RIVERBEND ESTATES HOUSING DEVELOPMENT OPPORTUNITY
This project, Riverbend Estates, is a 4-phase 263-acre planned residential community in the County of Brant on TutelaHeights Road. Riverbend Estates is the first Six Nations – Walton project under their Partnership Agreement.
Project Information: At Time of Engagement
Developer – Walton Group & Six Nations as a partner
263 acres including 70+ acres of green space
Six Nations to acquire an equity interest in all 4 phases; Phase 1 – 200 lot draft plan
Six Nations oversight on all archaeological work; no longhouse found or ceremonial or burial grounds identified to date
Summary of Benefits
The Six Nations-Walton Group Partnership Agreement will not prejudice, abolish or impair any existing or future claims of the Six Nations of the Grand River against the Government of Canada and/or Government of Ontario;
Six Nations to acquire 20% of Walton’s 5% interest in the Riverbend Estates project at Walton’s original cost;
Six Nations to receive its proportionate share of any net cash flow from the Riverbend Estates project;
Six Nations to receive 10% of Walton’s construction management fees for the Riverbend Estates project;
Six Nations to receive 10% of Walton’s performance fees earned if financial returns from the Riverbend Estates project exceed certain thresholds;
Six Nations has an opportunity to bid on infrastructure work; potential for future housing construction work with home builders;
Six Nations to be compensated for the value of services provided, anticipated to be equal to the acquisition price for Six Nations’ equity interest;
If the Six Nations’ service fees are inadequate, Walton will lend funds at commercially reasonable rates to permit Six Nations to purchase an equity interest.
Thursday June 25, 2015
Six Nations Tourism
Thursday July 16, 2015
Six Nations Tourism
Please Note: This section includes the most recent/updated information regarding the project. Based on community engagement feedback at the time of engagement project updates may differ.
Engagement was led by the Consultation and Accommodations Process Team. For further updates regarding this project please contact CAP Team.
COMMENT ON THE PROJECT