The town first proposed in July that it had reached a conditional agreement to purchase the nine-hole golf course for $8.5 million. Plans for the property include housing, parkland and a refurbished golf course.

Officials say money from the development and sale of homes on the golf course would go towards the purchase. Last month, an anonymous donor pledged $2.1 million if the town keeps 40 acres, or about 16 hectares, of the 42.5-hectare property as parkland.