Why I think the "Letter of Intent" is not a good deal.

https://www.wasagabeach.com/town-hall/council#cnclAgenda
COMMITTEE OF THE WHOLE (Special Meeting) Report Friday July 6, 2018 at 2:00 p.m. held in the Classroom, see; Schedule "A" to By-law 2018-60

• Read the letter over a few times. I do not see any guarantees that any of the promised perks for our town will get built.
• Unlike all of the other developments around Wasaga, this is the only one I know of where the town is paying for the necessary infrastructure. Water/sewer/road improvements. Talk to any local builder to see if the ever got such incentives?
• The Town is further offering rebates or waved fees on development charges. Part of these fees normally go towards parks/playgrounds and other community projects.
• There is no clear time table, and the Town can end up holding lands for 20 years or more. If these lands sit vacant there is no tax collected on them, and the town will still have to pay county & school levies on these lands. A huge cost.
• A single developer gets control of a very large portion of our Tourist area. There will not be a lot of diversity in building/design styles. Having at lease had 3 developers working on various phases, work could proceed at a faster pace, and we would see more variety.
• Read the part about purchase price:"such price shall be in a range between $500,000 and fair market value", "assuming any required zoning has been completed". Not only is the developer being exempted from having to go through a planning process they are also getting pricing below market value.
• Non of these costs can ever be fully recouped through the completed development, so the rest of the citizens in Wasaga will be bearing these for many many years to come.

Please add your thoughts or comments....