Salt Spring Island Housing Agreement Bylaw No. 513 - (132 Corbett Road - Croftonbrook)

Extracted text (beginning)

SALTSPRING
ISLAND
LOCAL
TRUST
COMMITTEE
BYLAW
NO
.
513
ABYLAW
TO
AUTHORIZE
A
HOUSING
AGREEMENT
WHEREAS
the
Salt
Spring
IslandLocal
Trust
Committee
is
the
Local
Trust
Committee
having
jurisdiction
on
and
in
respect
of
the
Salt
Spring
IslandLocal
Trust
Area
,
pursuant
to
the
Islands
TrustAct
;
AND
WHEREAS
Section
483
of
theLocal
Government
Act
and
Section
29
of
the
Islands
Trust
Act
permit
theLocal
Trust
Committee
toenter
into
a
housing
agreement
;
AND
WHEREAS
the
Salt
Spring
IslandLocal
Trust
Committee
wishes
toenter
into
a
Housing
Agreement
;
NOWTHEREFORE
the
Salt
Spring
Island
Local
Trust
Committee
enacts
in
open
meeting
assembled
as
follows
:
1
.
This
Bylaw
may
be
cited
for
all
purposes
as
"
Salt
Spring
Island
Housing
Agreement
Bylaw
No
.
513
,
2018
"
.
2
.
Any
one
Trustee
of
the
Salt
Spring
Island
Local
Trust
Committee
are
authorized
toexecute
an
agreement
in
the
form
attached
to
this
Bylaw
with
Island
Women
Against
Violence
(
IWAV
)
READ
A
FIRST
TIME
this
day
of
27
TH
SEPTEMBER
,
2018
day
of
READA
SECOND
TIME
this
27
TH
SEPTEMBER
,
2018
READ
A
THIRDTIME
this
day
of
27
TH
SEPTEMBER
,
2018
APPROVED
BYTHE
EXECUTIVE
COMMITTEEOF
THE
ISLANDSTRUST
this
day
of
10
TH
OCTOBER
,
2018
ADOPTED
this
day
of
27
TH
AUGUST
,
2019
SECRETARY
CHAIRPERSON

LANDTITLE
ACT
TERMS
OF
INSTRUMENT
-
PART
2
Housing
Agreement
and
Section
219
Covenant
THISAGREEMENT
DATED
FOR
REFERENCE
THE
[
day
]
OF
[
month
]
,
[
year
]
is
BETWEEN
:
Island
Women
Against
Violence
(
IWAV
)
A
a
society
incorporated
underthelaws
of
the
province
of
British
Columbia
undernumber
[
S
-
29883
]
and
having
its
office
at
[
address
]
(
the
"
Owner
"
)
;
AND
:
SALTSPRINGISLAND
LOCAL
TRUST
COMMITTEE
,
a
corporation
under
the
Islands
Trust
Act
,
having
an
office
at
2
nd
Floor
,
1627
Fort
Street
,
Victoria
,
B
.
C
.
,
V
8
R
1
H
8
(
the
"
Trust
Committee
"
)
WHEREAS
:
A
.
The
Owner
is
the
registered
owner
of
theLandssituated
at
132
Corbett
Road
on
Salt
Spring
Island
,
British
Columbia
and
legally
described
as
:
PID
000
-
698
-
865
,
Lot
A
,
Section
3
East
,
N
.
SSI
,
Cowichan
District
,
Plan
41612
,
commonly
known
as
Croftonbrook
,
(
the
"
Lands
"
)
;
B
.
TheLandshavebeenrezoned
by
the
Salt
Spring
Local
Trust
Committee
by
means
ofSalt
Spring
IslandLand
Use
Bylaw
2018
Amendment
No
.
[
#
]
to
permit
the
development
of
an
affordable
development
;
C
.
The
Owner
hasobtained
funding
from
the
Canada
Mortgage
and
Housing
Corporation
(
CMHC
)
,
the
B
.
C
.
Housing
Management
Commission
(
BCHMC
)
,
andthe
Capital
Regional
District
(
CRD
)
underthe
Regional
Housing
First
Program
(
RHFP
)
,
andthe
CRD
underthe
Regional
Housing
Trust
Fund
(
RHTF
)
to
assist
in
the
development
of
the
Affordable
Housing
Units
,
and
it
is
a
condition
of
funding
thatthe
use
and
occupancy
of
the
units
berestricted
in
the
manner
required
for
a
term
of
40
years
by
the
terms
of
RHFP
operating
agreements
betweenthe
Owner
and
BCHMC
and
the
terms
of
a
s
.
219
covenant
(
the
"
PRHCCovenant
"
)
and
Option
to
Purchase
(
the
"
PRHC
Option
to
Purchase
"

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