October 18th, 1976

that the only outstanding issue to be resolved is that of the phasing of
the development and Mr. Alvin Shellenberg wished to address the Council
on behalf of Nu-West Development Corporation in this regard. Mr. Shellenberg
advised the Council that it was the objective of Nu-West Development
Corporation to plan an attractive, well designed subdivision compatible
with the surrounding area; to develop the area in an economically sound
manner; and to produce a development that will be an asset and benefit
to the community. Mr. Shellenberg distributed a graph showing the
Corporation's projections for development timing and suggested that due
to the amount of front end financing required, they would like to be
free to develop as the market, weather and other factors permit and
suggested their proposal of 4 phases (first occupancy July 1, 1977) 8
months apart with the final phase to be ready for occupancy July 1, 1979
and the number of units to be : 70 ~ Phase I; 60 - Phase IT; 43 ~ Phase ITT;
and 40 - Phase IV. He further advised that the Corporation felt that in
view of the amount of money required to service the entire 38 acre site,
it was necessary to develop as many lots in the early phases as possible
or as an alternative, have the City agree to distribute the costs of
development over a period of time. In response to a query from Alderman
Mabbett, the City Engineer advised that the required procedure is to
have all monies on deposit with the City before a proposal is finally

approved by the Council, and further that with respect to delaying

installation of the watermain on Prairie Avenue, he advised that the
present system is not adequate to provide for any additional services

and in conclusion would strongly recommend that the entire amount of

off-site servicing costs be arranged for in the normal manner prior to

final approval being granted. A discussion ensued regarding the City's
policy of regulating growth on the 'sector' plan and its effect on the
phasing of this particular development and the effect of various numbers
of additional units being permitted with respect to cost reduction to
the Developer as opposed to the effect on the growth rate of the City.
Alderman Laking suggested that the policy regarding deposits of all off-
site costs prior to final approval be adhered to as it is the only way
the City has a guarantee that these works will be completed regardless
of the rate of actual development within the project or the eventual
sale of the balance of the property after only part of the building

phase has been completed.