MNCFN Community Trust
The Mississaugas of the New Credit First Nation Community Trust was established as a result of a successful land claim settled between the Mississaugas of the New Credit First Nation and the Government of Canada. The Land Claim was for a 200 Acre parcel of land along the banks of the Credit River in Mississauga, Ontario. The original Credit River people were relocated to their current lands just outside of Hagersville, Ontario in 1854. The settlement funds of $12.7 million were paid by Canada and the Trust Agreement between the MNCFN Chief and Council and an original seven Board of Trustees was brought into effect on April 10, 1997. The Trust Agreement had been ratified by the membership of the MNCFN in a community vote held January 4, 1997.
The Mississaugas of the New Credit First Nation is located near the town of Hagersville, Ontario, one half hour south of Hamilton and southeast of Brantford. New Credit was the name given the community when they were relocated from the banks of the Credit River in Mississauga, Ontario.
Mandate
The MNCFN Community Trust is responsible for managing and carrying out the duties and powers provided within the Trust Agreement. The Trustees owe a fiduciary responsibility to the Band Members of the MNCFN. Any service providers are expected to owe the same fiduciary duty to the Trustees.
The Community Trustees are primarily responsible for managing and administering the original $12.7 million that created the Community Trust. The Capital Funds (the original $12.7 million) are invested and annually adjusted for inflation and the Net Revenue (the Revenue from investing less inflation and expenses as calculated annually) is made available to the First Nation as represented by the Chief and Council for projects that are eligible as per section 11.5 of the Trust Agreement. The projects are applied for by the Band through a formal ‘Business Plan’ document and the Community Trustees review the benefit to the community via meeting deliberations and make their decisions accordingly.
Elected Trustees:
Chairperson - Julie A. LaForme
(April 2010-April 2013)
Vice-Chairperson - Andrea King-Dalton
(April 2009- April 2012)
Secretary-Treasurer -Evan Sault
(April 2011- April 2014)
Frances LaForme
(May 2011- April 2012)
George King
(April 2011- April 2014)
Band Appointed Trustees:
Legal Trustee-Kim A. Fullerton
(Jan 1, 2009 – Dec 31, 2011)
Financial Trustee-Elaine Lickers
(Jan 1, 2009- Dec 31, 2011)
Youth Trustee-Katelyn LaForme
(Jan 1, 2011- Dec 31, 2011)
History
The Mississaugas of the New Credit First Nation Community Trust was established as a result of a successful land claim settled between the Mississaugas of the New Credit First Nation and the Government of Canada. The Land Claim was for a 200 Acre parcel of land along the banks of the Credit River in Mississauga, Ontario. The original Credit River people were relocated to their current lands just outside of Hagersville, Ontario in 1854. The settlement funds of $12.7 million were paid by Canada and the Trust Agreement between the MNCFN Chief and Council and an original seven Board of Trustees was brought into effect on April 10, 1997. The Trust Agreement had been ratified by the membership of the MNCFN in a community vote held January 4, 1997.
The Mississaugas of the New Credit First Nation are located near the town of Hagersville, Ontario, one half hour south of Hamilton and southeast of Brantford. New Credit was the name given the community when they were relocated from the banks of the Credit River in Mississauga, Ontario.
