Free and Clear

One of the conditions attached to the purchase of our lot in Nordegg, by Clearwater County, requires that we build a cottage to the lock up stage within three years of possession.  If this condition is not met, the County takes the lot back and refunds the purchase price less $5000.  If this were to happen the owner would forfeit the value of any work done to date.  We obviously had no intention of testing the resolve of the County and proceeded with construction in the spring 2017, after possession.  I understand that the County has taken back at least two lots in the subdivision in the past.

Yesterday an inspector from Clearwater County went out to Nordegg and carried out a review of our project, as well as a couple others in the subdivision.  Our project was deemed complete to lockup, even though there are a couple little odds and ends remaining to touch up.  We are now free and clear to do what we want and work at our own pace.  We could choose to sell the property now if we wanted to... but we do not.  There are no conditions attached and no deadline to completing the interior of the building.  We want to get it over and done with relatively quickly, so that we can begin to use and enjoy the place. 

From the date of possession on July 1st 2016, to the date of inspection on January 31st 2018, exactly19 months elapsed.  So we were just over half way to the deadline.  Its nice to have this over with and not hanging over our heads.  We can now work to our own schedule, at our own pace.