Talks with Canada Revenue Agency once more delay finalization of Community Park

by · July 30, 2013

The closing date for the Community Park has been extended once more from July 18, 2013 to Dec. 19, 2013.

jul29-papersPlease be patient as the deal is still proceeding. Although the Park Plan deal was to have been closed this month, extensions are a common occurrence when you have three parties involved with three lawyers.

THE UPDATE

The Town has extended the closing date once more to allow discussions to continue between the Coultice Estate and Canada Revenue Agency.

Apparently the sticking point in the whole negotiations now boils down to the Community Park. The CRA is at this time is satisfied that the donation of 135 acres of environmentally sensitive land will be handled under the Eco Gift program. However the C.R.A. has ruled the 4-5 acres of land for Community Park does not qualify as a donation under the Eco Gift program. It now appears there is a way out by splitting the applications and putting the Community Park under the Community Gift Program.

The Town is now working with the Coultice Estate and the C.R.A. to divide the applications and make this happen. December 19th, 2013 was arrived at as a date reasonable for all the lawyers to file the correct paperwork to satisfy all parties.

All we can add at this time is to encourage the C.R.A. to get on with it. This community has waited far too long for a community park. We would also like to THANK the Town Staff and especially Councillor Bannon for not giving up on this idea.