Memorandum of Agreement ITC - Islands Trust Council

Extracted text (beginning)

1 
MEMORANDUM OF AGREEMENT 
between the 
ISLANDS TRUST COUNCIL (COUNCIL) 
and the 
TRUST FUND BOARD (BOARD) 
 
 
WHEREAS pursuant to section 8.1 of the Islands Trust Act the Trust Council may, for the 
purpose of carrying out the objects of the Islands Trust enter into agreements respecting the 
coordination of activities within the Trust Area; 
 
AND WHEREAS the Trust Fund Board and Trust Council share a mutual interest in clarifying 
their relationship; 
 
NOW THEREFORE the Islands Trust Council, and the Trust Fund Board agree as follows: 
 
 
1.0 PURPOSE 
 
 
1.1 The purpose of this bylaw is to assist the Islands Trust Fund Board ("Board") in the 
discharge of its statutory responsibilities while ensuring that the Islands Trust Council 
("Council") is able to discharge their statutory responsibilities and duties.  This bylaw is 
also intended to promote coordination of activities within the Trust Area. 
 
 
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  Council  is  given  the  responsibility  under  the  Islands  Trust  Act  to  enter  into  
agreements with the Province and agencies of the Province respecting coordination of 
administrative activities within the Islands Trust Area and to coordinate and assist in 
the determination, implementation and carrying out of provincial and local government 
policies for the preservation and protection of the Islands Trust Area and its unique 
amenities and environment.  The Council is also given the responsibility of making 
recommendations  to  the  Board  respecting  priorities  for  the  acquisition,  use  and  
disposition of property by the Board. 
 
2.3 The Council has no authority to direct or otherwise affect the Board's discharge of its 
responsibilities. 
 
3.0 INTERNAL LIAISON 

 
 2 
 
3.1 In order to foster and maintain communications between the Board and the Council, the 
Council and the Board will meet at least once each calendar year to discuss matters of 
mutual concern in light of their respective roles and responsibilities.  The Council and 
the Board may also agree to meet more often. 
 
3.2 Communication  between  Trust  Council,  Council  Committees,  and  Board  will  be  
facilitated by the Council Chairperson through the Board Chairperson. 
 
 
4.0 POLICY/LEGISLATION 
 
4.1 Where the Executive Committee of the Council considers that a legislative proposal 
that is to be submitted to the Council may have an impact on the responsibility of the 
Board, the Executive Committee will refer that draft legislative proposal to the Board for 
comment.  The Executive Committee will consider Board comments on the legislative 
proposal  befo

First 3,000 characters. Open the original for the whole document.