Actually, over the course of the last number of years there has been a bit of a hodgepodge.
Almost four years ago the department created the organization I lead to try to establish an integrated national approach. What we're doing now is divesting the property and all its assets to a community group. We're doing that at a nominal value. We are ensuring that the heritage character of the light, if there is a heritage value in it, is protected through the FHBRO standards. We do that through the legal transfer documents. As well, prior to the divestiture of any of our properties, we undertake the appropriate legal due diligence and provide full disclosure of all environmental contaminations or whatever at the site and outline a risk mitigation plan for addressing those.
There are some instances where we do have leases. Predominantly we're using leases now because there's a bit of uncertainty, as a result of this bill and other issues, as to what the downstream liabilities will be for subsequent owners of the properties. We don't want to slow the divestiture process down. We want to get these lighthouses in the hands of community groups who want to make alternate use of them. We have a number of leases that are in play until the environment gets clarified a bit. Then we want to move forward as quickly as possible with a complete divestiture of the entire property.
