Your testimony is very helpful to us. We're not probing this particular harbour or facility; what we're doing is using your experiences to analyze what needs to fit our recommendations to the national program.
I think what you're saying is really important. What I'm hearing is that you've got a base agreement of $15 million--$5 million and $10 million--and it's a quantum, a fixed amount of money. You've spent $3.5 million or thereabouts; you've got another contract tendered that is legally binding to you for $12 million, so the $15 million will now be spent. You'll be left with a good, pristine, as-it-was site, environmentally remediated.
But not one cent will be spent on water lot improvements such as breakwaters, wharfs, or slipways, nor will one cent be spent on upland development such as restaurants, boardwalks, or tourism infrastructure. You're committed to taking this over as soon as this $12 million contract is completed and the site is remediated.
Are you aware that once you take over real property ownership, the small craft harbours program is no longer eligible to fund anything related to this harbour facility?
I'm asking these meanspirited questions simply to get confidence that you understand the situation in front of you. Unless you get additional moneys prior to taking real property ownership of this from the small craft harbours branch, there's really nothing on the table afterwards. Once city hall does take ownership of this, the only opportunities are from existing cost-shared federal-provincial-municipal government programs, such as the MRIF, the Building Canada fund, and so on. Are you very clear on that?