MUNICIPAL RESERVE (MR) DEDICATION. 4.1 The developer is responsible to ensure that the provisions for Municipal Reserve (MR) under the Municipal Government Act have been executed. 4.2 Deferred reserve caveat shall occur concurrently with subdivision registration upon residual portion of property.
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MUNICIPAL RESERVE (MR) DEDICATION. 4.1 4.1. The developer is responsible to ensure that the provisions for Municipal Reserve (MR) under the Municipal Government Act have been executed. The developer, at the time of subdivision, shall provide 10% MR dedication for the Development Area to the City through either/or a combination thereof:
(a) the dedication of land;
(b) cash in lieu;
(c) land deferral arrangement; or
(d) a land transfer arrangement.
4.2 4.2. Deferred reserve caveat shall occur concurrently with subdivision registration upon residual portion of property.
Appears in 1 contract
Samples: Memorandum of Agreement
MUNICIPAL RESERVE (MR) DEDICATION. 4.1 4.1. The developer is responsible to ensure that the provisions for Municipal Reserve (MR) under the Municipal Government Act have been executed.
4.2 4.2. Deferred reserve caveat shall occur concurrently with subdivision registration upon residual portion of property.
Appears in 1 contract
Samples: Memorandum of Agreement
