- Category: news
- Created: Monday, 07 October 2013 14:12
- Published: Monday, 07 October 2013 14:12
- Written by Administrator 3
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The Tzeachten Multipurpose Building was built with money self-generated by the First Nation
CHILLIWACK, BC, Oct 5, 2013/ Troy Media/ – The Tzeachten First Nation, located in Chilliwack, British Columbia, has finished construction of the first public facility financed by the First Nations Finance Authority. Approximately 100 residents, band members, business partners and community organizers attended the Grand Opening Celebration and ribbon cutting ceremony.
The financing for the Tzeachten Multipurpose Building was backed by the First Nation’s Own Source Revenues, monies that are self-generated by the First Nation – not from taxpayers. The facility boasts a state of the art commercial kitchen, boardroom, and offices inside and a new one km track, playground and outdoor exercise equipment outside, which complement the Tzeachten Sportsfield’s two baseball diamonds and 2 soccer fields.
“Tzeachten is extremely proud of its accomplishment in successfully completing this state-of- the art facility,” said James Atebe, General Manager for Tzeachten First Nation, “I would like to thank Tzeachten Council, staff, all stakeholders including the First Nations Finance Authority and contractors who contributed to the success of the project,” he added.
Under the same financing arrangement, construction continues on a new seven-plex social housing unit as well as some community infrastructure upgrades. While the construction on the Tzeachten Multipurpose Building is completed, sod is being turned on the other side of the reserve on Englewood Courtyard, (located in Chilliwack, British Columbia) a new five story premium retirement community (45+) condominium by well-known real-estate developers Andrew MacDonald and Mark Perry. The condo structure compliments Englewood Village, a master planned retirement community.
While all of this development is going on, Tzeachten First Nation is breaking ground in other areas of First Nations administration and land use planning. On June 26, 2013, the First Nation Tax Commission approved the Tzeachten First Nation Property Transfer Tax Law, 2013. The Law came into effect on June 27, 2013 and continues a trend of Tzeachten First Nation being at the forefront of progressive economic development, infrastructure and building healthy, sustainable communities. Until this law was passed, purchasers of homes or long-term leases in B.C had to pay a property transfer tax everywhere except on Reserve Lands.
According to Tzeachten Chief Glenda Campbell “Our Property Transfer Tax is a major milestone for Tzeachten and all First Nations. We realize that taxes are never popular. However, we look forward to working with our taxpayers, our members and our development partners to create a healthy, safe and sustainable community.”
This new revenue stream will open up even more doors for development on Tzeachten First Nation. Like many First Nations, Tzeachten has had a significant lack of infrastructure compared to neighbouring municipalities, but has been working hard to move forward. Through constant innovation, improvement and diligence, Tzeachten First Nation is quickly coming up from behind and is becoming one of the best managed First Nations in the country.
One of the aspects of Tzeachten First Nation that makes it unique is certification from the First Nations Financial Management Board, an independent body that certifies First Nations governments for their financial management processes. This certification is what gives investors’ confidence that Tzeachten’s administration is and will remain strong. Certification by the First Nations Financial Management Board is also what makes financing through the First Nations Finance Authority possible, as it is the primary requirement for First Nations to become Borrowing Members.
However, the membership of Tzeachten are not content to rest on their laurels. Although they have achieved a higher quality of life than many other First Nations, the tenacity of the community demands more improvements to come in the future.