The Province recently approved the annexation of 1300 acres of County land on the west side of the City of Leduc to add to the city's land reserves. The City and County have been working together for the last three years in order to realize this annexation. The annexation comes into effect on January 1, 2014.
Part of the annexation agreement is a one time payment of $220,000.00 from the City to the County to be received no later than July 1, 2014. As well, landowners in the affected areas will receive a 15 year tax assessment and transition period, which will be subject to the lowest municipal tax rate in either the county or city.
"By collaborating closely with Leduc County over the last three years, the annexation process proceeded smoothly with our municipal partner,” says Leduc Mayor Greg Krischke. “We now have the much-needed land to accommodate this city’s growth over the next number of years.”
Municipalities are recommended to have land reserves that are projected to see them through the next 30 years of growth. It is unclear how far into the future this annexation will serve for the City of Leduc but it is definitely needed space for the City.
According to the City's 4th annual Municipal Census Report Leduc grew 6.9% in the last year adding 1,759 residents in 2012 bringing our population up to 27,241. Right now Leduc is averaging an increase of 5 new residents moving into the City every day. This last year surpassed our previous five year average growth rate of 5.8%.
“Leduc’s unrelenting growth is due to our advantageous location, competitive housing prices and excellent quality of life,” says Leduc Mayor Greg Krischke. “Based on our city’s remarkable growth in recent years, as well as our building permit trends, it would be a safe bet that Leduc will surpass 30,000 citizens in the next two years.”
Over the next several months the administrations from both Leduc City and County will be working to finalize the annexation details.