Mission council has agreed to allow Tripod Developments Ltd. pay cash in lieu of a parkland contribution for a Silverhill Avenue subdivision.
District planners are in the final stages of moving the four-lot subdivision application forward, but needed a resolution from council to accept money instead of land. Any proposed subdivisions with three or more lots are required to provide parkland or cash in lieu to the municipality.
Since there are no neighbourhood parklands identified in the area in the official community plan, staff recommended the cash contribution instead. The amount owed to the district would be five per cent of the assessed land value. The 8.42 hectare property has not yet been appraised.
Three years ago the same developers applied to rezone the property at 31131 Silverhill Ave. to create nine lots with secondary suites, however, council denied the move after a public hearing.
The developer can subdivide the property into four-acre lots under the current zoning.