Thank you, Mr. Speaker. Mr. Speaker, the question in regard to the Lahm Ridge Tower lease is that it was a ten-year lease, and that lease had expired a couple of years ago. The department had not exercised the extension provision to the lease but had committed on a month-to-month basis. In late July, the then owner of Lahm Ridge Investment Ltd. asked the regional superintendent for a ten-year lease extension consistent with the lease terms that they were operating under. The landlord had proposed some fairly good reductions in the operation and maintenance cost, which was estimated to be about half a million dollars over an eight year period and they have agreed to upgrade and renovate some of the heating and ventilation system. The regional superintendent then, according to the lease, had agreed to an extension that was limited to eight years. So, under the provisions of the lease arrangements with Lahm Ridge Investment Ltd., this was under the regional superintendent to go ahead and make some further arrangements for extending the life of the lease because of the favourable financial arrangement they were able to reach. Thank you.
Jim Antoine on Question 97-13(5): GNWT Office Leases
In the Legislative Assembly on January 26th, 1998. See this statement in context.
Further Return To Question 97-13(5): GNWT Office Leases
Question 97-13(5): GNWT Office Leases
Item 6: Oral Questions
January 25th, 1998
Page 307
Jim Antoine Nahendeh
See context to find out what was said next.