Burns Lake Community Forest to distribute profits

The three stakeholders will share $1.5 million according to an existing profit distribution model.

The Burns Lake Community Forest (BLCF) has announced that it will distribute funds to its stakeholders: the Village of Burns Lake (VBL), the Burns Lake Band (BLB), and the Wet’suwet’en First Nation (WFN).

The three stakeholders will share $1.5 million according to an existing profit distribution model.

The Village of Burns Lake will receive 64 per cent, BLB will receive 18 per cent and WFN will receive 18 per cent.

There hasn’t been a regular public meeting of BLCF board of directors since April 25, 2013, but the board has been working on restructuring BLCF operations.

According to the VBL press release announcing the funding distribution, ‘The three governments will be meeting in the coming months to discuss restructuring in detail.’

After this meeting of governments, the BLCF should be in a position to have the direction it needs to be able to complete restructuring sometime in 2014.

Albert Gerow, BLB Chief, said,“These funds will be of benefit to all of our communities, and we are very happy to see them being distributed.”

Karen Ogen, WFN Chief, said, “Coming to a mutually beneficial agreement with the stakeholders of [BLCF} shows our potential for future collaborative efforts for the benefit of the community.

 

Just Posted

Six cattle killed on Hungry Hill

After a brief closure Friday the highway is now open to traffic.

Incumbents and acclaimed mayors win elections all across B.C.’s north

Fraser Lake saw their first female mayor elected

Mayoral results from across B.C.

Voters in 162 municipalities in B.C. set to elect mayor, council, school board and more

Every vote counts: 10 tightest races in B.C.’s municipal elections

Peachland saw their election decided by just one vote

Dolores Funk wins Burns Lake mayoral election

Dolores Funk was elected the new mayor of the village of Burns… Continue reading

B.C. sailor surprised by humpback whale playing under her boat

Jodi Klahm-Kozicki said the experience was ‘magical’ near Denman Island

B.C. government moves to tighten resource industry regulations

New superintendent will oversee engineers, biologists, foresters

Election watchdog seeks digitally savvy specialists to zero in on threats

Move follows troublesome evidence of online Russian interference in the 2016 U.S. election

More court before Dutch man charged in Amanda Todd case is extradited here

Appeals must be dealt with in Europe, before charges faced in B.C.

Crown says man guilty of B.C. girl’s 1978 murder based on alleged confession

Jury hears details of girl’s 1978 murder while Crown says man should be convicted of girl’s murder based on alleged confession.

BCHL alumni has NHL jersey retired by Anaheim Ducks

Paul Kariya played with the Penticton Vees from 1990-1992

Most Read