Economic Development Project - Current
Yellow Quill Holdings Inc. was created to hold land until it is transferred to reserve status. Here is a quick update about our current property holdings. Proceeds are used to pay property taxes and remaining funds are directed at economic development projects and Yellow Quill community assistance.
1. First Nations Bank Building
Yellow Quill’s second urban reserve in Saskatoon. The First Nations Bank Building (FNBB) is a nine story office building located at 224 4th Avenue South in downtown Saskatoon. The property has zero vacancies and is home to the following tenants:
- First Nations Bank
- Claude Resources
- Shore Gold Inc.
- Merchant Law Group
- 49 North Resources
- MGI Securities
- BEC International Inc.
- Ministry of Governments Services (Family, Crown Prosecutor, Court of Queens Bench)
- Nova-Tek Innovations Inc.
- Quon Ferguson
FNBB was purchased via Yellow Quill TLE funds and carries no debt or encumbrances. A recent appraisal in March 2011 confirms the value has increased exponentially since the date of purchase. With the recent upswing in the provincial economy – it is expected the value of the property will, over time, continue to increase.
2. Saskatoon Parking Lot beside the FN Bank Building
The Saskatoon parking lot located at 240 4th Ave South is leased to Imperial Parking Canada – proceeds of which are used to pay property taxes to the City of Saskatoon and remaining funds applied towards economic development projects and Yellow Quill community assistance. Its location is ideal for potential future development of an office tower or other commercial uses.
3. Corman Park Property
254 Acres leased for farmland, including a quarter section that is home to a Yellow Quill Family
4. Property South of Regina in Caledonia
This property has an active lease for the land, Uninhabitable land
5. St. George’s Anglican Church Property
The church located at 1236 20th Street West in Saskatoon, Yellow Quill Property Management is looking to sell this property.
6. Property near Craik
Currently governed by a numbered company and has an active lease for the land, this property is leased to a farmer to pay taxes. This is uninhabitable land
7. Archerwill Property
The Archerwill property was purchased in December 2011.
It is currently in the process of being leased to Yellow Quill Housing/Operations & Maintenance department
Land Base
The use of TLE funds has allowed Yellow Quill First Nation to expand its land base to over 35,000 acres throughout the province and also an urban parcel in downtown Saskatoon (i.e. adjacent to the First Nations Bank Building).
Currently, the Yellow Quill land is situated in the following urban and municipal areas:
- City of Saskatoon (Parking lot)
- RM of Kelvington
- RM of Ponass Lake
- RM of Corman Park (north-east of Saskatoon near Cathedral Bluffs and Wanuskewin park)
- RM of Porcupine
- RM of Caledonia (south of Regina)
The roughly 35,000 acres of land is mostly agriculture and pasture lands – most of which is leased to local farmers at fair market value. Similar to the Saskatoon parking lot – proceeds are used to pay property taxes and remaining funds applied towards economic development projects and Yellow Quill community assistance.
In March 2011, over 16,000 acres of TLE land moved to reserve status.
