A lease is a legal agreement that gives someone the right to use our land for a set period of time, in exchange for rent.
Under a lease, the land is not sold. Snuneymuxw keeps ownership of the land as part of our reserve.
The tenant using the land must follow the rules set out in the lease, including what the land can be used for and how much rent must be paid.
If our members vote yes, Snuneymuxw will lease the te’tuxwtun lands directly to our own PDG — a company 100% owned by Snuneymuxw. This main agreement is called the head lease.
PDG will be able to sublease parts of the land to outside businesses and developers, as informed by our member community planning feedback.
Chief and Council, with Snuneymuxw advisors, will negotiate all lease terms.