Thank you. Does the corporation anticipate that it will be hiring any outside expertise or any consultants to carry on that work, or is it all internal? Thank you, Mr. Chairman.
Debates of Feb. 7th, 2006
This is page numbers 793 - 842 of the Hansard for the 15th 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 housing.
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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Koe
It's projected, or proposed, that we are going to do all the work internal. Again, there's other government agencies involved with us; FMBS. So the work is going to be within the committee, CMHC, ourselves and industry.
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
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Bill Braden Great Slave
Mr. Chairman, this is all quite valid work in support of advancing this proposal, but it is a significant single project and I'm wondering if the corporation could produce for committee, before the end of the month and before we're finished with the overall budget, some assessment of what it anticipates will be its expenditures on Novel in the coming year.
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
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Koe
So far this year we've spent approximately $121,000 on Novel.
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
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Bill Braden Great Slave
Thank you for that information. Does the corporation have any estimate on what it anticipates spending in the coming year to advance Novel? 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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Koe
It would be significantly less because in this amount that I mentioned were the costs for expenses for people from the North. So we won't be doing that next year. They've already seen it. I don't have a cost, but it would be just out of our operations.
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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Bill Braden Great Slave
Thank you. Finally, Mr. Chair, Mr. Koe provided an amount for what's been spent so far this year. Obviously, it is being tracked. So I guess I would anticipate that in the next year, or as the program goes, we'll be able to get an accounting from the corporation of what it is spending on Novel. Not a question, but an expectation. Thank you, Mr. Chair.
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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The Chair David Ramsay
Thank you, Mr. Braden. We're back on page 8-21, information item, finance and strategic investments, operations expenditure summary. Any questions?
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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Some Hon. Members
Agreed.
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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The Chair David Ramsay
Agreed. Page 8-22 is an information item, finance and strategic investments, grants and contributions. Questions?
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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Some Hon. Members
Agreed.
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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The Chair David Ramsay
Agreed. Page 8-25 is an information item, debt repayment, operations expenditures summary. Questions, committee? Mr. Braden.
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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Bill Braden Great Slave
Mr. Chair, what does the corporation's crystal ball say about future debt levels, especially as interest rates are always flexing and changing? Does this have a substantive impact and what kind of anticipation or forecast have we got here? Thank you, Mr. Chair.
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
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Anderson
Thank you, Mr. Chairman. There's very little risk from rates. The big portion that the NWT Housing Corporation is responsible to pay are locked in over the life of the assets until 2038. That's at 6.97 percent and it's for the full term of the mortgage. 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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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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The Chair David Ramsay
Thank you, Mr. Braden. Any other questions on page 8-25, information item, debt repayment?
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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Some Hon. Members
Agreed.