NAPTEP Checklist
Original Trust document
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8,435 characters of machine-extracted text. Extraction is automatic and can be wrong; the original governs.
Topics: First Nations & reconciliation · Governance & budget · Climate & environment — our classification, not the Trust's.
Extracted text (beginning)
10/21/2024 1 of 4 Islands Trust Conservancy – General Process for Negotiating and Registering Covenant (and EcoGift) NAPTEP Natural Area Protection Tax Exemption Program Checklist * Beginning from when NAPTEP Application and Phase 1 fee submitted by landholder NAPTEP PHASE 1 Task Responsibility Details Timeframe Application received and reviewed ITC ITC staff review the application, confirm eligibility, and contact the landowner to arrange for a site visit Approx. 2 weeks Site visit ITC / landholder Walk the property together and discuss conservation goals, process, property vision, etc 2 – 3 weeks (variable depending on schedules) Application prepared for ITC Board review ITC ITC staff prepares a detailed staff report and recommendation for the next Board meeting; Board meetings are in January, March, May, July, October, and November. Timeframe depends on alignment with deadlines for Board meeting information 1 – 2 months ITC Board approval of Conservation Proposal ITC ITC Board decides whether or not to take on the conservation covenant Confirm covenant co- holder ITC / landholder Discussions and agreement with any proposed local conservancy as co-holder of covenant Concurrent with preparing staff report First Nations referrals ITC First Nations referrals providing 90 day response time 3 - 4 months Ministerial approval ITC * New, interim requirement for all conservation proposals to be approved by the Minister of Municipal Affairs 2 - 4 weeks Notice to Local Trust Committee ITC An information-only item is sent to relevant Local Trust Committee. ITC staff may also discuss the application with Islands Trust Planning Team Referrals to other agencies ITC Other referrals necessary only in cases where there is an agency with vested interest, e.g., adjacent to a Park, a public trail right-of-way, etc. 1 – 3 months, often concurrent with other steps Address any concerns from referrals ITC / TBD Any concerns are likely related to phrasing in the covenant and ensuring that there is no potential conflict between the terms of the covenant and the agency’s rights and responsibilities Note: ALL responses to referrals to be received prior to proceeding to Trust Council review. 10/21/2024 2 of 4 Trust Council approval of entry into NAPTEP ITC ITC staff prepares a report for Island Trust Council. Trust Council is responsible for deciding whether or not to issue a tax exemption certificate for NAPTEP covenants. Timeframe depends on alignment with deadlines for Trust Council meetings (held quarterly). 3 - 6 months after ITC Board approval Total time for Phase 1 (from Application submitted to review by Trust Council): variable but average 6 - 7 months NAPTEP PHASE 2 Task Responsibility Details Timeframe Phase II fee payment Landholder Phase II fee payment required before proceeding Priority Agreement from Mortgage Holder Landholder (ITC can p
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