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Waikato regional economic profile - Waikato Regional Council

Waikato regional economic profile - Waikato Regional Council

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SettlementprogressDeed ofSettlement(conditional uponsettlementlegislationcoming intoforce)<strong>Waikato</strong> iwiinvolvedRaukawaSettlementsummaryFull and finalsettlement of allRaukawa historicalTreaty of Waitangiclaims against theCrown.Total settlementvalueFinancial redress:$50 million cashcompensation lessthe on-accountamount from CNISettlement, $533,000payment, pouwhenua fund$50,000, $3 millioncultural fund, $8million to engage inriver relatedinitiatives such asjoint initiatives withMighty River Power.Interest commencing28 January 2011 tothe day prior tosettlement date.Iwi-specificAgreement InPrincipleequivalentsHaurakiCommercial redressprovides Raukawawith an option topurchase Crownproperty in differentcircumstancesdepending on thetype ofredress. 365365Office of Treaty Settlements (2012) Raukawa deed of settlement.Page 114 Doc # 2069885

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