Letters to the Editor

Land reserve better than an endowment trust

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


We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Langley Soccer club holding food, toy drive
PHOTO: Some Seriously Giant Gourds
Langley’s oldest citizen passes away at 106
Pumpkin patch helps school meal programs
Lockdown at research station in Agassiz following Ottawa shooting
Chamber of Commerce plans fully escorted trips to China
Where birdwatchers migrate
Countdown to Christmas... is your home sparkling and bright?
Plenty of Party for the Planet pix

Community Events, October 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 21 edition online now. Browse the archives.