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City of Langford suing Bear Mountain developer for $1.88M

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In a civil claim filed in B.C. Supreme Court, the City of Langford said Vancouver-based Ecoasis did not pay a yearly agreed-upon amount by Dec. 31, 2023.

Langford is suing Bear Mountain Resort owner Ecoasis Developments LLP for $1.88 million after claiming the company breached an agreement to make scheduled payments for its share of the Bear Mountain Parkway expansion.

The claim states Ecoasis is liable for $1,881,852 as well as all of the city’s costs in enforcing the settlement agreement, including interest and legal expenses. The claim said that ultimately the two sides entered into a settlement agreement with an effective date of February 2023 when Ecoasis agreed to pay the city $1,886,353.

The claim said the city has not received any payment from Ecoasis since the $300,000 payment required by Jan. 31, 2022.

 

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