Squamish Nation Council is excited about the future of Sen̓áḵw - to honour the past and prepare for the future. Council has completed research on how best to approach the Sen̓áḵw Project (“Sen̓áḵw”) to achieve economic results and provide benefits for our membership. Last Spring, Council invited membership to an information session to share a vision for the project and introduce Westbank as our potential partner.
In June of 2017, Council engaged in an extensive process to confirm the highest and best use for Sen̓áḵw. Council invited developers to participate in a Request for Proposal (RFP) process to consider a 50/50 partnership with the Nation to build rental and strata residences at Sen̓áḵw. Council received several proposals from developers and decided that it was prudent to retain Ernst & Young advisors to review the RFP submissions, interview the proponents, and provide recommendations to Council. Through the RFP and Ernst & Young’s recommendations
Council concluded that a partnership with Westbank will generate highest and best use leasing opportunities at Sen̓áḵw. Council is now wanting to engage with membership to consider the 50/50 partnership opportunity with Westbank. More specifically we will need to revisit the Sen̓áḵw 2011 designation (Lots 1 and 3), approve a new designation (Lot 2), and approve business terms between the Nation and Westbank to maximize profits for Squamish Nation membership. Council and membership must follow Indigenous Services Canada (ISC) referendum requirements to consider any leasing opportunities on our reserve lands and Sen̓áḵw is no different.
Included in this mailout package is referendum information including the proposed Sen̓áḵw Designation and Business terms. To allow members to make an informed decision about proceeding in partnership with Westbank, we will be hosting several information sessions and providing many opportunities to learn more in advance of the referendum on Tuesday, December 10, 2019. We encourage all members to connect with us between now and then so we as a community can come together and move forward in a meaningful way.