Thank you, Mr. Speaker. Mr. Speaker, a standard residential or recreation lease is the lessee charges a rental 10 per cent of the assessed value of per annum for the life of the lease. An equity lease is under typical residential or recreational equities. The lessee is charged 10 per cent of the assessed value per annum for the first 10 years of the lease and the lessee is usually charged a nominal amount of one dollar for the remaining years on the lease. Thank you, Mr. Speaker.

Thank you, Mr. Speaker. Mr. Speaker I will make that commitment. In fact, it's already happening in the Member's community where we had a member of our regional office meet with the Chamber of Commerce. I believe it was on May 26th and it was a very informative session from what I've been told, and they had a lot of questions, and they had a bit better understanding of how it works, but I will make a commitment to have our folks… It's part of our jobs too as representatives for our ridings is to share the information that we know with our constituents so they'd have a better understanding...

Equity leases are still an option for clients under the land pricing policy in the unsettled areas.

Thank you, Mr. Speaker. Mr. Speaker, I give notice that I will deliver the budget address on Wednesday, June 1, 2016. Thank you, Mr. Speaker.

Thank you, Mr. Speaker. I'd like to welcome to the gallery today a constituent of Inuvik Twin Lakes and also my official agent in the past election, Mr. Denny Rodgers. I would also like to welcome to the Assembly my constituency assistant, Krysten Cardinal, and I'd like to welcome all the young folks into the gallery as well. I would like to welcome all folks into the gallery as well.

---Laughter

Thank you, Mr. Speaker.

As Members have heard me say in the last two weeks that we have been here and even before that, the challenges that we're facing financially, I mean, we would love to be able to be in a position where we can help a lot of the communities with their challenges that they face. We have challenges of our own as a government, and it's one of the reasons we're trying to go through the exercise that we are going through, so we can be in a position to help our communities with some of the challenges they face. Plus, being able to invest into infrastructure which would create jobs in a lot of the...

Thank you, Mr. Speaker. Mr. Speaker, I am pleased to rise today and extend my best wishes to the 270 athletes, coaches, and managers from 18 communities who will make up Team NWT at the 2016 Arctic Winter Games in Nuuk, Greenland from March 5th to 11th, 2016.

For over a year now, young people from across the Northwest Territories have been preparing themselves physically and mentally for this opportunity. I congratulate all of the athletes who have persevered through the territorial selection and have achieved their goal of representing the Northwest Territories at this prestigious...

Our communities, they have stressed to us that they feel like they are challenged. We have given them opportunities to use some of their CPI funding that we distribute to them. I think it's up to 10 per cent that they can use to help with the O and M. Again, we won't know the potential impacts until we have a conversation with them as to the reduction in the Territorial Formula Financing.

We should note that the Deh Cho Bridge was actually not a P3 project. It was a negotiated contract where substantial design and construction risk was still with the GNWT. Before the P3 procurement starts, the GNWT undertakes a detailed risk analysis of the proposed P3 procurement compared to traditional procurement. This ensures risks are reflected in the procurement and all proponents are clearly aware of the risks they would be assuming as captured in the project agreement. To ensure that deficiencies are being properly managed, there will be no service commencement unless the design...

Following winter 2015 construction, as the Member said, there was some erosion and slumping area of concern were identified by Lands inspectors and Ledcor personnel. Northern Lights produced and acted on the remediation plan, and all the sites that were identified are being attended to. Ongoing monitoring is in place and with additional remediation being staged this winter in advance of the spring melt.