t s n u u t io i n a t good governance and urban...
TRANSCRIPT
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Dan Rochon, CPA, CA
Good Governanceand Urban Development
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Agenda
• Good Governance– Guiding Principles– Organization Structures– Limitation and Separation of Power– Cultural Match or Fit
• Urban Development– Development Agreement with Canderel– Taza Development
• Conclusion
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Tsuut’ina Nation
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GUIDING PRINCIPLES
• Transparency• Equity and fairness• Flexibility and choice• Internal and external accountability• Procedures for appeal and redress• Efficiency and effectiveness• Legitimacy and mandate• Participation• Leadership• Strategic Vision• Capacity
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• Support local objectives
• Not externally imposed
• Sound management of internal assets
• Broadly represent the community
– If just one class, people refuse to participate
ORGANIZATION STRUCTURES
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• Planning for future
• Solving problems
• Taking action
• Need “Rules of the game”
CAPABLE AND EFFECTIVE INSTITUTIONS
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SOUND CORPORATE GOVERNANCE
• Authority, roles and responsibilities clearly set out• Periodic review
• Decision making is responsible and fair
• Effective composition, size and experience
• Safeguard and facilitate the interests of all members
• Remuneration transparently defined
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SEPARATION OF POWER
• Prevent people from using or being perceived of using power for own personal gain
• Leaders– provide overarching policies and set strategic direction
– should not routinely get involved with daily implementation of those policies
• Independent management– protects community businesses and projects from interference
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SEPARATION OF POWER COMPONENTS
• Transparent financial reporting
• Written and well communicated codes of conduct
• Minuted board meetings
• Employment contracts
• Encourage performance and fair dealing
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CHIEF AND COUNCIL
• Provide political governance• Provide leadership and set tone from the top• Set strategic direction• Approve community plan• Approve economic development master plan• Approve policies • Preserve culture, traditions and values• Accountable to the community
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AUDIT (& FINANCE) COMMITTEE
• Appointed by Chief and Council
• Composition
– Independent of management
– Financially literate
• Reporting
– Committee reports to Chief and Council
– External and internal auditors report directly to this committee
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AUDIT (& FINANCE) COMMITTEE RESPONSIBILITIES
• Integrity of financial statements
• Compliance with applicable legal and regulatory requirements
• Independence, qualification and appointment of external auditor
• Performance of internal and external auditors
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AUDIT (& FINANCE) COMMITTEE RESPONSIBILITIES
• Approval of all non-audit work
• Accounting and financial reporting processes
• Approval of financial statements and related reports
• Audits of financial statements
• Approval of new projects and investments
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CULTURAL MATCH OR FIT
• Need to find a match– Cultural values
– Standards with world of business and administration
• Complex 2 way process of adjustment and innovation
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Stoney Trail
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Tsuut’ina Land
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Tsuut’ina Trail
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Ring Road Agreement
• Transfer 1,058 acres to Government of Alberta
• Receipt of certain payments and considerations
– Additional Lands
– Compensation
• Construction of a controlled access freeway
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Capital Trust Agreement
• Canada transfers $275 Million to Nation into Trust Account
– Use subject to approval in a referendum
• Annual payment to Nation
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Strategic Partnerships
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Industry Needs
• Evidence of good governance
• Separation of business from politics
• Expectation of financial success
• Being welcomed into the community
• Willing to build bridges– Allows two way traffic
– Avoids cultural misunderstandings and mistrust on both sides
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Joint Venture vs 3P
• Joint Venture
– Joint Ownership of facilities
– One party operates the facilities
– Joint management committee
• 3P Agreement
– Industry builds, owns and operates
– Long term agreement with community
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Partnerships
• A business relationship between two or more parties carrying on a business with a view to making a profit
– Each Partner shares in the profits made by the Partnership
– Each Partner is liable for the debts and obligations of the Partnership and the debts of the other partners
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Limited Partnerships
• Business relationships between general partners and limited partners
– General partners have unlimited liability
– Limited partners have limited liability
• Each partner shares in profits made by Limited Partnership
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Limited Partnership Purpose
• Formed to develop Nation lands
• Development done pursuant to Master Development Plan
• Put infrastructure in place to create serviced lots for third parties to then construct buildings
• No decisions made on development without Tsuut’ina input
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Taza Development
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Taza Park
LAND USES
• Entertainment, Recreation and Culture
• Retail and Shopping Centres
• Multi-Unit Rental Residential/ Mixed-Use
• Office, Business and Commercial
• Hotels
• Service Centres and Automotive
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Taza Park
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View at Glenemore Trail
VIEW AT GLENMORE TRAIL
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Taza Crossing
LAND USES
• Innovation, Technology and
Healthcare
• Office, Business and Commercial
• Multi-Unit Rental Residential/ Mixed-
Use/Seniors Care
• Recreation and Culture
• Retail, Service and Neighbourhood
Shopping Centres
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Taza Crossing
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View from 90 Avenue SW
VIEW AT 90TH AVENUE SW
AND SOUTHLAND DRIVE
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Taza Exchange
LAND USES
• Retail, Service, and Regional Shopping
Centre
• Entertainment, Recreation and Culture
• Hotel and Convention
• Offices, Business and Commercial
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Taza Exchange
Regional Retail Centre
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View At Anderson Road
VIEW AT ANDERSON ROAD
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Key Milestone Dates• Land Use Plan – Adopted by Council
December 2017
• Head Lease Vote – Approved June 2018
• Property Tax – July 2018
• Infrastructure – Phase 1 – Q4 2018
• Vertical Construction – Phase 1 - Q2 2019
• Tenants Open – Phase 1 – Q3 2020
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Challenges
• Current efforts to align Development requirement with Nation capacities
– Civic Services
– Police and Fire ramp-up
– Laws and regulations development and enactment
– Level of Services
• Maximize benefit for Nation while respecting culture and values
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Conclusion
• Good Governance
– Set of guiding principles apply across cultural boundaries
– Separation of Duties needed for sustained economic development
• Strategic partnership with Canderel
• Tsuut’ina has control over development
• Tsuut’ina shares in cash distributions when land developed
• Taza will be amazing when complete
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Further Information
Website
WWW.EXPERIENCETAZA.COM
Tagline
TOGETHER AT TSUUT’INA
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Questions
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Dan Rochon, CPA, CA [email protected](403) 238-6307
Siyisgaas