Memorandum of Agreement ITC - Executive Comm.

Extracted text (beginning)

1 
MEMORANDUM OF AGREEMENT 
between the 
EXECUTIVE COMMITTEE LOCAL TRUST COMMITTEE 
and the 
TRUST FUND BOARD (BOARD) 
concerning the 
COORDINATION OF ACTIVITIES AMONG 
THE TRUST FUND BOARD  
AND THE EXECUTIVE COMMITTEE  LOCAL TRUST COMMITTEE 
 
 
 
WHEREAS pursuant to section 22(2) of the Islands Trust Act each Local Trust Committee 
may enter into agreements with municipalities, regional districts and boards of school trustees, 
respecting the coordination of activities in the local trust area; 
 
NOW THEREFORE the Executive Committee Local Trust Committee, and the Trust Fund 
Board agree as follows: 
 
 
1.0 PURPOSE 
 
1.1 The purpose of this memorandum is to assist the Islands Trust Fund Board ("Board") in the 
discharge of its statutory responsibilities while ensuring that the Executive Committee Local 
Trust Committee is able to discharge its statutory responsibilities and duties.  This protocol 
is also intended to promote procedural certainty and fairness for land owners and land use 
applicants involved in the land use regulation process on any island within the Islands Trust 
Area. 
 
1.2 This memorandum seeks to promote cooperation and communication between the Board 
and the Executive Committee Local Trust Committee in order to achieve the purposes set 
out in section 1.1. 
 
 
2.0 ROLES AND RESPONSIBILITIES 
 
2.1 Under the Islands Trust Act the Board is a corporation with the responsibility to carry out 
the object of the Islands Trust by administering and managing property of the Islands Trust 
Fund.  The Board is required by the Islands Trust Act to create and implement a plan for 
the acquisition, management and disposal of land. 
 
2.2 The Executive Committee Local Trust Committee is given the responsibility under the 
Islands Trust Act to carry out the object of the Islands Trust by regulating the development 
and use of land within the Executive Committee Local Trust area and by enforcing bylaws of 
the Executive Committee Local Trust Committee. 
 
 

 
 2 
3.0 CONSULTATION PROCESS 
 
Local Trust Committee Bylaws 
 
3.1 Where the Executive Committee Local Trust Committee considers a draft bylaw may have 
an impact on the responsibilities of the Board, the Executive Committee Local Trust 
Committee will refer the draft bylaw to the Board for comment by the Board before any 
public hearing is held regarding the bylaw.  The Executive Committee Local Trust 
Committee will consider Board comments on the bylaw received by the Executive Committee 
Local Trust Committee before the public hearing. 
 
Trust Fund Plan 
 
3.2 The Board will refer to the Executive Committee Local Trust Committee any revisions to or 
replacement of the Trust Fund Plan for comment before the plan is submitted for approval 
in accordance with the Islands Trust Act. 
 
Donations Intended for Board 
 
3.3 If a land owner who has made an application to the Executive Committee Local Trust 
Committee proposes to donate an interest in land or money to the Board in 

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