I have a question with on contributions to hamlets. How many other hamlets have been or have there been put in this situation to allow them the same opportunity to access funds to develop infrastructure in those communities through this initiative?
Debates of May 28th, 1997
This is page numbers 1157 - 1192 of the Hansard for the 13th Assembly, 4th Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was communities.
Topics
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Todd Keewatin Central
I think it is important to put it into terms of the new land use policy in place where communities have to recover the costs of their land developments. All communities have access to this and they can do the same as any other community can do, either through some kind of debenture, through borrowing from ourselves through lease payments or whatever. It is open to everybody, provided they have the capability and the capacity to repay it. Thank you.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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David Krutko Mackenzie Delta
I am not too sure the land lease policy has been approved by this House yet. Presently, it is still in draft form so I am wondering how we are approving this when the policy has not been approved by this House, with regards to how it sets rates for lots and properties.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Todd Keewatin Central
Thank you, Madam Chair. Legislation was approved in the last session. Thank you.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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David Krutko Mackenzie Delta
Yes, I believe the legislation was passed but I do not believe we agreed to allow the increases for the particular leases in those communities at this time. I believe it is presently being drafted for the House.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Todd Keewatin Central
That is correct, but it is a community choice. If a community wishes to put forward a land development, they have to pay for it, that is what the legislation now says. So the community choice in the constituency of Rankin Inlet was that they do not have the capability, they tell me, for the $6.5 million but they are prepared to conclude one loop to the tune of $1.5 million. It is a repayable contribution, in keeping with the way in which we contributed to other municipalities including Yellowknife, Fort Smith, Hay River, Fort Simpson, et cetera, by increasing the costs of their leases and meeting the schedule of payments that is required under the policies that we have in place. Thank you.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Roy Erasmus Yellowknife North
Thank you, Madam Chair. The repayment schedule that was mentioned. How long of a time period is there within which the municipality has to repay the loan?
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Todd Keewatin Central
I do not have the term of that loan or any other loan, but I imagine it would be under the normal debenture loan system that we put in place. We give those out all the time to municipalities. There is a clear policy in place as to a repayment schedule, as well as interest payments. I do not know off the top of my head whether it is a five, ten, or 15
year period, but I could check into that one, as well as the others that we give across the territories. Thank you.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Roy Erasmus Yellowknife North
Thank you, Madam Chair. It is good to know that it is under the normal conditions, but what are the normal terms? Does it have to be within 20, 50, or 100 years? I am sure it must be something reasonable. Is there a policy in place to govern this so that it is reasonable length of time?
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
May 28th, 1997
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John Todd Keewatin Central
The policy in place is no different than for any other constituency across the territories. I do not know whether it is a 10, 15, or 25 years. Seamus is saying it could be 25. I do not know. It is a normal repayment policy. I could check into it and get back to the Member. I do not know what the payback is, but it is just normal, whatever we do. When someone goes and asks for $10 million like the City of Yellowknife did some time ago, we work our repayment schedule or Fort Simpson, Hay River, Fort Smith or whatever. I can look into it though and get back to my honourable colleague as to what the schedule is on this particular expenditure.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Roy Erasmus Yellowknife North
Thank you, Madam Chair. How are the interest rates determined for the various loans?
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Todd Keewatin Central
The interest rates are what we normally charge for debenture loans to everybody across the territories.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Roy Erasmus Yellowknife North
Thank you, Madam Chair. Is there just one rate then? Everybody gets five percent, say? It does not matter what time of the year or what the current interest rates are at the bank?