Islands Trust Conservancy Regular Meeting Agenda

Extracted text (beginning)

Islands Trust Conservancy Board
Regular Meeting Agenda
 
Date:Tuesday, May 27, 2025
Time:10:00 am
Location:Electronic Meeting, and a physical location to view the livestream of the meeting:
Islands Trust Victoria Office
#200 - 1627 Fort Street
Victoria, BC V8R 1H8
Pages
1.  CALL TO ORDER
2.  TERRITORIAL ACKNOWLEDGEMENT
3.  APPROVAL OF AGENDA
3.1  Review of Agenda and Introduction of New Items
3.2  Approval of Agenda
4.  RISE AND REPORT DECISIONS FROM PREVIOUSLY CLOSED MEETING - None
5.  ADOPTION OF MINUTES
5.1  Draft ITC Board Meeting Minutes of March 18, 2025
5 - 12
6.  FOLLOW UP ACTION LIST
13 - 16
For information.
7.  BUSINESS
7.1  Items for Approval
7.1.1  ITC 2024-25 Audited Financial Statements - KPMG Presentation and
Request for Decision
17 - 67
THAT the Islands Trust Conservancy Board approve the Audited Financial
Statements for the 2024/25 fiscal year, and refer the statements to Islands
Trust Council for information. 
7.1.2  Islands Trust Conservancy Submission for 2024-2025 Annual Report -
Request for Decision
68 - 84
THAT the Islands Trust Conservancy (ITC) Board approve the attached text
for inclusion in the 2024/25 Annual Report for approval by Trust Council
and submission to the Minister of Housing and Municipal Affairs.

7.1.3  DVP/DP Referral - 212 Narrows West, Salt Spring Island - Request for
Decision
85 - 140
THAT the Islands Trust Conservancy Board direct staff to notify the Salt
Spring Island Local Trust Committee that Islands Trust Conservancy’s
interests are unaffected by Development Variance Permit Application
PLDVP20250029.
7.1.4  Galiano LTC Bylaw 291 Referral
141 - 152
THAT the Islands Trust Conservancy Board direct staff to notify the Galiano
Island Local Trust Committee that Islands Trust Conservancy’s interests are
unaffected by Bylaw 291.
7.1.5  S’ul-hween X’pey (Elder Cedar) Nature Reserve, Gabriola Island - Provincial
Groundwater Observation Well - Request for Decision
153 - 164
THAT the Islands Trust Conservancy Board approve the request from the
Ministry of Water, Lands and Resource Stewardship to upgrade Provincial
Groundwater Observation Well 197, in S’ul-hween X’pey (Elder Cedar)
Nature Reserve, with a new well box and the addition of equipment for
satellite telemetry.
THAT the Islands Trust Conservancy Board request staff to begin
negotiations for a Well Access Agreement with the Ministry of Water, Lands
and Resource Stewardship (WLRS) and the two covenant holders Gabriola
Land & Trails Trust and Nanaimo & Area Land Trust.
7.1.6  2026/27 ITC Budget Request Update – Trust Council Resolution – Request
for Decision
165 - 166
THAT the Islands Trust Conservancy (ITC) Board direct staff to prepare an
Islands Trust Conservancy 2026/27 budget request, including:
An increase to the property management budget to reflect new
nature reserves and covenants, archeological assessments, and
increasing costs; and rename this budget line item to Property
Management Operations budget;
•
Creation of a Property Management Plann

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