Mr. Speaker, the actual cost is that over the term of the lease extension, the base rent remains the same. However, in the operating and maintenance expense over the eight years, the government stands to save up to $500,000 from the previous lease arrangement. Plus, any of the office spaces in Yellowknife, some of them are pretty old office spaces and you need good facilities for employees to work in, you need good heating facilities, ventilation and air conditioning. In this case, there was a problem in Lahm Ridge Tower in the heating, ventilation and air conditioning system and through the negotiations, we were able to have a condition that the landlords will improve and change this heating, ventilation and air conditioning system to about $100,000 in improvements. Cost-wise, it is a good deal. Thank you.
Jim Antoine on Question 263-13(5): Lahm Ridge Tower Lease Arrangements
In the Legislative Assembly on February 9th, 1998. See this statement in context.
Further Return To Question 263-13(5): Lahm Ridge Tower Lease Arrangements
Question 263-13(5): Lahm Ridge Tower Lease Arrangements
Item 6: Oral Questions
February 8th, 1998
Page 652
Jim Antoine Nahendeh
See context to find out what was said next.