FISCAL & ECONOMIC DEVELOPMENT Team

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Council selected First Nations Bank (FNB) Trust to act as trustee for the minors eligible to receive a per capita distribution from the Elkhorn Settlement. Administration is now working with First Nations Bank to set up the trusts. As part of the set-up process, FNB will hold information sessions and prepare a FAQ document to provide minors and their guardians information. Additional information on these information sessions, and the timing to set up the trusts will be circulated to minors and their guardians in the near future. Applications for withdrawals from the minors trusts, in ac-cordance with the Elkhorn Settlement Proceeds Policy, will be considered once the trusts have been established.