Thank you, Mr. Chair. For most leases, there is a five-year periodic review of the lease rent that is charged, and for that, we do rely on some information provided to us from Municipal and Community Affairs to assist us with that lease rent review. My understanding is that Municipal and Community Affairs' process does include potential improvements to the land, so there is a factoring in, given the process that we follow. In terms of going forward, because I think there was interest in pricing going forward, we do have to, as I indicated, determine what that process is going to look like in terms of the value of land going forward and whether it's based on the assessed value of the land or not and how improvements factor in. Those are definitely items that we will have to consider as we move forward on regulation development. Thank you, Mr. Chair.
Ms. Haener on Committee Motion 79-19(2): Tabled Document 286-19(2): Main Estimates 2021-2022 - Lands - Corporate Management - Deletion of $303,000 from Grants, Contributions and Transfers, Defeated
In the Legislative Assembly on February 24th, 2021. See this statement in context.
Committee Motion 79-19(2): Tabled Document 286-19(2): Main Estimates 2021-2022 - Lands - Corporate Management - Deletion of $303,000 from Grants, Contributions and Transfers, Defeated
Consideration In Committee Of The Whole Of Bills And Other Matters
February 24th, 2021
Page 2099
Haener
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