Trust Status Oct 26

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Presentation by Bruce Maitland, consultant, regarding a possible Township of Langley property endowment fund. Township Council, Monday, Oct. 26, 2009.

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Trust Status Oct 26

  1. 1. TRUST STATUS<br />Trust Users<br /><ul><li> City of Vancouver</li></ul>Under Review<br /><ul><li>City of Surrey
  2. 2. Township of Langley</li></ul>October 26, 2009 <br />
  3. 3. TRUST WORKS<br /><ul><li>Separate legal entity
  4. 4. Governing board
  5. 5. Appointed director/manager
  6. 6. Separate financial status
  7. 7. Operates under policy framework set by Council</li></li></ul><li>TRUST APPLICABILITY<br /><ul><li>Applies only to Township owned public lands</li></li></ul><li>APPROVALS NEEDED<br /><ul><li>Zoning/density – Council
  8. 8. Forum??? and character – Council
  9. 9. Disposition terms – Trust/Council
  10. 10. Developer selection – Trust/Council</li>

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