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MV County Comments On Financial Impact Analysis For Netook Crossing

Thursday, May 31st 2012 07:00

Mountain View County is skeptical of a financial impact analysis document which concludes that the Netook Crossing development would generate $17.3 million dollars in surplus for the County over 20 years.

Mountain View County is responding to a financial impact analysis report presented to council by the proponents of the Netook Crossing development.

The key conclusion of the analysis is Netook will generate $17.3 million dollars in surplus over 20 years for the County.

Greg Weins, MVC's Director of Corporate Servcies, wouldn't go so far as to say that is inaccurate - but he does have some skepticism about the figures.

Weins says the County compared the numbers in the F-I-A to what it currently costs on a per capita basis to serve municipal ratepayers.

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Weins says the numbers Mountain View County used were from the Alberta Urban Municipalities Association as well as some stats prepared by the province.

He adds, the County is also concerned with the market's ability to absorb 671 high value residential lots.

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When it comes to the Netook Crossing development, Weins says the focus for Mountain View County council remains serving the best interests of its ratepayers.

However, he hopes a reasonable conclusion to the ongoing deliberations can be struck that makes both them and the developers happy.

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