Monday, May 12, 2014

Taxpayers Spend $9 million - Linley Valley



City Moves to Expand Linley Valley Park

Approximately 200 acres added to Linley Valley Park

At the 2014-May-05 In-Camera Council meeting, the City of Nanaimo entered into a series of Option Agreements to purchase 221 acres of land within Linley Valley for park purposes. This came as a result of the 2014-Mar-24 meeting where staff were directed to secure these agreements.

These agreements make it so that the property owners cannot sell the property to anybody but the City of Nanaimo and are in place until the end of the year.

This purchase and development of the park will cost taxpayers approximately $9 million taken from reserve funds and will add land immediately west of the existing Cottle Lake Park creating a linear park totalling over 367 acres. The park will protect delicate rock bluffs, wetlands, fish bearing streams and create recreational trails for the community.

At the 2014-May-26 Council meeting, a report will be brought forward for Council to consider amending the 2014-2018 Financial Plan in order to proceed with the land purchase.

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