Project File Initiated
Stakeholders: TLE Coordinator
Summary: All inquiries received by stakeholders are forwarded to the TLE Coordinator who creates the project file. The file will include all general information about the site. The TLE Coordinator will provide a description of Land and Minerals and current mineral titles for the subject property.
On-Site Inspection
Stakeholders: TLE Coordinator
Summary: TLE Coordinator visits the project site, documents the general condition of the land, and takes photographs.
Internal Review of Potential Acquisitions
Stakeholders: TLE Coordinator, Band Council, TLE Board
Summary: The TLE Coordinator will review one or more project files with the Band Council and TLE Board for analysis and recommendations. In order to move forward to formal negotiations with prospective vendors, the TLE Coordinator requires:
- A motion from the TLE Board recommending the formal commencement of negotiations.
- A motion from the Band Council indicating the same.
The group will also decide on the need to consult with legal counsel on land acquisitions.
Land Appraisal
Stakeholders: TLE Coordinator, Band Council, TLE Board
Summary: There may be an option to require a land appraisal, which is to be carried out with an accredited land appraiser with the results being shared with the Band Council and the TLE Board.
Negotiations
Stakeholders: TLE Coordinator
Summary: Negotiations and discussions are undertaken with the prospective vendor and the TLE Coordinator is responsible for recording all information and maintaining it in the project file.
Purchase and Sale Agreement Approval
Stakeholders: TLE Coordinator, TLE Board, Band Council
Summary: There is a multi-step sequence for the development and approval of the Purchase and Sale Agreement which includes:
- TLE Coordinator drafts the Purchase and Sale Agreement including all terms of the acquisition.
- TLE Coordinator presents the draft Purchase and Sale Agreement to the TLE Board for review. If the TLE Board is prepared to recommend approval, it does so through a motion.
- Following a recommendation from the TLE Board, the TLE Coordinator will bring the draft Purchase and Sale Agreement to the next available Band Council meeting. The TLE Coordinator will also be responsible for preparing any initiating, purchase, or other Band Council Resolutions (BCRs) required for consideration and approval of the acquisition.
- If approved by the Band Council, the Band Council executes the initiating and purchase BCRs which will immediately be forwarded to AANDC for processing. The BCRs will also be forwarded to the Trustee and the Purchase and Sale Agreement shall be forwarded to the prospective vendor for execution. All documents will be maintained in the project file and copies will be sent to George Gordon legal counsel.
- The TLE Coordinator will work with George Gordon legal counsel to finalize and process all transactions.
Transfer of Funds
Stakeholders: TLE Coordinator
Summary: Prior to closing the transaction, the TLE Coordinator will arrange for placement into the trust account of George Gordon’s legal counsel funds sufficient to complete the transaction including all closing costs. There are two separate processes depending on where the money is coming from:
- If proceeds are coming from the TLE Revenue Account, the TLE Coordinator shall arrange for a cheque drawn on the TLE Revenue Account deposited with George Gordon legal counsel.
- If proceeds are to come from Principal Trust Account, the TLE Coordinator will arrange for execution of a Band Council BCR authorizing proceeds can be transferred to George Gordon legal counsel.
Transaction Close
Stakeholders: Legal Counsel
Summary: Upon closing of the transaction, title to the acquired land will be transferred into the name of the holding company and managed by the holding corporation and managed by the holding corporation pending its placement into reserve status.
TLE Holdings
Stakeholders: TLE Holdings Manager, Band Council
Summary: George Gordon TLE Holdings Inc. is the holding corporation acting as a trustee on behalf of George Gordon First Nation to receive, hold, manage, and transfer title to lands acquired by GGFN. The holding corporation is responsible for acquiring and accepting title to Entitlement Land purchased by GGFN, entering into agreements regarding Entitlement Land, repair, maintenance, and management of Entitlement Land. Furthermore, the holdings corporation is responsible for the fiscal management, including revenues and expenses, related to Entitlement Lands. The Band Council is Board of Directors.
Reserve Creation Process/Reserve Status
Stakeholders: TLE Coordinator, TLE Holdings Manager, Band Council, Legal Counsel, Federal & Provincial
Summary: “After the land is purchased and held by the First Nation and all occupant and third-party interests have been met, the land selection is eligible for transfer to reserve status. The land selection then goes to the Additions to Reserve Committee at Canada for conditional approval. After approval, the land selection is again forwarded to the provincial government for the remaining provincial actions which may include the preparation of Orders-in-Council to transfer Crown minerals to reserve status, Orders-in-Council to transfer wholly enclosed waterbodies to reserve status and Replacement Public Utility Agreements.” 98192-TLE-Creation-process