Land reserve better than an endowment trust

What we have is a Land Reserve. It is a separate and dedicated account controlled by the mayor and council.

Editor:  For sale, oceanfront property in Arizona.

If you believe Mayor Rick Green, then that is what he would like you to buy — ocean front property in Arizona.

Mayor Green says that council has blocked a property endowment trust. Again, not true. Council asked for a business plan for a property endowment trust and Mayor Green did not provide it.

So, what is a Property Endowment Trust? Simply, it means transferring all of the Township’s surplus lands to a third party, a trust, that is managed and governed by those chosen by Mayor Green.

What we have is a Land Reserve. It is a separate and dedicated account controlled by the mayor and council. That means that all funds received from surplus land sales and all purchases of investment land that is acquired flows through that dedicated account.

So what is the difference?

The trust would be controlled by the mayor and his cronies. The Land Reserve is controlled by mayor and council (those whom you elect to represent you).

Councillor Grant Ward

 

Just Posted

United voice calls for more senior services in Aldergrove

‘The people here deserve more’ says founder of the local Seniors Resource Fair

Aldergrove’s water park opens to public at discounted rates

Though the pool remains closed, the Township has decided to charge a toonie for admission

Fraser Valley pup trained in Aldergrove co-stars in A Dog’s Journey

Film premiers this weekend, starting Friday in Canadian theatres

Homeless woman unsuccessful in lawsuit against government

A Langley homeless woman tried to sue Victoria and Ottawa

Sea of purple showed support for Langley school’s ALS fundraiser

Students and staff were inspired to fundraise by the plight of a teacher living with ALS.

Jeep totalled, four young people in hospital, after single-vehicle crash in Surrey

Mounties have not ruled out any possible factors in what led to the overnight crash

Update: Mother dead, child in critical condition after carbon monoxide poisoning at Shuswap campground

The woman was found unresponsive insider her tent and the youth was taken via air ambulance to hospital

Kelowna RCMP interrogation video brings home reality in ‘visceral way’: former TRC chairman

Video of Mountie interrogating young Indigenous woman disclosing sexual abuse under fire

Canada’s parole officers say correctional system has reached breaking point

About half of Canada’s federal parole officers work inside penitentiaries and correctional institutions

Montreal researchers create audible hockey puck for visually impaired players

Three years ago, Gilles Ouellet came up with the idea for a puck that makes a continuous sound

Cloverdale Rodeo competition promises to be a ‘nail-biter’ this weekend

New challengers giving returning champions a run for their money

Former B.C. Greyhound bus drivers head to Penticton for goodbye party

Big bash runs until Sunday, funded by drink cans left behind on busses over the years

Boy, 12, arrested after allegedly pulling a knife on another child at a Surrey park

The child was later released into his parents’ custody as Surrey RCMP continue their investigation

Full-scale search underway for missing kayaker on Okanagan Lake

Kelowna Paddle Centre member Zygmunt Janiewicz, 71, failed to return from his ‘daily kayak’ on the lake

Most Read