Submitted by Eric Moschopedis on behalf of Planning & Development
Dear Neighbours,
We are writing with an update about Planning and Developments on-going negotiations with the City of Calgary regarding our land tenure.
After many months of waiting, the committee, along with Lee Prevost of Boundary Design, met with the Real Estate and Development (REDs) team that has been working with our file over the last couple of years.
We are happy to report that the REDs team has finalized a report outlining three different land deal scenarios. The report has been vetted by management and Administration and has support to move forward to City Council for a final decision. Of the three scenarios, REDs and Administration will be recommending one in particular to Council, though Council will have the options to choose any one of the three.
Unfortunately, Planning and Development does not know the full details of the report as it is confidential—this is standard practice and we are not being treated differently than any other client the City works with. That said, the committee was told in conversation of the three options at a very high level. Because of the confidentiality of the process, we are not permitted to disclose what we know at this time. But rest assured two of the three options will work for Sunnyhill. Meaning two of the options align with the financial planning (pro forma) we have been working with for years and we believe are in the best interest of the coop.
Next steps:
Now that REDs and Administration has vetted and approved the report, they will meet with every City Councillor to introduce them to the report and their preferred scenario. These meetings will take place over the next few weeks. REDs will report back to Sunnyhill about the meetings and then Sunnyhill, led by Lee, will follow up with each Councillor to answer any lingering questions or provide more information.
It is anticipated that the report will go to Council Committee (April 5) and Council Chambers (April 25). These dates are not fully confirmed, but it is possible by end of April Council will have confirmed a land scenario for Sunnyhill.
Once City Council has made its decision, Sunnyhill will then need to act quickly to vote on the terms of the agreement.
In the meantime, Lee will update the financial documents that we submitted as part of our funding applications with with Federation Canadian Municipalities (FCM) and CMHC. This will allow them to begin accurately assessing our funding requests. If all goes well, we will be able to enter into the Detailed Design Phase by summer.
Thank you for your patience as we have worked through this with the City. We are confident that Sunnyhill has a path forward.
Eric Moschopedis, on behalf of Planning and Development