According the Municipal Government Act, a Municipality can take either 10% of the land area of a subdivision or cash in lieu of 10% of the value of subdivided lands. Municipal reserves provide residents with parks, recreation facilities, public buildings, schools, natural areas, and horticultural or agricultural uses. Cash in lieu is added to a reserve account and can only be used to construct or maintain Municipal Reserve land or facilities.
The County's assessor will provide the cash-in-lieu appraisal, at no additional cost to the applicant. Together, these initiatives have improved customer service and assisted with establishing a consistent method for the provision of Municipal Reserves.
If you have any questions, please do not hesitate to contact the Planning & Development Department at 780-542-2667.