At the November 13, 2019 Board meeting, the Board extended the Land Acquisition Fund again for ten years and maintained the rate of $20 per average residential household. The CRD’s provisional budget for 2020 includes an additional $925,000 to fund the refurbishment and replacement of existing regional park assets such as bridges, trestles, buildings and other infrastructure.
The CRD, with the support of our partners, has acquired approximately 4,800 hectares of land through the Land Acquisition Fund since it was established in 2000. This fund is dedicated to purchasing lands for regional parks and trails. In that time the regional park system has grown from 8400 hectares to 13,000 hectares.
How the Fund Operates
Monies for the fund are collected through municipal property taxes. It is currently set at a rate of $20 per average household assessed value. The fund will generate an estimated $3.6 million in 2019. The money is used only for the purchase land and associated costs, such as surveys, legal fees, environmental assessments and appraisals. The fund is not used to support managing, developing or maintaining facilities, such as trails, washrooms, signs, and parking lots.
A Land Acquisition Strategy provides the CRD Board with a road map for acquiring land to add to the regional parks and trails system. It is guided by the CRD Regional Parks Strategic Plan 2012-2021.
History of the Fund
In 2000, the CRD Board established the Land Acquisition Fund. The Land Acquisition Fund was initially set at a rate of $10 per average residential household and generated $1.6 million per year to purchase land for regional parks and trails. In 2010, the Board extended the Land Acquisition Fund for another ten years and increased the rate by $2/ year until 2014 when it reached the current rate of $20 per average residential household.
The CRD lands purchases are often made in partnership with other organizations. Our partners include The Land Conservancy of BC, Nature Conservancy of Canada, Government of Canada, Province of BC, land owners, individuals and business donors.
The image gallery below shows examples of land acquired through the fund over the years.