Gabriola Housing Society Housing Agreement Bylaw No. 308 - Paisley Place

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GABRIOLA ISLAND LOCAL TRUST COMMITTEE
BYLAW NO. 308

A BYLAW TO AUTHORIZE A HOUSING AGREEMENT

WHEREAS the Gabriola Island Local Trust Committee is the Local Trust Committee having
jurisdiction on and in respect of the Gabriola Island Local Trust Area, pursuant to the Islands Trust
Act;

AND WHEREAS Section 483 of the Local Government Act and Section 29 of the Islands Trust Act
permit the Local Trust Committee to enter into a housing agreement;

AND WHEREAS the Gabriola Island Local Trust Committee wishes to enter into a Housing
Agreement;

NOW THEREFORE the Gabriola Island Local Trust Committee enacts in open meeting assembled
as follows:

1. This Bylaw may be cited for all purposes as “Gabriola Island Housing Agreement
Bylaw No. 308, 2020”.

2. The Chairperson and one other member of the Gabriola Island Local Trust
Committee are authorized to execute an agreement in the form attached to this
Bylaw with the Gabriola Housing Society (GHS).

READ A FIRST TIME this 7 day of APRIL ,2022
READ A SECOND TIME this 12™ day of MAY ,2022
READ A THIRD TIME this 12™ day of MAY ,2022

APPROVED BY THE EXECUTIVE COMMITTEE OF THE ISLANDS TRUST this
g™ day of JUNE ,2022

ADOPTED this 16™ day of JUNE ,2022

Sin Kaw

SECRETARY 7

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LAND TITLE ACT
TERMS OF INSTRUMENT — PART 2

Housing Agreement and Section 219 Covenant
(Section 438 Local Government Act and Section 219 Land Title Act)

THIS AGREEMENT DATED FOR REFERENCE THE [day] OF [month], 20__ is BETWEEN:
GABRIOLA HOUSING SOCIETY, a society incorporated under the laws of the province of British
Columbia under number [S-0060928] and having its office at P.O. Box 76, Gabriola Island, B.C.,
VOR 1X0
(the “Owner”);

AND:

GABRIOLA ISLAND LOCAL TRUST COMMITTEE, a corporation under the Islands Trust Act,
having an office at 2" Floor, 1627 Fort Street, Victoria, B.C., V8R 1H8

(the “Trust Committee”)
WHEREAS:

A. The Owner is the registered owner of the Lands situated at Lot 1 and Lot 2 Paisley Place on Gabriola
Island, British Columbia and legally described as:

PID 028-580-095
LOT 1, SECTION 19, GABRIOLA ISLAND, NANAIMO DISTRICT, PLAN EPP11544

and

PID 028-580-109
LOT 2, SECTION 19, GABRIOLA ISLAND, NANAIMO DISTRICT, PLAN EPP11544

(collectively, the “Lands”);

B. The Owner intends to construct on the Lands a residential development that will include Affordable
Housing Units (hereinafter defined) to rent, by way of a Tenancy Agreement, at an affordable rate to
Qualified Occupants (hereinafter defined);

C. The Trust Committee may, pursuant to Section 29 of the Islands Trust Act and Section 483 of the Local
Government Act, enter into an agreement with an owner of land that includes terms and conditions
regarding the occupancy, tenure and availability to specified classes of persons of dwelling units
located on those lands;

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D. Section 219 of the Land Title Act permits the registration of a covenant of a negative or positive
nature in favour of the Trust Committee in respect of the use of l

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