Why does the CVRD think this developer will follow through on the current MDA? Has this developer shown any inclination to abide by any MDA it signs?
After years of KIP making excuses for not proceeding, the CVRD sent the following to KIP with 2 options in March 2017.
KIP knew there was a covenant on the development land and prohibited from subdividing according to the MDA KIP willingly signed in 2010. KIP subdivides 27 acres of contaminated soil of the coal hill and turns it over to the province on April 6, 2017 at Land Titles and it is registered April 20, 2017.
On April 28, 2017, KIP’s solicitors advise the CVRD “…that the developer, KIP, is of the view that it is currently in compliance with the Master Development Agreement (MDA) in all material respects” after breaching the MDA days earlier.
The CVRD is not aware of this breach of the MDA until early May and advised it can’t be reversed.
Is this a developer who can be trusted when signed agreements appear to mean nothing? This is the post from that time period with more info: https://allthingsunionbay.wordpress.com/2017/09/26/update-on-kensington-island-properties-aka-34083-yukon-inc-violating-the-mda-by-subdividing-contaminated-coal-hill-section/