(NEW) What is protecting the Town of Hinton’s Interest with the proposed development?
  • The Town of Hinton has retained securities in the form of a deposit from the Purchaser.
  • The Agreement is conditional upon the Town satisfying itself that the Purchaser has the financial ability to move forward with the Development.
  • The sale remains conditional upon the Town being satisfied with the final subdivision plan and conditions of subdivision, together with the development permit and development agreement to the satisfaction of the Town. (The Developer is following standard statutory document approvals for development)
  • The Town has the right to re-purchase the lands, at present market value, if the Development does not proceed in accordance with the Purchase and Sale Agreement.
  • The Purchase and Sale Agreement specifies the nature of the development as proposed by the Purchaser at the time of the EOI.

Show All Answers

1. What is an Expression of Interest (EOI) process and how does it work?
2. The Town of Hinton Golf Course Expression of Interest (EOI)
3. Appraisal Process
4. Tax Concessions
5. Next Steps in the Municipal Land Development Process
6. Focused Working Group
7. Town of Hinton Independent Golf Course Professional
8. (NEW) Does the Town of Hinton own the Golf Course?
9. (NEW) What is protecting the Town of Hinton’s Interest with the proposed development?