The Metropolis of Langford has filed a discover of civil declare towards the Bear Mountain developer in an effort to get better what it alleges are overdue funds.

Ecoasis and Langford signed a memorandum of understanding in September 2016 for Ecoasis to pay $3,069,507.19 in direction of the extension of the Bear Mountain Parkway.

The developer then paid a portion of the parkway prices in growth price cost credit, however the two events got here to a dispute over the quantity excellent to be paid.

On Feb. 23, 2023, the 2 signed an settlement that Ecoasis would pay $1,886,353.84 in a fee plan for the remaining stability.

The primary portion, $90,000, was due inside 60 days of the settlement, then $300,000 could be due on the final day of the 12 months between 2022 and 2027, with the ultimate fee being slightly below $300,000.

Town says Ecoasis paid the primary $390,000, however then the deadline for the following $300,000 fee on Dec. 31, 2023 handed with out fee.

The reimbursement settlement additionally stipulates that if a fee is missed, then your entire remaining stability is due in full and that a further quantity equal to the curiosity prices could be due, which town says as of March 14, 2024, is the same as $1,881,852.36.

Town says it despatched a authorized letter to Ecoasis on Jan. 24 requesting the total fee by no later than Jan. 31. Town didn’t obtain a response, and adopted up on Feb. 8 requesting the fee by no later than Feb. 14.

This additionally was not responded to, and town says the final fee it acquired was on Jan. 31, 2022.

Town is now searching for Ecoasis to pay the total quantity plus the entire Metropolis’s authorized prices incurred in implementing the settlement settlement.

Ecoasis has as much as 49 days relying on whether or not they have been inside or out of Canada once they have been served with the discover to reply. Langford filed the discover on March 14, 2024.

Ecoasis has not but filed a response to the declare, and didn’t reply to a request from CHEK Information for remark.

RELATED FROM 2023: Bear Mountain to start charging $45/day trail fee to non-residents


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