Any Member or group who wishes to receive Trust Property funding must complete the appropriate application form. Application forms are available at the Trust Office or on the website (www.fishinglake89.com). Where additional documents are required with application form, the Members must provide these documents so that the Trustees can make an informed decision.
Applications from Members seeking Trust Property funding from the Member Development Program must be submitted no later than five (5) business days before the next duly scheduled meeting of the Trustees. Applications received less than five (5) business days before the duly scheduled meeting will be referred to the next scheduled meetings of Trustees.
All Trust Property funding available under the Member Development Program is on a first come, first serve basis. In the event Members meet the criteria for their application, but there are no funds available in the category for which the Member has applied, the Member's application will be given priority in the next calender year.
Members who have not previously received funding from small business, micro business, housing or education in the past will be given priority over those Members who have already received funding.
The Budget which sets out the funds available for the Member Development Program shall be set by the Trustees during the annual budget meeting of the Trustees. The total budget for the Member Development Program for the first three (3) years is $1,000,000.00 or ($333,333.33) annually and thereafter will depend on the amount of available profits earned from the minimum amount invested by the Trustees. The total annual budget and the funds available in each of the five categories for funding shall be at the absolute discretion of the Trustees.
Trustees shall meet quarterly during the months of March, June, September and December during the year 2004 to consider all applications submitted to the member Development Program. Meeting dates will be set at least two weeks in advance unless unforeseen circumstances arise. The details for these meetings can be obtained by contacting the Trust Office.
All applications for Member Development funding will be considered in camera by the Trustees with the exception of the attendance of the Trust Office Co-ordinator and legal counsel, if/when required.
A quorum of four (4) Trustees is required at all times to approve any Member Development Program applications.
Applications submitted bu Members which are not completed or do not provide the documentation requested on the application form shall be considered by the Trustees as incomplete and will be returned to the applicant for further information. Members will be advised that their application is incomplete and the reason why it is incomplete in writing by the Trust Office Co-ordinator.