METAL recycling company Immix is poised to relocate from Albury to Wodonga with a formal offer to purchase the majority of the former saleyards site made to Wodonga Council.
The purchase price of $1.5 million, will be tabled on Monday night, as part of a required formal process by council to notify its intention to sell the saleyards site with the exception of five hectares.
It has been earmarked for a future council depot or defence-related use.
Two years ago council initiated an expression of interest process for the sale of the saleyards.
But none of the proposals submitted to council met its desired outcomes for the site.
The council agenda states: “Immix has been in constant contact with council to undertake due diligence on the site in preparation to purchase the land.
“Now in an expansion phase, Immix has chosen the former saleyard site as their preferred location and worked with council to achieve economic, social and environmental outcomes in the best interest of Wodonga.”
Council chief executive Patience Harrington said the legislative process would allow for public comment on the proposed sale of land.
“The site has been on the market since 2016 and has been subdivided with council retaining part of the site for the city’s future needs,” she said.
“With land at Logic, Baranduda and in the CBD, any finalised land sale across the city will result in unbudgeted cash flows to the city.
“The council has also begun a formal EOI process for CBD West (former Stanley Street swimming pool site) with interest in the city centre high following unprecedented investment with the new Woolworths and Mann Central.”