Legacy MLC Business Plan LegacyMLC_Business_Plan_040119 | Page 3

EXECUTIVE SUMMARY
Commercial and residential real estate development, property
management and infrastructure advancement projects that
bring significant benefit to regional communities and residents
may not always be seen by the private development sector as
having sufficient return on investment, and fail to actualize in
our communities. Recognizing this economic barrier, Lac Ste.
Anne County has decided to establish a Municipally Controlled
Corporation (MCC) to provide property development and facility
management services for community-focused projects that
may present significant benefit to our communities, but where
the economic benefit of these projects is not great enough to
attract private investment. Legacy Municipal Land Corporation (Legacy MLC) will use innovative community wealth-building
strategies to develop place-based assets that may otherwise experience prohibitive barriers to locating in the region.
Legacy MLC’s initial project will be the construction of a facility for the expansion of Onoway Regional Medical Clinic
(ORMC). ORMC, a general family medical clinic operating in Onoway, Alberta, has been operating successfully without
subsidy since January 1, 2017, when a regional partnership of six municipalities purchased the clinic from the previous
operator. The project will be funded by a loan from Lac Ste. Anne County to Legacy MLC, which will be repaid from lease
payments made by the ORMC to Legacy MLC. The proceeds from this initial project will provide for the operational costs
of Legacy MLC for the duration of the loan and allow Legacy MLC to build a project fund of more than $60,000. The
proceeds of Legacy MLC projects will be reinvested into future projects undertaken by the MCC.
As Legacy Municipal Land Corporation moves forward with this initial project and the many projects it will undertake
in the future, the County and its residents will benefit from the strengthened foothold of Community Economic
Development in our region to help families benefit from local jobs, quality services and homes to enable the continued
development of the region’s thriving communities.

Municipally Controlled Corporation Business Plan
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