(3) The environmental reserve easement
(a) must identify which part of the parcel of land the easement applies to,
(b) must require that land that is subject to the easement remain in a natural state as if it were
owned by the municipality, whether or not the municipality has an interest in land that would be
benefitted by the easement,
(c) runs with the land on any disposition of the land,
(d) constitutes an interest in land in the municipality, and
(e) may be enforced by the municipality.
(4) An environmental reserve easement does not lapse by reason only of
(a) non-enforcement of it,
(b) the use of the land that is the subject of the easement for a purpose that is inconsistent with
the purposes of the easement, or
(c) a change in the use of land that surrounds or is adjacent to the land that is the subject of the
easement.
(5) When an easement is presented for registration under subsection (2), the Registrar must endorse a
memorandum of the environmental reserve easement on any certificate of title relating to the land.
(6) Despite section 48(4) of the Land Titles Act, an easement registered under subsection (2) may be
removed only pursuant to section 658(3.1).
(7) An environmental reserve easement is deemed to be a condition or covenant for the purposes of
section 48(4) and (6) of the Land Titles Act.
(8) Subject to subsection (7), this section applies despite section 48 of the Land Titles Act.
(9) A caveat registered under this section prior to April 30, 1998 is deemed to be an environmental
reserve easement registered under this section.
Municipal and school reserves
Section 666 of the Act describes when reserves can be taken and the form that they can be taken in.
666(1) Subject to section 663, a subdivision authority may require the owner of a parcel of land that is
the subject of a proposed subdivision
(a) to provide part of that parcel of land as municipal reserve, school reserve or municipal and
school reserve,
(b) to provide money in place of municipal reserve, school reserve or municipal and school
reserve, or
(c) to provide any combination of land or money referred to in clauses (a) and (b).
(2) The aggregate amount of land that may be required under subsection (1) may not exceed the
percentage set out in the municipal development plan, which may not exceed 10% of the parcel of land
less all land required to be provided as conservation reserve or environmental reserve or made subject to
an environmental reserve easement.
(3) The total amount of money that may be required to be provided under subsection (1) may not exceed
10% of the appraised market value, determined in accordance with section 667, of the parcel of land less
all land required to be provided as conservation reserve or environmental reserve or made subject to an
environmental reserve easement.
(3.1) For greater certainty, for the purposes of calculating the 10% under subsection (2) or (3), the
parcel of land includes any land required to be provided under section 662.
(4) When a combination of land and money is required to be provided, the sum of
(a) the percentage of land required under subsection (2), and
(b) the percentage of the appraised market value of the land required under subsection (3)
may not exceed 10% or a lesser percentage set out in the municipal development plan.