Town council has recommended subdivision approval for the new high-end residential development at Napoleon Lake, a multi-million dollar project that is being financed by the town.
Council gave its recommendation for approval on the 42-lot development at its Feb. 10 regular meeting. Final approval will now go to Parkland Community Planning Services (PCPS), which has been handling all local subdivision applications since 1995.
Craig Teal, the town's director of planning and operational services, said he expects PCPS to give final subdivision approval this month.
ìThey (PCPS) have shown us their draft report. We've given them our feedback. They will then issue the official notice and make the decision,î said Teal.
Last summer the town made amendments to the Municipal Development Plan and Land Use Bylaw that were necessary before subdivision approval could be made.
He said the next step for council to consider is approving contractors to begin infrastructure work, including roads and sewers, this May. House construction work is scheduled to begin in August.
Last year, town council committed spending $3.75 million to start construction on the development, which is called Napoleon Meadows.
The town expects to recoup its million-dollar expenditure, which is being funded from the town's Land Acquisition/Servicing Reserve, through the sales of lots, which is hoped to bring in about $5.1 million.
The new development, which will be built in two phases, covers an area of just under 13 acres on the east side of Napoleon Lake. The neighbourhood will have 42 single detached dwellings in a ìpî loop road network design that is currently popular in the City of Red Deer but unique to Innisfail.
Phase 1 will see the construction of new roads, sanitary sewer connections, waterlines, sidewalks and streetlights. Phase 2 will see landscaping and the addition of park amenities at an estimated additional cost of $580,000.
