Covenant & Master Development Agreement (MDA)
Covenant and MDA • The restrictive covenant CA3315855 currently registered on SilverStone lands, was established to require the developer to register a Master Development Agreement (MDA). • MDA ensures coordinated phasing and allows time to understand long-term housing needs and expectations, therefore allows appropriate time to understand how this community would build out over time.
MDA Requirements
• The updated OCP will form the foundation of the MDA, which sets the sequencing and timing for future housing delivery to meet Sechelt’s housing needs. • MDA outlines roles, responsibilities, and financing for future infrastructure and community amenities. • Unlike a Neighbourhood Plan, the MDA provides certainty and avoids a piecemeal development approach, enabling full delivery of parks rather than fragmented sections over decades.
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