Village receives first dividends from NACFOR

The Nakusp and Area Community Forest gave its first dividends since its creation in 2008.

The village of Nakusp has received its first dividend cheque from the Nakusp and Area Community Forest (NACFOR).

The community forest began in 2008, and the village is the only shareholder in the company.

The village was recently presented with a cheque representing the dividends from 2013, in the amount of $582,064.

NACFOR and the village will be sitting down to discuss priorities for the village, and will determine how the money will go out.

“This money will be put in a legacy fund created by the village,” said mayor Karen Hamling. “It’s not going to little tiny projects, it will go to something that will help the community as a whole.”

It took five years for NACFOR to present a cheque because the company wanted to build up a reserve fund. Once that fund was built up, the dividend was presented to the village.

There was no dividend cheque in 2014, because the company’s costs exceeded its income.

With the company, income can vary from year to year. One year, they might not do a lot of logging, but they still have management and maintenance costs.

“We logged a lot in 2013, so we made quite a bit of money, but in 2014, we had to do a lot of field work to replace the volume and we didn’t log as much, so we didn’t make as much,” said Kathy Smith, president of NACFOR.

No decision has been made on what the funding will go toward, but the village is in the process of creating a strategic plan, with priorities on the next four years on where it would like to work within the community. The plan and priorities will be taken into consideration, along with a discussion with the board members of NACFOR to see if there are other priorities that can be offered up.

 

Just Posted

VIDEO: This is what buying legal pot in B.C. looks like

Take a look inside B.C.’s first and only legal pot shop located in Kamloops

‘Police are ready’ for legal pot, say Canadian chiefs

But Canadians won’t see major policing changes as pot becomes legal

10 things still illegal in the new age of recreational cannabis

Pot is legal – but there are still a lot of rules, and breaking some could leave you in jail

COLUMN: Meet Todd Coyne, our new editor

Todd Coyne takes charge of five Black Press newspapers in the West Kootenay

Denesiuk announced as Liberal nominee for South Okanagan-West Kootenay

Connie Denesiuk ran for the first time in 2015, losing to current MP Cannings

Mellow opening to B.C.’s only legal pot shop

About five people lined up early for the opening of the BC Cannabis Store in Kamloops.

Jagmeet Singh says marijuana pardons are not enough

Trudeau government will streamline pardon process for Canadians convicted of simple possession of marijuana in the past

BC Ferries begins taking debit in two-month pilot project

Company is giving customers option to use Interac on two-month trial on select vessels

Caregivers banned from smoking, growing cannabis around children-in-care: MCFD

Ministry has limited cannabis use for caregivers, stating it may “pose a risk to children and youth.”

Cheaper strains sell out within minutes on online BC Cannabis Store

Province says new strains will become available in the coming months

Only 40% of B.C. car dealerships have electric cars available: report

Researchers found buyers frustrated at the lack of options

VIDEO: Millionaire Lottery returns to give back and win big

Since 1996, Millionaire Lottery has raised $52 million for the VGH+UBC Hospital Foundation

Test case challenges a politician’s right to block people from Twitter account

3 people say Watson infringed their constitutional right to freedom of expression by blocking them

‘A little odd’ B.C.’s biggest city celebrates cannabis without a legal store

On the streets of downtown Vancouver, notably the Wild West of illegal marijuana, not a single legal store opened Wednesday, making for a rather anticlimatic kick-off

Most Read