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December 14, 2017
The Comox Valley Regional District (CVRD) board approved revisions to the Kensington Island Properties Master Development Agreement (MDA) at a special board meeting held on Tuesday, December 12.
Kensington Island Properties (KIP) is a proposed development within Union Bay. The CVRD’s Regional Growth Strategy identified Union Bay as a settlement node that would accommodate moderate growth over the next twenty years. As part of the development, the developer proposes to construct two golf courses plus a mixture of housing and commercial space which could ultimately include approximately 2,889 units once fully built out. As part of the updated MDA the developer will dedicate 51.3 hectares of parks and trails, provide a 1.62 hectare lot to Union Bay Improvement District (UBID) for the purposes of a new water treatment facility, a one hectare lot to UBID for construction of a new fire hall as well as the provision of 30 affordable housing serviced lots by 2027. The developer will also provide sewage treatment infrastructure for the development which could be expanded to provide wastewater service to some of the surrounding area.
“The revisions open the door for the community benefits associated with this project to come to fruition,” explains Ann MacDonald, General Manager of Planning and Development Services for the CVRD. “The community of Union Bay and residents of the Comox Valley will benefit from the amenity contributions that the developer will be providing.”
The revisions to the MDA include:
“I am pleased to see this project move forward,” explains Brian McMahon, Vice President for Kensington Island Properties. “Kensington Island Properties is going to breathe new life to the Union Bay community and region. The new amenities, infrastructure and affordable housing units are going to make Union Bay great place to live.”
For more information on Kensington Island Properties visit www.comoxvalleyrd.ca/kip
The Comox Valley Regional District is a federation of three electoral areas and three municipalities providing sustainable services for residents and visitors to the area. The members of the regional district work collaboratively on services for the benefit of the diverse urban and rural areas of the Comox Valley.
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