The two options the Regional District gave Kensington Island Properties aka 34083 Yukon Inc. Sept. 23, 2016.:

  1. Kensington Island Properties develop a water agreement memorandum of understanding that complies with the master development agreement; or,
  2. Kensington Island Properties negotiate revisions to the master development agreement.

So KIP was advised in Sept. of 2016 and the following is from March 1, 2017:

To date, KIP has not provided the CVRD with details of its intention towards either of those options.

According to chair Jacques report on the June 2016 MOU:

The previously mentioned MOU was not activated and became null and void.