Funding agreement for Golden Area Initiatives to end

The Town of Golden Council have given notice they will no longer e a part of the Community Economic Development Services Agreement.

At its regular open meeting held May 29, 2012, the Town of Golden Council gave public notice to the Columbia Shuswap Regional District and the Golden and Area Community Economic Development Society that as of December 31, 2013 it will no longer be a part of the Community Economic Development Services Agreement that currently binds the three entities. This will effectively terminate the program.

The accord, which is also known as the “Tripartite Agreement,” has for the last 10 years been the basis for defining the funding model by the two government bodies for the society as well as the roles and responsibilities for all three.

“This was a difficult decision to make, given a decade of history with GAI, and some significant achievements it has made”, said Mayor Christina Benty. “But as one of the members of the society Council feels that its governance framework is not working. Council has stated that it still feels an economic development function in our community is important, and giving notice of termination of the Tripartite Agreement was the only real way to compel the local government partners to examine other models of delivery by imposing a deadline upon the current one.”

“We are now faced with a myriad of possible options for delivering economic development services either singularly or jointly with the regional district”, said Coun. Caleb Moss. “On one hand, it could be as simple as changing the terms of the Tripartite Agreement to address our wants and concerns; on the other, it could result in a completely new model for delivery. It is our intention to begin exploring all the possibilities with the regional district over the next several months.”

Under its trade name Golden Area Initiatives was registered as a non-profit society in 2002, and has just four ongoing members. The Town of Golden Council, The Electoral Area Director, the CAO of the Town of Golden and the CAO of the regional district.

The board of seven directors are appointed annually, one each by both the Town Council and the Electoral Area Director and three jointly between them. The mayor of the Town of Golden and the Electoral Area Director are automatically appointed to the board.

Notable deliverables by the society have included the construction and ownership of the BC Visitor Centre, numerous and updated investment publications, film commission activity, community planning, investment, and collaboration initiatives, local and regional representation on boards and committees associated with local community development, and a recently developed high profile web and social media presence for the community.