Title
Cash-in-Lieu of Park Land Dedication for Subdivision of James Island
Recommendation
The Electoral Areas Committee recommends to the Capital Regional District Board:
That staff notify Islands Trust
1. That a 5% cash-in-lieu of park land dedication of $2,077,250 is acceptable to the CRD for the proposed 79 lot bareland strata subdivision of James Island presented as Strata Plan EPS6912.
2. That if the subdivision is not completed by the end of 2021, that staff be permitted to request a new appraisal be undertaken and the cash-in-lieu adjusted accordingly.
(NWA)