I attended a lunch hour meeting today with our Terrace Community Forest (TCF).
At the previous meeting in June, the directors of the TCF handed me a cheque for $100,000.00 (it was made out to the City of Terrace of course) as a payment toward an outstanding loan they have with the City. Today, they were able to give us another $50,000.00 and they anticipate paying out the loan in full by March of 2012. These payments mark a significant change in the TCF fortunes. They are currently putting people to work in our community and making a profit with the work they are doing. They are now starting to plan ways to contribute dollars back to the community which is part of the mandate of the community forest. They want to be a leading example in forest stewardship. They’ve recently provided funding to Caledonia High School for the creation of a logo which they presented to us during the meeting.
It’s very nice to see all the work the TCF has done over the years starting to pay off. As we start opening our doors to technology using low grade fibre and wood waste, we will see even more profits through our community forest. TCF will be in a very strong position to partner with value added manufacturing opportunities to market their fibre supply which will create additional jobs in this region and tax revenue to the City.
Here’s the link to my June 2011 newsletter, ‘From the Mayor’s Chair’ where I published an article on the Terrace Community Forest. http://www.terrace.ca/documents/Mayors_Report_June_2011.pdf