Thlap'Qwum Community Settlement Trust - Update Feb. 2021

Feb. 23/21
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For over two years, the Snuneymuxw Chief and Council and the Thlap’Qwum Trustees have engaged in extensive dialogue and planning ways to identify the immediate needs of the community.  In 2019, the Trustees of the Thlap'Qwum Community Settlement Trust, in direct consultation with the Chief and Council and in accordance with the Trust Deed, approved the release of $1.9 million to purchase land. This land is known as the Gordon property and is located at 1265, 1266 and 1295 Gordon Road.  This land now forms part of the community's land base and will eventually become reserve lands.

 

Further and in direct consultation with the Chief and Council, in 2019, the Trustees of the Thlap'Qwum Community Settlement Trust contributed $3.1 million, in addition to the 2018 income of the Trust, to support the SFN in the areas of health promotion, education infrastructure, construction, maintenance and permanent improvements of roads, preservation of SFN culture, programs and services for elders, advancement of Snuneymuxw treaty and aboriginal rights and title, and economic development. This $3.1 million was a Capital Encroachment authorized within the Trust Deed. 

 

Through the COVID-19 pandemic, the Trustees of the Thlap'Qwum Community Settlement Trust maintained close contact with the Trust's investment consultant and managers to ensure a balanced asset mix and the continued healthy growth of the funds within their responsibility.  We, as Trustees, are very proud of our contributions to the Nation and will continue work with the Chief and Council and the membership to improve the lives of all members.

 

Lastly, the Thlap'Qwum Community Settlement Trust sets out an advance request process (s. 28) for Snuneymuxw First Nation members to obtain funding for eligible purposes (s. 31).  In this regard, the only remaining step is for the Trustees to cooperatively work with the First Nation to finalize the administrative details to implement the process.  Questions may be directed to the Administrative Trustee, Christopher Angeconeb at christopher.angeconeb@td.com or (604) 657-7437.  Contact information for the community trustees can also be found on the Snuneymuxw First Nation website under the Thlap'Qwum Trust tab.