KANANTIK DEVELOPMENT FACTS

KANANTIK DEVELOPMENT FACTS
As there is so many exciting (and sometimes overwhelming) elements that go into the ownership process as well
as the development and building process, it is our intention to continue to provide you with as much comprehensive information as possible regarding your investment.
We’ve compiled the below list of questions based on
YOU and what you’ve asked us. We will continue to add
to this list, as well as create an owners forum on the website so that you can refer to it at any time. We hope that
you find this information helpful and if there are questions you would like to see featured in the future, please
email them to info@kanantibelize.com
1.) What is the progress of roads in the
development?
The development of roads is dependent upon surveying and authentication from the lands board. Currently,
there are some road sections that have been surveyed,
and these roads have been “pushed”. The land has been
cleared and is being leveled. Over the course of the
next 6-9 months, this first section of roads will be constructed with an environmentally friendly enzyme based
material called Natural-Crete which eliminates the need
for rock thus being very cost effective. As surveying is
completed section by section, the roads
will continue to progress.
2.) When will utilities be available on my
property?
Utility corridors are put in place along the same time
schedule that the roads are finished. Once your section of the development has finished roads, the utilities
should also be in place.
3.) How/When will I receive title for my
property?
There are several steps that need to be completed prior
THE KANANTIK CHRONICLE
to receiving your title. First, your lot must be surveyed and
then authenticated by the Lands’ Board. Second, the cost
of the lot must be paid in full, including the GST. Finally,
you will need to pay a 5% stamp duty and approximately
1% legal fees on the original purchase price of your lot.
After all of these requirements are satisfied, you can then
request tile to you property.
4.) When can I begin to build?
Traditionally once water, power and roads have been
delivered to your property and that obviously depends on
the section of development which your lot is located.
That being said we anticipate some of you not wanting to
to wait and instead electing to build off grid before then.
If you are interested in doing this you will need permission
from the development and will need to have a serviceable
access road to your property.
5.) What progress is being made by the
developer?
Structures completed by the developer include the resort
and beach club, including a restaurant and bar, and our
private airstrip. The development of the infrastructure such
as roads, utility corridors and expansion of the airstrip are
the current priority. The next structure to begin is the Welcome Center/Golf Clubhouse (temporary). The golf course
is also currently under construction with the clearing of
fairways.
6.) When will the golf course be completed?
Our goal is to have Nine holes of the golf course completed in about 12-18 months. Once these 9 holes are completed, they will be available for play. So for those of you
golfers, pencil in a winter get away!
2nd Quarter SUMMER 2016