Mr. Chair, we believe our rates for leases on airport lands are comparable to what the city leases their lands for. We do an assessment on a five-year basis. Every five years, we have a consultant come on stream. We do an assessment and check the market to see if our rates are comparable. So we are quite comfortable that it is comparable. However, having said that, it should be noted that the service levels are not the same. Our lands are leased out. They don't have provisions for water and sewer at this point, so the rates could be considered higher on airport lands than they would be within the city.
Michael McLeod on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 3rd, 2006. See this statement in context.
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
February 2nd, 2006
Page 741
See context to find out what was said next.