Belleville council is delaying the payment of a securities deposit to allow the expansion of a seniors apartment building to move ahead more quickly.
Parkside Village is currently a two-storey 30-unit building at 193 North Park Street and the owners have plans for an expansion involving a four-storey 54-unit building connected to it.
The owners asked city council to defer the payment of a securities deposit insuring that certain parts of the building meet specifications laid out by the city.
Council supported delaying the payment of the deposit until after the owners receive funding from the Canada Mortgage Housing Corporation.
Such a deposit is returned to developers once it’s been determined that parts of the project have been completed to specifications.
(Photo: Quinte News)