Long Plain First Nation Trust

Phone: (204) 252-2955
Fax: (204) 252-2957
Toll Free: 1-888-873-2891

Mandate Areas
For the acquisition of entitlement land and the acquisition costs associated therewith, in accordance with the terms of this agreement and the settlement agreement.

The Long Plain First Nation Trust has purchased 5,025 acres of land. The Trust will have a total of 8 houses in its possession and are rented out to Tribal Members and their Families.

As well, the Trust has endorsed a Purchase Agreement with Manitoba Hydro for a property in Winnipeg, located at 480 Madison Street for the amount of $1,090,000.00. The possession of the property will occur June of 2007. The land will be used for Commercial Space which will include a First Nations Governance Centre and Retail Space. Long Plain will be collecting Lease Revenue from all Operations on this Property and will be the first Urban Development Zone for First Nations in Manitoba. The total amounts for the acquisitions are $3,127,000.00, with an annual return of approximately $120,000.00, mainly from Agricultural Leases and Housing Rentals. This revenue is used on Property Expenses.

For the Purchase of Authorized Investments

The Trust has its Capital Amounts in 3 different institutions, Peace Hills Trust, Royal Bank and with Royal Trust, where the funds are invested by 2 Fund Managers. Also, an Investment Advisory Institution is utilized to ensure that the funds and Investment Policies are invested in the manner in which the Trustees have chosen and meets their Risk Threshold Criteria. The average return on all Capital Funds is 5.16% annually.

Other Mandate Areas

Reserve Creation with the Land
The basic steps in the Reserve Creation Process include; The Trust purchasing the property, satisfies Third Party Interests, has Municipal/Provincial Jurisdiction transferred to the Federal Government, the Federal Government deems the property Reserve by Ministerial Order and finally Jurisdictional Administration & Control is transferred to Long Plain. Within these steps, there are a number of sub-steps and criteria that Long Plain must satisfy and the primary delay is with Third Party Interest and Transfer of Jurisdiction. Long Plain must satisfy the Interests of Municipal Governments, which can include compatible development (i.e. Long Plain developing its property for a Truck Stop near a residential area), compatible by-laws, adjacent road & drainage, maintenance and development, Caveats, Permits and Easements.

Where the Trust Lands are divided by a Municipal Road or Provincial Road Allowances the Trust must purchases these and treat them as separate acquisitions, where again, jurisdictional issues arise. There is also the requirement of Long Plain acquiring all mines & minerals with the initial 4,169 acres of land in order for the reserve creation process to apply to the remaining land. Further, in order for Long Plain to utilize the newly formed reserve(s) for Commercial Development, Pre-Designation must occur, whereby the property is "non-absolute Surrender designation" (as opposed to an absolute surrender where the property can be sold). In this process, leases and sub-leases can be entered into for band or independent businesses to operate on this property, with the rental revenues being collected by the First Nation. Also, the First Nation can also apply for Economic Development Funding for Projects. In order for a Designation to occur, a Band Referendum must occur with a Majority Eligible Members agreeing. A second referendum can occur with a Minority of Eligible Members agreeing.

Long Term Planning

The Trust has went through 2 exercises that would identify what the Trust should look like until its expiration in 2019, whereby all of its property will be transferred to Long Plain First Nation. The Trustees wish to have at least 8,000 acres and with a minimum Capital Account balance of $10,000,000.00 at the time of expiration. Once the minimum threshold is met, the Trustees wish to use strictly interest for additional purchases. At this point, the Trust has acquired its minimum amount of land of 4,169 and can purchase up to 26,437 acres, which would be roughly twice the current size of the existing Long Plain Reserve.