Salt Spring Island Housing Agreement Bylaw No. 506 - (176 Bishops Walk Road - Salt Spring Commons)

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[[page 1]]
SALT SPRING ISLAND LOCAL TRUST COMMITTEE
BYLAW NO. 506

A BYLAW TO AUTHORIZE A HOUSING AGREEMENT

The Salt Spring Island Local Trust Committee being the Local Trust Committee having jurisdiction in
respect of the Salt Spring Island Local Trust Area under the /s/ands Trust Act, enacts as follows:

1. Citation

This Bylaw may be cited for all purposes as “Salt Spring Island Housing Agreement Bylaw No.
506, 2017”.

2. Authorization

The Chair of the Salt Spring Island Local Trust Committee is authorized to execute the Housing
Agreement in the form attached to this bylaw as Schedule A with the Salt Spring and Southern
Gulf Islands Community Services Society.

3. Bylaw Repeal

The “Salt Spring Island Local Trust Committee Affordable Housing Agreement Bylaw No. 339,
1995” is repealed.

4. Severability

If any provision of this Bylaw is for any reason held to be invalid by a decision of any Court of
competent jurisdiction, the invalid provision must be severed from the Bylaw and the decision
that such provision is invalid must not affect the validity of the remaining provisions of the

Bylaw.
READ A FIRST TIME this 5th day of OCTOBER , 2017
PUBLIC HEARING HELD this 30th = day of NOVEMBER _ ,2017
READ A SECOND TIME this 30th = day of NOVEMBER _ ,2017
READ A THIRD TIME this 30th = day of NOVEMBER __ ,2017

APPROVED BY THE EXECUTIVE COMMITTEE OF THE ISLANDS TRUST this
5th day of DECEMBER , 2017

ADOPTED this 21st day of DECEMBER , 2017

D. Muphy- GLITZ:

SECRETARY  —S_— (/ CHAIRPERSON

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Schedule No. 1
PART 2 - TERMS OF INSTRUMENT

SECTION 219 LAND USE COVENANT, HOUSING AGREEMENT
OPTION AND RIGHT OF FIRST REFUSAL

This Agreement dated for reference November 21, 2017

BETWEEN:

SALT SPRING ISLAND LOCAL TRUST COMMITTEE, a Local Trust Committee under the /slands
Trust Act, R.S.B.C. 1996, c. 239, 200 1627 Fort Street, Victoria, B.C., V8R 1H8

AND:

("Local Trust Committee")

SALT SPRING AND SOUTHERN GULF ISLANDS COMMUNITY SERVICES SOCIETY, a society
incorporated under the Society Act under number $11466, with an office at 268 Fulford -
Ganges Road, Salt Spring Island, B.C., V8K 2N8&

("Society")

GIVEN THAT:

A.

The Society is the registered owner of the Land located at Lot 3 Bishops Walk Road on Salt
Spring Island, British Columbia, legally described as:

PID: 028-104-269
LOT 3, DISTRICT LOT 24, NORTH SALT SPRING ISLAND,
COWICHAN DISTRICT, PLAN VIP87215;
(the "Land");

The Society wishes to grant to the Local Trust Committee a covenant under s. 219 of the
Land Title Act and to enter into this Agreement as a housing agreement under s. 483 of
the Local Government Act;

The entire Land will be sub-divided resulting in 24 strata lots, and the remainder of the
Land becoming Common Property of the Strata Corporation. Each of the 24 strata lots
being created will become either an Affordable Ownership Unit (as later defined), or an
Affordable Rental Housing Unit, (as later defined);

The Local Trust Committee has, by bylaw, authorized the executi

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