Presentation is loading. Please wait.

Presentation is loading. Please wait.

Land Development Process 10/6/2014Carma Calgary Land 20071.

Similar presentations


Presentation on theme: "Land Development Process 10/6/2014Carma Calgary Land 20071."— Presentation transcript:

1 Land Development Process 10/6/2014Carma Calgary Land 20071

2 Introduction General Overview of – Responsibility – Processes Planning, Acquisition, Engineering Goals Please ask questions!! 10/6/2014Carma Calgary Land 20072

3 10/6/2014Carma Calgary Land Pre-Acquisition Situational Analysis Property Investigations The Market Situation The Legal Situation The Policy Situation The Physical Situation The Financial Situation Option 1 Option 2 Option 3

4 Land Acquisition Market Research and Needs Assessment driven from Strategic Plan Site Selection and Pro Forma Offers to Purchase (Carma prepared) / Purchase and Sale Agreements (Lawyer to Lawyer) Due Diligence – Typically days (Engineering, Geotech, Traffic, Planning, Environmental, Pro Forma, Leases etc.) Land Purchased and Transferred Lease Agreements (Farming, utilities, cell towers etc.) transferred. 10/6/2014Carma Calgary Land 20074

5 The Acquisition Phase Financial Pro-forma – Financial modeling to determine value of land based upon: Sales expectations include both timing and price Cost estimates including timing and price Risk / Return based upon industry or corporate expectations. 10/6/2014Carma Calgary Land 20075

6 10/6/2014Carma Calgary Land Pro-forma – discounted cash flow method

7 Phases of Land Development Pre-acquisition Acquisition Questions ???? Planning and Approvals Physical Development Marketing and Sales 10/6/2014Carma Calgary Land 20077

8 Planning and Approvals Process Regional Policy Plans – (City Document) but background typically supplied by landowners. Area Structure Plan (ASP) Preparation (City Document) Outline Plan and Land Use (Developer Application) – Typically months depending on size and complexity of application. Negotiations CPAG Detailed Team Review conditions of approval CPC (Calgary Planning Commission) approval City Council approval Celebrate!! 10/6/2014Carma Calgary Land 20078

9 Policy Levels 10/6/2014Carma Calgary Land The Provincial Level The Municipal Level The Sector Level The Community Level The Sub-Community to Subdivision Level

10 10/6/2014Carma Calgary Land

11 Sales and Marketing Strategic

12 Physical Development Internal Production/Sales Planning Sales Continuity and Phasing Plan from Business Plan Preliminary Lotting Plan Approval for Individual Phases Finalize Lotting Plan Engineering Program 10/6/2014Carma Calgary Land

13 Engineering Process Preliminary Engineering and Landscape Design submission Preparation of Cost Estimates and Tenders Preparation of Phase Indemnity Agreement and Bonding by Developer Request Standard Development Agreement “Special Clauses” Preparation of Tentative Subdivision Plan and Submission to City for Approval Review Tentative Plan CPAG (Corporate Planning Applications Group) conditions of approval Architectural Controls Development Permit (if required Shallow Utility Design and Approval Final Engineering and Landscape Design Submission to City for Approval 10/6/2014Carma Calgary Land

14 Engineering Process Preparation and Award of Carma Project Approval – Internal Carma Approval Site Grading Preparation of Legal Documents and Submission to City. Submit Final Subdivision “Linens” for Submission to City for final approval. Submission of City approved linens to Land Titles for registration Final Addressing approved by City Underground Utility Permission and Installation Builders Packages (legal survey, urw, building grade plans, surface info plan) Obtain Building Permits (after testing and Fire Marshal Clearance) 10/6/2014Carma Calgary Land

15 Servicing Rough Grading Underground Utility Permission and Installation Obtain Building Permits (after testing and Fire Marshal Clearance) Builders Packages (legal survey, urw, building grade plans, surface info plan) Sale of Lots to Builders Grade Slips Issued to Builders Surface Approval from City Concrete Surface Improvements Asphalt Surface Improvements Installation of Shallow Utilities and Energizing (can occur prior to surface improvements) Landscaping 10/6/2014Carma Calgary Land

16 Sales and Marketing Tactical

17 CCC/FAC Process CCC inspection conducted by City and Developer representive after construction Some CCC inspections can be self inspected by Consultant (underground) and submitted for approval. Issuance of CCC triggers start date of warranty period Warranty Periods – Underground – 1 freeze/thaw cycle – Surface – 2 freeze/thaw cycles (minimum 75% buildout of phase required to issue FAC) – Landscaping – 1 year – End of warranty period – inspection conducted, maintenance performed (concrete, toplift asphalt, etc.) – FAC issued – Bond reduced or returned when final as builts submitted and approved by City. 10/6/2014Carma Calgary Land

18 Phases of Land Development Pre-acquisition Acquisition Questions ???? Planning and Approvals Physical Development 10/6/2014Carma Calgary Land


Download ppt "Land Development Process 10/6/2014Carma Calgary Land 20071."

Similar presentations


Ads by Google