Legacy MLC Business Plan LegacyMLC_Business_Plan_040119 | Page 7

Costs Relating to Establishing the MCC
The are not expected to be any cost to Lac Ste. Anne County related to
the establishment of the ORMC MCC.
Municipal Assets to be Transferred to the MCC
There are no plans to transfer municipal assets to Legacy MLC.
Initial Project – ORMC Facility
The initial project of Legacy MLC 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 partnership of six municipalities in the region purchased the clinic from the previous operator. However, to expand
the medical services available in the community and retain an additional physician, the clinic is seeking a new facility.
Legacy MLC will receive a loan from Lac Ste. Anne County (LSAC) for the construction of the new facility. Once completed,
ORMC will lease the facility from Legacy MLC at a rate 2% greater than the interest rate provided on the loan from LSAC.
The difference between the interest rate 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.
Performance Measures
If Legacy Municipal Land Corporation is successful, its work will impact
the communities in which it works. At the highest level, Legacy MLC will
strive to achieve the following outcomes:
• Communities will benefit from increased availability of services
provided locally, from both Legacy MLC projects and economic
development arising from the barrier free environment created by
our projects.
• Communities will benefit from these thriving businesses that provide
vital community services and employ residents.
Municipally Controlled Corporation Business Plan
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