Daryl Dolynny

Thank you, committee. Sergeant-at-Arms, could you please escort the witnesses into the House, please.

Thank you. Minister McLeod, will you be kind enough to introduce your witnesses to the House, please.

Thank you. What I’m trying to get at, Mr. Chair, is to get a sense of where the department sits and has an understanding of what is the actual vacancy rate for commercial real estate in Yellowknife. We are a large tenant, both leased and owned, but I’m trying to get a grasp and I know Public Works is right on the ball on this I’m sure. They know those numbers quite accurately. I need to know, as a Member, what is the vacancy rate now in Yellowknife that we have for information in terms of commercial real estate. Thank you.

So, it is safe to say that we don’t know if it has any residual value that we are going to be surplusing and selling it, or are we able to bring it up to another airport or maybe use it as a backup? It sounds like a pretty expensive piece of machinery. I don’t think these units… Maybe age might be an issue. I don’t think these units see a lot of traction time. Again, I am just trying to see how, again, repurposing these very expensive pieces of equipment that have very low hours. Thank you.

Thank you, Ms. Bisaro. Ms. Craig.

Thank you. Page 54, court services, infrastructure investments, $867,000. Does committee agree? Ms. Bisaro.

Thank you, committee. Sergeant-at-Arms, if you would escort the witnesses in, please.

Minister McLeod, would you be kind enough to introduce your witnesses this evening?

Thank you. Mr. Hawkins.

We also know that, I believe, there was a contingency reserve fund put aside within this project. I can’t remember the exact number, but I believe it was around $5 million. Has any of that contingency money been used, and if so, how much and for what and is there any anticipation that that contingency fund might be used in this upcoming construction season? Thank you.

So, although the GNWT basks in the glory of a defined measure such as an Aa1 Moody credit rating for its debt management and current debt load, the real landscape paints a much bleaker forecast than Moody’s can safely measure.

Therefore, Mr. Speaker, we must be cautious moving forward. This was invariably echoed yesterday by the Finance Minister in his fiscal update. It is for these reasons of ignoring the warning bells that my assessment of the McLeod government in dealing with debt and borrowing management will only muster a C grade. Mahsi cho, Mr. Speaker.

Is committee prepared to go to detail?