall for anyone to ask questions and learn more about the acquisition.

Just Posted

Legion bell prank hits sour note

Anger erupts after Summerland Legion member removes bell from Peachland Legion

Former optician guilty of assaulting minor

Sex offence took place in Salmon Arm more than 25 years ago

Kelowna Parkinson’s SuperWalk team donates to local shelter

Good Vibrations donated $300 to Inn from the Cold

Video offers aerial view of future Salmon Arm

Ministry of Transportation and Infrastructure shares digital rendering of Salmon Arm West project

No snow, mild temperatures for Okanagan-Shuswap

You shouldn’t need your shovels anytime soon

SAR score new machine

Vernon Search and Rescue win Kioti Tractor contest

Site C decision coming Monday morning

Premier John Horgan to announce fate of dam project at B.C. legislature

California couple name daughter after Revelstoke

Revy Elle Atashroo was born on Nov. 27. Her name honours the town her parents loved exploring.

VIDEO: Vancouver Whitecaps acquire star striker Kei Kamara

Kamara has 103 goals and 39 assists in 298 appearances over 11 Major League Soccer seasons

Smartphone pedometers underestimate steps, but valuable health tool: study

UBC researchers found the iPhone underestimated steps by 21.5 per cent

VIDEO: ‘Last Jedi’ premiere kicks off with droids, Daisy Ridley

Latests Star Wars film premiered in style ahead of Dec. 15 theatre debut

UPDATE: Poor ventilation likely cause of carbon monoxide incident at B.C. farm

All 42 patients have been released from hospital, according to Delta Fire

BC Lions part ways with three coaches

These are the first personnel moves made by new general manager Ed Hervey

Most Read