NEWS RELEASE THE LAND CONSERVANCY OF BC RECEIVES EXTENSION OF PROTECTION UNDER COMPANIES’ CREDITORS ARRANGEMENT ACT (CCAA) Process of restructuring gets underway; TLC requests Court appointment to present offer on Binning House FOR IMMEDIATE RELEASE: November 4, 2013 Victoria, BC – The Land Conservancy of BC has been given more time to develop a plan [...]
NEWS RELEASE THE LAND CONSERVANCY OF BC GRANTED PROTECTION UNDER COMPANIES’ CREDITORS ARRANGEMENT ACT (CCAA) CCAA creates best opportunity for a financial solution and positive outcome for properties and creditors FOR IMMEDIATE RELEASE: October 8, 2013 Victoria, BC -- For the past year, The Land Conservancy of British Columbia (TLC) has been exploring options to [...]
Thursday, May 2nd, from 6:00 to 7:30 p.m. at the Historic Joy Kogawa House located at 1450 West 64th Avenue, Vancouver The Board of Directors welcomes this opportunity to update TLC Members and the community at large about the current state of TLC affairs. Highlights since the November 3, 2012, Annual General Meeting in Victoria include: • AGM [...]
1. How are you dealing with the $1.2 million TLC owes in short term arrears? We have reduced operating costs to a third of past costs to ensure we aren’t adding to short term debt, and we are in discussions with employees, lenders and some suppliers to develop a plan to satisfactorily resolve their arrears. [...]
UPDATE FROM THE BOARD OF DIRECTORS October 10, 2012 Dear TLC Members and donors, Your Board of Directors is providing this update for members leading up to our Annual General Meeting being held November 3rd in Victoria because of the urgency of TLC’s situation. It is important we keep you apprised of our on-going efforts [...]
As an organization, TLC has dared mighty things and has succeeded where others may have failed. Over the past year, however, our financial circumstances have not allowed us to achieve all we might want to. Three months ago, we began a restructuring process that will allow us to create a solid foundation from which we [...]
CANADA REVENUE AGENCY LIFTS HOLD ON CONSERVATION ORGANIZATION’S BANK ACCOUNT VICTORIA– Two and a half months after beginning a restructuring process, The Land Conservancy of BC has come to an agreement with the Canada Revenue Agency (CRA) regarding the repayment of monies owing to the Agency. “CRA had frozen our accounts, making it impossible for [...]
On Tuesday, July 31, 2012, the Victoria Times Colonist published an article on TLC’s unpaid property taxes in the Capital Region. We would like to reassure our members, donors, volunteers, partners and supporters TLC has every intention of paying off our debts. Currently, our Board of Directors and staff are working on a Sustainability Plan [...]
Financial situation In recent weeks, announcements have been made regarding severe financial challenges that TLC is facing, and significant changes that are underway. There is not enough revenue coming in to sustain our current operations. Part of the problem has been the economic turmoil that has depressed funding opportunities– from foundations, corporations and individual donors [...]
During recent days, there have been announcements that TLC is facing some serious financial challenges, resulting from a severe downturn in funding. In response, TLC is going through a period of renewal and rejuvenation in order to adjust to these new realities and to be able to continue its work protecting special places in British [...]