Robert C. McLeod

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. Mr. Speaker, our department officials will be assessing the options available to the GNWT under the Project Management Agreement to ensure that the work gets completed. This will include working with Northern Lights and the communities to ensure construction can be completed early in 2017 and the line commissioned shortly thereafter. Thank you, Mr. Speaker.

The cost of fuel is one that this government has taken immediate action on to lower the cost of living in the communities served by the Petroleum Products Division. The Minister of Public Works and Services announced on Tuesday that, effective February 5th, the price of home heating oil was reduced by $0.09 a litre in Paulatuk, $0.07 a litre in Sachs Harbour, and $0.08 a litre in Ulukhaktok. With this reduction, heating oil prices in these communities have been reduced by approximately 20 per cent over the last year. We recognize that the cost of heating fuel and gasoline in our smaller...

I am willing to have discussions in how we can move forward with this. We have to take a number of things into consideration. We would have to look at the legislation to see if we are able to even entertain that idea, so as I commented before, I will have a discussion with the appropriate parties and see if there is an opportunity for us to move this forward. I take the Member's point, again, about the rent-to-own, but because it's an unsettled area, it kind of slows the process down a bit. But we will have those discussions. We will see how we can move the issue forward.

We are quite limited to what we can do in the unsettled areas, because some of that land might be claimed by the claimant groups, but we would be willing to work with the Member and work with the claimant groups to see if there are any options that might be available to us. But because they are in the process of negotiation, as I said a couple of times already, our options are quite limited.

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...