Salt Spring Island Housing Agreement Bylaw No. 517 - (154 Kings Lane - Meadowlane)

Extracted text (beginning)

SALT SPRING ISLAND LOCAL TRUST COMMITTEE 
BYLAW NO. 517 
____________________________________________________________________________________ 
A BYLAW TO AUTHORIZE A HOUSING AGREEMENT 
____________________________________________________________________________________ 
WHEREAS  the Salt  Spring Island Local Trust  Committee is  the  Local Trust  Committee having 
jurisdiction  on and in respect of the Salt Spring 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 Salt Spring Island Local Trust Committee wishes to enter into a Housing 
Agreement; 
 
NOW THEREFORE 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. 517, 2019”. 
 
2. Any one Trustee of the Salt Spring Island Local Trust Committee are authorized 
to execute an agreement in the form attached to this Bylaw with the Gulf Islands 
Seniors Residence Association (GISRA). 
 
READ A FIRST TIME this  26TH day of NOVEMBER, 2019 
READ A SECOND TIME this  26TH day of NOVEMBER, 2019 
READ A THIRD TIME this  26TH day of NOVEMBER, 2019 
APPROVED BY THE EXECUTIVE COMMITTEE OF THE ISLANDS TRUST this 
 18TH day of DECEMBER, 2019 
ADOPTED this 18TH day of  FEBRUARY, 2020 
  
 
 
SECRETARY  CHAIRPERSON 
 

LAND TITLE ACT 
TERMS OF INSTRUMENT – PART 2 
 
 
 
Housing Agreement and Section 219 Covenant 
 
THIS AGREEMENT DATED FOR REFERENCE THE  DAY OF  , 20___, IS BETWEEN: 
 
GULF ISLANDS SENIORS’ RESIDENCE ASSOCIATION (GISRA) [landowner], a society incorporated under the 
laws of the Province of British Columbia under GISRA Incorporation No.: S0038999, GISRA Business No.: 
86806 0534 BC0001 and GISRA Registered No.: 86806 0534 RR0001 and having its office address at 121 
Atkins Road, Salt Spring Island, BC, V8K 2X7. 
 
 
(the “Owner”); 
 
AND 
 
SALT SPRING ISLAND LOCAL TRUST COMMITTEE, a corporation under the Islands Trust Act, 
having an office at 2
nd
 floor, 1627 Fort Street, Victoria, BC, V8R 1H8 
 
(the “Local Trust Committee”) 
WHEREAS; 
A. The Owner is the registered owner of the lands situated at 154 Kings Lane on Salt Spring 
Island, British Columbia, and legally described as Parcel Identifier: 003-106-756, Lot 2, 
Section 4, Range 3 East, North Salt Spring Island, Cowichan District, Plan 23507 (the 
“Lands”); 
  
B. The Lands have been rezoned by the Salt Spring Local Trust Committee by means of Salt 
Spring Island Land Use Bylaw 1999, Amendment No. 3, 2018, to permit the development 
of an affordable seniors’ supportive housing development; 
  
C. The Owner intends to rent the units on the Lands, by way of rental agreement, at an 
affordable rate to Qualified Renters (as defined in Section 1.1); 
  
D. The Local Trust Committee may pursuant to Section 29 of th

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