Local Governments Fill the Treaty Gap

On November 1, 2011 Kitselas First Nation and Terrace signed a Joint Venture Agreement and a Revenue Sharing Agreement. The Joint Venture Agreement enables the two parties to develop and market an Industrial Park and other commercial lands, together. The Revenue Sharing Agreement divides the benefits from the development and marketing of the joint venture lands.

Objectives of the Agreements are to:

• optimize return on investment;
• foster the development of the regional economy;
• attract new business investment to the Terrace area;
• generate tax revenues; and
• address the Parties needs for industrial lands.

BC Municipalities and First Nations are reaching their own agreements. They are filling the Treaty Gap.