TLC’s Board of Directors believe in what TLC has accomplished and are committed to finding a way to make sure that the work of TLC, the only large membership based land trust in B.C., will go on. Here you’ll find the latest updates to keep you informed on what’s happening with TLC.
After exploring every option available under existing conditions to achieve our larger organizational goals, on October 7, 2013, TLC filed for CCAA protection to definitively resolve the organization’s long-standing financial problems. Under CCAA, TLC is working with land consultants to assess all properties and develop a plan consistent with TLC’s conservancy mandate and its objective to repay creditors to the greatest extent possible.
The CCAA process is conducted under the review of an independent, court appointed Monitor and under the supervision of a judge of the Supreme Court of British Columbia.
Creditor Claims Process
The court appointed Monitor, Wolrige Mahon Limited, has begun the court approved process to determine the nature and quantum of the claims against TLC to facilitate a future distribution of monies realized from TLC’s assests. As part of this process, each person with a claim against TLC must prove their claim to the Monitor.
For details on the claims process please visit the Monitor’s website wmltrustees.com.
Please note the necessary forms must be completed and returned to the Monitor by April 25, 2014, to participate in a distribution of funds from the assets of TLC.
Please direct any questions you may have regarding the submission of a claim to Gord McMorran at (604) 684-6212.
Judgments from the Court
On Thursday, March 27, 2014, Madam Justice Fitzpatrick issued an Order approving the sale of Eagle Bluff. View the Order.
On Friday, March 7, 2014, Madam Justice Gerow issued an Order approving the sale of Keating Farm Estate in Duncan. View the Order.
Wednesday, January 22, 2014, Madam Justice Fitzpatrick issued her reasons for decision on TLC’s application for Court approval of the proposed sale of Binning House.
The claim by UBC to an interest in Binning House has been rejected, and the Court has deferred a final decision on the sale of Binning House to allow TLC to seek an alternative solution.
The issues before the Court are complex, and it will be necessary for TLC’s legal counsel to analyze the reasons before TLC can provide a full statement in response to this judgment. However, we are heartened by the Court’s recognition, as noted in the decision by the Madam Justice, of the efforts by TLC and its many supporters and volunteers “…in furtherance of this worthy cause and in these difficult circumstances.”
Reports to the Court
For more details from the Monitor including court orders please visit Wolrige Mahon Limited’s website.
TLC returned to court on Monday, November 4, 2013, to report its progress and seek continuation of court protection. TLC is pursuing ways to monetize value from its property portfolio to repay its creditors and restructure its operation. View the Monitor’s 1st Report to the Court.
TLC returned to court on Monday, January 20, 2014, to report its progress and seek continuation of court protection in order to complete a plan to achieve sustainability. The Stay Period was extended to April 30, 2014. View the Monitor’s 4th Report to the Court.
View the Monitor’s 5th Report to the Court, February 27, 2014.
View the Monitor’s 6th Report to the Court, April 17, 2014.
Frequently Asked Questions
View answers from the Board of Directors to frequently asked questions regarding the CCAA Process. For more details view TLC’s Media Backgrounder. For more details from the Monitor including court orders please visit Wolrige Mahon Limited’s website.
Properties Listed for Sale
The below properties are currently listed for sale through the CCAA process. For more information regarding the listings please call the appropriate real estate agent.
Previous Posts from the Board of Directors
Summary of TLC’s Annual General Meeting. Read more from the Board in Alastair Craighead’s Chair Report.
View the October Update from the Board of Directors including Bylaw Amendments passed at the AGM.
Recent Media Coverage
“Sooke Potholes campsite won’t open in 2014.” Times Colonist. April 11, 2014.
Rusland, Peter. “Keating Farm sale approved for cash-strapped TLC.” Cowichan News Leader Pictorial. March 26, 2014.
John Shields’ interview with Frank Stanford on CFAX 1070, March 12, 2014.
Wilson, Carla. “Court approves TLC sale of Keating Farm.” Times Colonist. March 10, 2014.
Wilson, Carla. “The Land Conservancy asset sale stalls in court.” Times Colonist. March 5, 2014.
Wilson, Carla. “Land Conservancy to sell Abkhazi parking, farm.” Times Colonist. March 4, 2014.
Shanel, Danni. “UBC files appeal in ongoing dispute over B.C. Binning House.” Ubyssey. February 26, 2014.
Seyd, Jane, and Brent Richter. “UBC files appeal of Binning decision.” North Shore News. February 16, 2014.
Richter, Brent. “West Vancouver offers to take on Binning House.” North Shore News. February 9, 2014.
Wilson, Carla. “Land Conservancy maps new plan to sell historic site.” Times Colonist. February 7, 2014.
Shanel, Danni. “University disputes sale of B.C. Binning House.” Ubyssey. February 6, 2014.
Drews, Keven. “Heritage advocate wants Vancouver’s Binning House to remain open to public.” The Canadian Press. January 25, 2014.
Seyd, Jane. “Court puts a stop to sale of Binning House to developer.” Vancouver Sun. January 25, 2014.
Mulgrew, Ian. “Judge blocks sale of B.C. Binning House.” Vancouver Sun. January 24, 2014.
Wilson, Carla. “Judge offers option in Land Conservancy sale of Binning House.” Times Colonist. January 22, 2014.
Wilson, Carla. “The Land Conservancy granted breathing room.” Times Colonist. January 20, 2014.
Leigh, Tamara. “Sale of protected land threatens farm”. The Western Producer. January 9, 2014.
Fries, Joe. “Conservation sites near Penticton snagged in legal proceedings.” Penticton News. January 7, 2014.
John Shields’ interview with Al Ferraby on CFAX 1070, January 2, 2014.
“The Land Conservancy to accept deal to sell heritage Vancouver Island farm.” Vancouver Sun. January 2, 2014.
Penn, Briony. “Who will pay for heritage?” Focus. January 2014.
“TLC receives offer on historic farm.” Vancouver Sun. January 2, 2014.
Wilson, Carla. “Cowichan Valley farm sale worries food growers.” Times Colonist. January 1, 2014.
Wilson, Carla. “Land Conservancy receives offer on historic Keating Farm.” Times Colonist. December 30, 2013.
Cleverley, Bill, and Carla Wilson. “Victoria, Land Conservancy wage legal fight over Abkhazi Garden.” Times Colonist. December 20, 2013.
Seyd, Jane. “11th hour offer for Binning House.” North Shore News. December 15, 2013.
Mulgrew, Ian. “Binning House transfer to TLC a ‘sham,’ says UBC lawyer.” Vancouver Sun. December 12, 2013.
Shields, John. “The Land Conservancy of BC faces challenges to preserve properties.” Vancouver Sun. December 8, 2013.
“Editorial: Province must step in to clean up Land Conservancy mess.” Vancouver Sun. December 6, 2013.
Mulgrew, Ian. “Time for province to clean up mess.” Vancouver Sun. December 4, 2013.
Wilson, Carla. “Land Conservancy hits cash roadblock.” Times Colonist. December 4, 2013.
To view more media coverage visit our Media Room.