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Committee of the W hole
AGENDA
Thursday,April 19, 2018
Chester Municipal Council Chambers
151 King Street, Chester, NS
1.MEETING CALLED TO ORDER.
2.APPROVAL OF AGENDA/ORDER OF BUSINESS.
3.PUBLIC INPUT SESSION (8:45 A.M.–9:00 A.M.)
4.MINUTES OF PREVIOUS MEETING:
4.1.Committee of the Whole –March 22, 2018.
5.MATTERS ARISING:
5.1 Information Report prepared by Community Development Department dated
April 12,2018 regarding Mortgages and Civic Numbers.(Origin –COW Meeting
October 5,2017).
6.POLICY DEVELOPMENT/REVIEW.
7.CORRESPONDENCE:
7.1 Presentation/Grant Application Request by Lunenburg County Senior Safety
Partnership (appointment at 9:00 a.m.)
7.2 Letter from Municipality of the District of Lunenburg dated April 6, 2018
regarding Memorandum of Understanding (MOU) concerning public access to
Sherbrooke Lake.
8.NEW BUSINESS.
9.IN CAMERA:
9.1 Section 22 (2)(e)of the MGA –Contract Negotiations –Solid Waste Collection
Contract Extension.
9.2 Section 22 (2)(e) of the MGA – Contract Negotiations – Internet Service.
9.3 Section 22 (2)(a) of the MGA – Land Negotiations – Simms Settlement.
Page 2 of 2
10.ADJOURNMENT.
APPOINTMENT
9:00 a.m.David Walker and Shona Brown,Lunenburg County Senior Safety
Partnership regarding Grant Request.
INFORMATION REPORT
Prepared By:Tara Maguire Date April 12,2018
Reviewed By:Date
Authorized By:Tammy Wilson, CAO Date April 13, 2018
CURRENT SITUATION
Staff was asked to look at mortgage requirements as they relate to civic addresses and to see if
the banks have different requirements for mobile homes vs conventional construction.
The concern was that our procedure for issuing civic numbers may impact ability to get a
mortage within the timeframe needed for mobile home purchase and placement.
RECOMMENDATION
For information
BACKGROUND
In response to a complaint presented to council regarding our civic addressing process, staff
was asked to contact local banks and mortgage brokers to find out if they require civic
addresses to be assigned prior releasing mortgage funds for undeveloped property. We were
also requested to find out if there is a difference between a mortgage on construction
construction vs a mobile home. The banks indicated that the mobile homes typically require a
chattel mortgage if they are on a leased lot (mortgage on a moveable object that isn’t attached
to a piece of land). Some of the banks will not do chattel mortgages. The chattel mortgage
would not be required if the land was mortgaged along with the home, which indicates that
they would treat those the same as a conventional stick built home.
DISCUSSION
The following summarized the information received from the local banks
Organization Notes
LaHave Credit Union On form, no mandatory entry for Civic, so assume
it's not a problem without.Don't do too much with
new builds.
CIBC Don't do chattel mortgages (lease lots), but Lot # or
PID fine for new builds, or owned lots
REPORT TO:Municipal Council
SUBMITTED BY:Community Development
DATE:April 12, 2018
SUBJECT:Mortgages and Civic Numbers
ORIGIN:COW-October 5, 2018
2 Error! Reference source not found./Direction
RBC No problem on new builds using PID or Lot#, have
not done any chattel lots yet, but don't foresee any
differences
BMO Usually ask for Civic, but there is a workaround.Can
put Lot 1 with unique PID or assessment number
New Ross Credit Union PID is perfectly OK
Scotiabank Left message but did not hear back
We also contacted a mortgage broker who indicated that if there is no need for a civic, PID
would suffice.
IMPLICATIONS
Policy
None
Financial/Budgetary
N/A
Environmental
N/A
Strategic Plan
N/A
Work Program Implications
N/A
OPTIONS
List options here.
ATTACHMENTS
List attachments here.
COMMUNICATIONS (INTE RNAL/EXTERNAL)