Phased Development Agreement - Consolidated for convenience to include amendments up to April 27, 2021
On April 27, 2021, the Regional District of Nanaimo (RDN) approved amendments to the Lakes District and Schooner Cove Phased Development Agreement (PDA). The purpose of the amendments was to provide a mechanism for the Owner to be able to obtain occupancy prior to constructing all required amenities for each phase of development, as well as to recognize the role of the Memorandum of Understanding (MoU) as it relates to development of the PDA Lands.
The PDA is a legally binding agreement between the RDN and the owner of the lands within Lakes District and Schooner Cove, which outlines the development phasing and provision of community amenities as envisioned in the Neighbourhood Plans, for the term of the Agreement (20 years).
For convenience purposes, Schedule 1 - Phased Development Agreement of Bylaw 1692 and its corresponding Schedules are attached as separate PDF documents below: