west park lands accredited investment
TRANSCRIPT
West Calgary Development Opportunity
Accredited Investor Offering
1
DisclaimerDisclaimer Certain statements contained herein as they relate to West Park Lands II Limited Partnership, West Park II Bond Offering and the General Partner and their respective views or predictions about the possible future events or conditions and their business operations and strategy, are “forward-looking statements“ within the meaning of that phrase under applicable Canadian securities law. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects“, “does not expect“, “is expected“, “anticipates“, “does not anticipate“, “plans“, “estimates“, “believes“, “does not believe“, or “intends“, or stating that certain actions, events or results “may“, “could“, “would“, “might“, or “will“ be taken, occur or achieved) are not statements of historical fact and may be “forward-looking statements“. Forward-looking statements are based on the current expectations, estimates and projections of the management of West Park Lands II Limited Partnership, West Park II Bond Offering and the General Partner at the time the statements are made. They involve a number of known risks and uncertainties which would cause actual results or events to differ materially from those presently anticipated. The forward-looking statements contained in this document are given as of the date hereof. Except as otherwise required by law, West Park Lands II Limited Partnership, West Park II Bond Offering and the General Partner does not intend to and assumes no obligation to update or revise these or other forward-looking statements it may provide, whether as a result of new information, plans or events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements as there can be no assurance that the condition, events, plans and assumptions on which they were based will occur.
2
Property Location
5
Property Location
Current 5 AcresAdditional 5 Acres6
City of Calgary “West” Housing Data
Communities Included
Aspen Woods, CFB-Currie, Coach Hill, Patterson, Springbank Hill, Strathcona, West Springs
7
City of Calgary Planning Process
Subject Properties are
Included in the West Springs
Area Structure Plan
Growth Management Analysis
Outline Plan and Land Use Amendment
8
City of Calgary Planning Process
New Communities - Single Family Dwellings Overview – City of Calgary
9
City of Calgary Planning Process
New Communities - Single Family Dwellings Overview – City of Calgary
10
Area Structure Plan
Current Area Structure Plan – Approved July 2012
Subject Properties
http://www.calgary.ca/PDA/pd/Documents/Publications/west-springs-asp.pdf
11
West Land Supply (or lack of)
Serviced Land – with “land use” in place = 2 – 3 years (lowest in the city)
13
Lack of Multi-Family Units
In 2014 there were 0 applications made for Multi-Family Units
14
Aging Population in Calgary
15
Planning Group
17
We Have Retained Brown & Associates Planning Group for our Concept Design and Representation with the City of Calgary
Brown & Associates Planning Group provides professional community and land development planning services to a broad range of public and private sector clients. The firm is based in Calgary and is well known throughout southern Alberta as an active member in the community planning and land development sectors.
www.brownandassociates.com
“Outline Plan – Map a”
Subject Properties
18
Subject Properties
20
Proposed Concept Plan
819 & 839
81 Street SW
Semi-Detached Site - 16 Units
Town House Site - 62 Units
Condo Site - 40 Units
Seniors Site - 187 Units
Example of Ideal Concept Plan
21
22
The Offering
This information document is confidential and for internal
use only. The content is not to be reproduced or distributed
to the public or the press. The document is for information
purposes only and does not constitute an offer to sell or a
solicitation to buy the securities proposed herein.
Please refer to the Limited Partnership Agreement and the
Bond Term Sheet for full disclosure of this offering
West Park Lands II Limited Partnership
23
Structure
Management Company1927774 AB Ltd.
Dave Rankine Jan Cerny
Land
West Park Lands IILimited Partnership
General PartnerWest Park Lands II GP Ltd.
Dave RankineJan Cerny
Equity - Class “B”Non Registered FundsAccredited InvestorsWest Park Lands II LP
$50,000.00 Units
Equity - Class “A”Non Registered FundsAccredited InvestorsWest Park Lands II LP$500,000.00+ Units
Bond UnitsRegistered Funds
Accredited Investors1928257 AB Ltd.$10,000.00 Bond
*Class B is a minimum of 2 Units (Management has discretion to accept 1 Unit)
24
22
Offering Highlights
Equity - Class “A” Equity - Class “B” Bond Units
Investor Type Accredited Accredited Accredited
Investment Type Equity Equity Bond
Registered Funds Eligible No No Yes
Minimum Investment $500,000 $50,000 $10,000
Anticipated Hold Period 3 – 5 years 3 – 5 years 3 – 5 years
Preferred Rate (cumulative) 9% 7% N/A
Bond Rate (cumulative) N/A N/A 10%
Hurdle Rate 1 (50 / 50 split) up to 15% up to 12% N/A
Hurdle Rate 2 (20 / 80 split) Thereafter Thereafter N/A
*Class B is a minimum of 2 Units (Management has discretion to accept 1 Unit)
23