Municipal reserves are used for public lands and facilities, such as parks, schools, libraries, fire halls, etc. Under provincial legislation, municipalities must take 10 per cent of any lands to be subdivided as municipal reserves.
Deferred Reserve Caveat
In the case of a rural setting, it does not make sense for the municipality to require the dedication of physical land. In this case, a deferred reserve caveat may be a condition of the subdivision. This is a document registered against the title of one or both of the properties, which identifies that the municipal reserves are owing, but have not been physically given to the County.
The deferred reserve caveat serves as a tracking document for municipal reserves and will be reviewed with each subdivision application, and it satisfies the subdivision condition. When a deferred reserve caveat has been registered, it does not apply to a specific portion of a parcel of land and the landowner has full use of the entire parcel of land.
Money-In-Place
In the rare case where there are municipal reserves owing in an amount smaller than two acres, the County may require the reserves to be provided as money-in-place. This is where the landowner must pay market value for the municipal reserves.
Contact a County planner at 780-968-8888 if you have any questions regarding potential reserve dedications.