Policy 3.2.4 Conservation Covenants

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ISLANDS TRUST CONSERVANCY POLICY MANUAL 
 
 
CONSERVATION COVENANTS 
Purpose 
To describe general   practices   associated   with negotiating,   holding   and   monitoring Islands   Trust 
Conservancy conservation covenants. 
 
Scope 
Policy  2.5 Natural  Area  Protection  Tax  Exemption  Program provides  additional  policies  for 
covenants within that program. 
 
Background 
The Islands Trust Act establishes the Islands Trust Conservancy to acquire, hold and manage land, 
and receive donations for the purpose of carrying out the object of the Islands Trust. 
 
As a means of carrying out the object of Islands Trust, the Islands Trust Conservancy Board may 
receive  donations  of  conservation  covenants.    Covenants  provide the  covenant holder with  an 
interest  in  a  parcel  of  private  land.    The  covenant  is  a  contractual  agreement  between  the 
landowner  and  the  covenant holder(s)  that  indicates  what  the  parties  will  do  to  protect  or 
conserve the covenanted land. 
 
The Islands Trust Conservancy has an annual program for monitoring lands over which it holds 
conservation  covenants  to  ensure  that  landowners  are in  compliance  with the terms  of  the 
covenant.  Annual monitoring keeps landowners and covenant holders in regular communication 
and ensures that both parties are satisfying the requirements of the covenant. 
A:  Policy - General 
1. The Board accepts covenant donations to preserve and protect significant features and values 
within the Islands Trust Area.  The Board does not purchase conservation covenants.  
2. The  Board  will  only  consider registration  of a covenant after  it  has  been  referred  to  First 
Nations who have treaty or established rights, or identified geographic areas for consultation 
Policy 3.2.4 Conservation Covenants 
Approved By: ITC Board 
Approval Date: January 23, 2014 
Amendment Date(s): March 19, 2024 
Policy Holder: Islands Trust Conservancy Manager 

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ISLANDS TRUST CONSERVANCY POLICY MANUAL 
 
 
purposes,   relevant   to   the   conservation   proposal   area,   as   determined   using   the   BC 
Consultative Areas Database. First Nations will be provided with a 90 day referral period. 
3. The  Board  will  consider  responses  from  First  Nations during  negotiation of  a  conservation 
covenant agreement.  
4. The Board may request or require, as part of a covenant donation, a monetary donation to 
the  Covenant  Management  and Defense Fund or  towards  the  creation  of  a  specific 
endowment, in order to assist with ongoing and future costs of maintaining, monitoring and 
legally defending the covenant. 
5. The  Board  will  endeavor  to  co-hold  covenants  with  another  conservation  organization 
wherever  possible.  The  Board  may  require  an  agreement  between  covenant  holders 
outlining roles and responsibilities, including cost sharing, prior to commencing negotiation 
of a covenant. 
6. The general intent of conservation covenan

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