Pacheedaht First Nation is the 14th First Nation to sign a new type of agreement that sees a percentage of forestry revenue returned directly to the community, announced Forests, Mines and Lands Minister Pat Bell today.
Bell visited the Pacheedaht community near Port Renfrew to celebrate the signing of the three-year Forestry Consultation and Revenue Sharing Agreement (FCRSA). The new agreement gives the First Nation a percentage of revenue from forestry activity in their traditional territory, which will be used to support social and community development programs. In the first year, Pacheedaht will receive approximately $104,000 under the agreement.
In addition to the FCRSA, Bell confirmed that he had approved the transfer request from Western Forest Products to Pacheedaht/Canadian Overseas of Tree Farm Licence 61 near Jordan River. Tree Farm Licence 61 covers 20,213 hectares and has an allowable annual cut of 108,500 cubic metres.
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