Project updates:

Phase 1 (The Parcel in Orillia Boundary)

• Mid July: We had a meeting with the councillors of the city of Orillia to work on the draft plan approval (See Additional Notes below).
• End of August: Draft plan approved
• Early September: Civil design started
• End of September: Starting earthworks by removing rocks and cutting trees
• End of 2023: starting presale of the Phase 1
• Early 2024: starting the servicing of Phase 1

Phase 2 (The parcel in Severn Boundary)

• Mid June: Resubmission of the draft plan for the review
• Mid June: Meeting with the city of Orillia regarding annexation of this parcel to the city of Orillia
• Early September: New draft plan submitted for review. We are waiting for next round of comments

Financial Statement:

• Please use this investors portal to download the financial statement. Please keep it confidential.

Additional Notes on July council meeting:

• The Council of the Corporation of the City of Orillia held an Electronic Public Meeting on Monday, July 17th 2023 and considered the Zoning By-law

Amendment Application:

• The purpose and effect of the proposed Zoning By-law Amendment was to align the zoning of the lands with the proposed Red Line Revision to the existing Draft Plan of Subdivision to permit a range of zoning to allow for Single Detached Dwelling Units with site-specific performance standards; Townhouse Dwelling Units with site-specific performance standards; and Back-to-Back Townhouse Dwelling Units with site-specific performance standards, in addition to zoning for the proposed stormwater management ponds, parkland, and servicing/walkway blocks. The Zoning By-law Amendment will also refine the location of the Environmental Protection Zone to align with the location of the existing coldwater tributary to Silver Creek and provide an appropriate buffer to adequately protect this feature.
• It was proposed that the existing Draft Plan of Subdivision be amended to increase the total number of Dwelling Units from 169 to 351:
  • 39 Single Detached Dwelling Units and 122 Townhouse Dwelling Units on future municipal roads;
  • Two future Common Element Condominium blocks (proposed to contain 120 Townhouse Dwelling Units and 70 Back-to-Back Townhouse Dwelling Units on future private condominium roads);
  • Two stormwater management ponds to be owned by the City;
  • A future park to be owned by the City;
  • Servicing and walkway block; and,
  • 15m to 23.7m wide Environmental Protection buffer on either side of the coldwater tributary to Silver Creek.