Walton Development and Management and Six Nations elected band council have struck an agreement in relation to the company’s development proposals in the County of Brant.
The capacity funding agreement will allow the real estate and land development company to provide any necessary financial resources to Six Nations so council can properly evaluate the company’s business transactions and ensure Six Nations’ rights and interests are protected, according to a recently issued joint media release.
The agreement is also expected to provide for future agreements to be negotiated in relation to monetary or non-monetary benefits for Six Nations.
Bill Doherty, CEO of Walton International Group, said the agreement is proof that the company wants to work with Six Nations by holding open discussions about the company’s development proposals.
“The agreement is tangible evidence of Walton’s commitment to fairness, consultation and community partnership,” Doherty said in the media release. “We’re delighted to be working toward a genuine collaboration with Six Nations. Creating an environment where there is the capacity to meaningfully participate in consultation is an important step and the agreement will help achieve this.”
Walton has proposed a subdivision on land owned by the company in the Tutela Heights area, which is slated to include more than 200 homes.
Six Nations elected band council Chief Bill Montour said the agreement with Walton is the result of a “proactive approach” by Six Nations.
“Six Nations has taken a proactive approach with respect to Walton’s consultation efforts, as we do with any proposal that creates opportunities for jobs and respect for our culture and heritage,” Montour said.
The agreement is also expected to provide mutually beneficial arrangements and assist in continuing to develop and improve relationships and partnerships between Walton and Six Nations, according to the media release.
Walton International Group owns or manages nearly 13,000 acres of land in Ontario.