Agenda Package - City of Vernon

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February 1,2010
Mayor and Councif
City of Vernon
3400 30th Street
Vernon, BC V1T 5E6
RE: Zoning Application - 6468 okanagan Landing Road - Lot 2 Planlz44DL 62
ODYD except Plan 24116 BYLAW Number 5115,2007
We are writing as a follow up to our letter to you of January 15, 2009 which led to an extension of
our timeline for completíon of the fourth reading of the above noted zoning bylaw until January 28,
2010.
As mentioned in our previous letter (copy attached), we have been working diligenuy on this
project and coordinating our efforts with City staff on a number of issues. lncluded in these is the
servicing agreement with all of its associated covenants, easements, and rights of way. Another
major part of the servicing agreement is the letters of credit and associated financing for the
significant amount of offsite works (approximately $1.7 million) required for this project to
proceed.
We are presently finalizing the financial anangements to allow us to move forward with the
required letters of credit. Once this is complete, we will then be able to provide the letters of
credit required to meet fourth reading bonding conditions.
We expect to have all items in place and to approach Council for fourth reading in the near future.
However, to ensure we are not required to ask for additional extensions, we are requesting an
extension to July 28,2010.
Sincerely,
Rob Richardson, P. Eng,
cc: Dale Rintoul, Approving Officer
Patti _Bridal, .9rty
Ctern
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