Subdivision Servicing Agreement Security PolicySubdivision Servicing Agreement • April 8th, 2021
This policy is premised on the City's past development experience. It has been demonstrated that the highest incidence of non-performance of contractual obligations, and therefore the greatest financial risk to the City, has come from developers with little or no previous development experience in the City. Conversely, there has been a very low incidence of non-performance of contractual obligations from developers with long- standing development experience in the City.
Subdivision Servicing AgreementsSubdivision Servicing Agreement • December 1st, 2009
A servicing agreement is a legal contract a municipality may require with a subdivision applicant under Section 172 of The Planning and Development Act, 2007 (the Act). Under it a municipality accepts long term responsibility for maintaining services in a new subdivision in exchange for the developer installing the services needed for the subdivision.
MEMORANDUM OF UNDERSTANDING APPENDIX 1Subdivision Servicing Agreement • November 13th, 2013
WHEREAS the Developer is the registered Developer or holder of a Registered Right to Purchase lands and premises situate, lying and being in the Regional District of Nanaimo, Province of British Columbia and more particularly known and described as:
