Thank you, Mr. Chairman. My understanding is that the department is factoring into the square footage cost of the unit the estimate of the value of the land. If we were going to dedicate that particular land to this project, it would be normal to capitalize the cost of the land with the improvements, with the building. When you are doing the cost benefit analysis, the option available is if you don't use the lot for this purpose. If the lot is surplus to your need, the lot represents an asset you can dispose of. So it's normal we would build in the value of the lot into the cost benefit analysis.
Mr. Voytilla on Committee Motion 125-14(6): To Report On $1.3 Million Project For The Tuktoyaktuk Road Reconstruction, Carried
In the Legislative Assembly on June 12th, 2003. See this statement in context.
Committee Motion 125-14(6): To Report On $1.3 Million Project For The Tuktoyaktuk Road Reconstruction, Carried
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
June 12th, 2003
Page 1050
Voytilla
See context to find out what was said next.