The Land Trust Society (LTS) was established in 2005 to purchase property from concerned area residents living in close proximity to industrial development who voluntarily wish to sell their property. The Voluntary Residential Property Purchase Program (VRPP) provides these residents an opportunity to have the Land Trust Society purchase their property that may not have otherwise been purchased by municipalities and industries.
The VRPP was structured to be funded by local and provincial governments and industry. The “economic return” on the capital investment of these groups included a sense of goodwill within the community as well as a simpler and shorter regulatory process.
Becoming a Member
Membership in the LTS consists of local municipalities as well as industrial stakeholders located in Alberta’s Industrial Heartland. Each member plays a key role in funding current and future rounds of the VRPP program as well as the day-to-day operations of the LTS.
To become a member, the following form must be completed and submitted to the LTS:
For additional information on becoming a member, please contact:
Alberta's Industrial Heartland Association
Membership categories in the LTS are mainly based on differences in the funding provided to the Society. Membership is classified into two distinct categories:
A capital contributor member contributes funding according to a formula approved by the LTS Membership. The formula is based on 0.05% of the replacement value of NEW or EXPANDING industrial facilities.
Example: A $1 billion dollar capital investment would create a $500,000 capital contribution to the LTS
NEW facility is described as:
- Natural gases and oil wells
EXPANDING facility is described as:
- Expansion of a facility will be subject to amendments required from regulatory authorities
A capital contributor member must sign a “Capital Contributor Membership Agreement” based on the stages of development in the Heartland Region.
The Land Trust Society will work with the Capital Contributor Member to facilitate suitable payment arrangements assigned to the above stages of development.
Benefits for Capital Contributor Members
A program supporter member pays an annual fee of $5,000 to the LTS to financially support its initiatives.
A program supporter member must sign a "Program Supporter Membership Agreement" with the LTS which outlines the member’s commitment to the Society.
Benefits for Program Supporter Members