Click on the above blog title to see the Driftwood article regarding the CRD PARC meeting last week – Monday, January 15th.
When the Islands Trust is rezoning for a development, PARC can request either 5% of the land or 5% of the cash value of the land. We made a presentation to them that we already intend to put a protective covenant on approximately half the land – and if PARC did request cash-in-lieu that would directly affect the affordability of the Dragonfly homes.