Thought this was funny for McMahon to say without choking on the words. Suddenly he realizes that termination dates that have already passed is not realistic to expect changes. You see what a piece of shit this guy is. McMahon told his flunkies the expired 2011 WIA was still in effect and tore the community apart again in 2015. Jacques, Bitten, Loxam, voted at their very first meeting Nov. 2016 to give McMahon an extension on an agreement that expired Dec. 31, 2014. Haraldson and Godfrey can also take credit. Although Godfrey is a different as he hid his representative status of KIP from the community. Dunning–Kruger effect.

23. Assuming the Petitioners are able to subdivide CDA2, the materials filed by the Petitioners state that they expect substantially all of the CDA2 presale contracts to close, regardless of the fact the termination dates listed in such contracts have already passed, The Petitioners have provided no fact or other tangible basis to support the expectation that the presale contracts will close and based on my experience in the real estate development industry, it is not realistic for the Petitioners to expect such a result.

Interesting this ‘sale’ began Oct. 2017 and concluded Dec. 2017. In October 2017 UBID announced their water agreement with McMahon. The CVRD announced a revised MDA with KIP/McMahon in Dec. 2017.

Cameron Stephens Mortg vs Kensington Notice of ApplicationDownload
First Affidavit of Brian McMahonDownload

22. At the time of this default, the Debtors represented to the Petitioner that the status of the Lot 2 Project was awaiting approval of a waste treatment permit, which was a condition to obtain the necessary subdivision approval for the Lot 2 Project (the“Lot 2 Project Approvals”), and that the Lot 2 Project Approvals were further conditions for the closing of existing presales on the Lot 2 Project (the “Presales”).

23. At all material times following this default, the Debtors represented to the Petitioner that the Lot 2 Project Approvals were likely to occur over the next few months and that the Presales were the best way to ensure the Petitioner would be repaid in full.

Remember June 2024 when McMahon was on the phone at the CVRD meeting where his rep was pushing the used temporary wastewater treatment plant? Always the con, scrambling to get his foot in the door to continue the long con.

The CVRD is going to approve a development permit to Kensington Island Properties aka Union Bay Estates to construct a temporary wastewater plant. WTF?
Area A Director Daniel Arbour and CVRD Marc Ruttan and Russell Dyson – MDA double talk compliance with KIP aka Union Bay Estates