The Shelter Bay Community has scheduled three meetings on Saturday for residents to hear information from consultants regarding the tribe’s “best and final” proposal for a new Master Lease.

Nearly two years ago the Swinomish Indian Tribal Community presented its proposal to replace the present lease, which expires in 2044, with a new 75-year contract.

Shelter Bay consists of about 800 homes built on land originally leased from the tribe and individual tribal families in 1968. With leases set to expire in about 27 years, it is impossible for homeowners to obtain typical 30-year mortgages.

Under...