|About||Membership||Property for Sale||Property Purchase
The Land Trust Society was established in 2006 to purchase property from 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 or industry.
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 Land Trust Society 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 as well as the day-to-day operations of the Land Trust Society.
To become a member, the following form must be completed: Membership Information Form
For information on becoming a member, please contact:
Program Manager, Alberta's Industrial Heartland Land Trust Society
Membership categories are mainly based on differences in the funding provided to the Society. Membership is classified into two distinct categories:
Capital Contributor Member
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:
EXPANDING facility is described as:
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
Program Supporter Member
|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