Agreements

When developing land, there are agreements that might need to be entered into between the Town of Okotoks and the developer.  

Subdivision Servicing Agreement

The Subdivision Servicing Agreement (SSA) is the contractual agreement between the Town of Okotoks and developers of multi-lot subdivisions.  The agreement addresses the obligations of the developer and the Town including such matters as performance securities, insurance requirements, endeavours to assist, maintenance periods and associated costs.

Development Agreement

The Development Agreement is the contractual agreement between the Town of Okotoks and the developers of a lot or combination of lots [the development site] that have been approved for development and requires servicing.  The site may be for commercial, industrial, intuitional or multi-unit residential development.  The agreement addresses the obligations of the developer and the Town including such matters as performance securities, insurance requirements, endeavours to assist, maintenance periods and associated costs.

Deferred Servicing Agreement

The Deferred Servicing Agreement is the agreement between the developer and the Town of Okotoks when lands are subdivided but servicing is not complete.  The agreement has “Triggering Events” that require the construction of Roads and Public Utilities, payment of fees and taxes. Prior to commencing construction the developer is required to enter into the a Subdivision Servicing Agreement or Development Agreement.

Assignment Agreement

In the event that a developer has entered into an agreement (Subdivision Servicing Agreement or Development Agreement) and decides to the sell all of its interest in the Land to another party, the developer and the purchaser must first enter into an Assignment Agreement with the Town of Okotoks. The Assignment Agreement transfers the developer’s rights, obligations, title and interest in the Agreement to the purchaser [Assignee].

Municipal Centre
Sun: Closed
Mon - Fri: 8:30 am - 4:00 pm
Sat: Closed
Closed on Statutory Holidays
  • General Inquiries: (403) 995-2760 Contact Online
    Fax: (403) 938-7387
Municipal Centre

Planning Services

Sun: Closed
Mon - Fri: 8:30 am - 4:00 pm
Sat: Closed

Contact

  • General Inquiries: (403) 995-2760 Contact Online
    Fax: (403) 938-7387
Closed on Statutory Holidays