CLC follows these procedures to take surplus strategic government property and create strong and vibrant developments that add lasting value to communities in which it operates.
CLC is notified when a government department identifies a strategic property that is surplus to its needs. The company analyzes market conditions, location and a variety of other factors to determine how a property can best generate financial and community value. It then prepares a business case for internal purposes.
CLC works with the relevant government department to determine a fair market price for the property and then purchases it. When the government’s real property disposal process is complete, CLC receives title to it.
CLC project managers meet with municipal officials and the public to introduce the company and discuss how consultations will take place. Depending on the situation, CLC may meet with community organizations, hold open houses and establish local advisory committees to gain public input on potential best uses and public amenities for the property.
After completing the consultation process, CLC then creates a master development plan for the property to incorporate sustainable growth and meet the needs of the local community. This plan is then formally submitted to the local city or town council for consideration and approval. CLC subjects itself to all relevant municipal and provincial approvals processes for its developments.
Following receipt of the appropriate approvals, CLC typically carries out site servicing. These pre-development activities may involve the removal of debris and contaminated soil, as well as the renovation or demolition of unsafe structures and the installation of roads and other municipal services to ensure the site is ready for development.
Even though CLC does construct some buildings itself, it more typically markets and sells the property in phases to builders. The builders carry out construction in a manner consistent with CLC’s overall vision. In certain cases, the company retains and manages properties to optimize the financial and community value obtained from them.
