St. Albert City Council transfers offsite levies to developers.

*** The author of this blog, Ben Officer, is a licensed REALTOR® in the province of Alberta. The opinions expressed within this blog are those of the author and are simply that, opinions. The views expressed in this blog are not intended to advise you, as your needs may differ depending on your particular situation. The information provided in this blog is not guaranteed to be accurate and is subject to change at any time. For legal advice/information, please consult a lawyer. For mortgage advice/information, please contact a licensed Mortgage Associate. For tax advice/information, please consult an accountant. For investment advice/information, please contact a financial advisor. *** Blog Disclaimer - The information contained within this blog and posted by the author is believed to be true but cannot be guaranteed to be so. The author of this blog takes absolutely no responsibility for the comments posted by third parties on this blog.

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Thursday, November 26, 2009

St. Albert City Council transfers offsite levies to developers.

by Ben Officer on Thu, Nov, 26, 2009 10:35 AM

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St. Albert City council recently voted to transfer 95% of the offsite costs of a water reservoir, pump house, and other infrastructure in the annexed lands being developed, over to the developers and builders.

This was done because homeowners in St Albert have been getting increasingly vocal about issues that are affecting the cities financial operations. Many homeowners feel that they are paying high property taxes and they want to see them capped for the foreseeable future.

This large transfer of development costs for the needed infrastructure over to the developers and builders will ultimately be passed on to the new home purchasers through higher prices.

Ben Officer, CD REALTOR®

RE/MAX Real Estate

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Edmonton, St Albert, & Area RE/MAX Real Estate Professional

Ben Officer, CD REALTOR®

St. Albert City Council transfers offsite levies to developers.

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