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

Search at Silver Creek property enters third day

A portion of the property has been cordoned off with black landscaping fabric

Man in custody linked to Silver Creek property search

Police are not saying how this search is related to Curtis Wayne Sagmoen’s current criminal charges

Debate heats up over fire protection

Revelstoke and regional district at odds over fire suppression agreement

Day 2 of RCMP search at Silver Creek residence

Police use backhoe in ongoing search effort at residential/agricultural Salmon River Road property

Controlled burns no cause for concern

Annual clean-up by forestry companies includes burning debris from logging activity

VIDEO: Sears liquidation sales continue across B.C.

Sales are expected to continue into the New Year

Police officer hit by car, stabbed in Edmonton attack back on job

Const. Mike Chernyk, 48, returned to work Thursday

UBC medical students learn to care for Indigenous people

Students in health-related studies to take course, workshop to help better serve Aboriginal people

Dorsett has 2 goals, assist in Canucks’ 4-2 win over Sabres

‘It was a real good hockey game by our group,’ Canucks coach Travis Green said.

Berry disappointed: Bear tries to eat fake fruit on woman’s door wreath

A Winnipeg woman has taken her berry-embellished wreath down, after a hungry bear visited her porch

Symphony trumpets in new season

Kamloops Symphony makes first appearance of the 2017-18 season in Salmon Arm

Column: Back to the land in the 21st century

By Jim Cooperman, Observer columnist There is a slowly growing movement back… Continue reading

Column: Sockeye fisheries hinder recovery

While driving to the Coast a few weeks ago, the last week… Continue reading

Auntie Says: Don’t bring your dope to my house

Don’t judge me and I won’t judge you, but if you try and smoke at my house, you’ll be asked to leave

Most Read