The Lac du Bonnet CDC worked to develop an equitable and standard Lease Agreement that would be used for any Lease Agreements it entered into with clients. During this process, the Lac du Bonnet CDC conducted research and had conversations with other Municipalities and Government Departments that Lease land.
The Real Estate Services Division Lease Agreement, developed by the Lac du Bonnet CDC, was built using the Manitoba Crown Lands Lease Agreement as a base. During this development phase, the CDC also put standardized Lease Amounts based on use into place.
Lease agreements would be based on a percentage of the most recent Assessment Value as follows:
- Recreational Use: 1%
- Forage Use: 1.5%
- Cropping Use: 2%
The Draft Agreement was reviewed by the Rural Municipality of Lac du Bonnet and its Legal Department, and the Council passed a Resolution to approve the Real Estate Services Division Lease Agreement on July 12, 2022.