Thank you for your question.
I may not have been clear enough. National defence is building on its own land, so it is responsible for the costs associated with the buildings that will be constructed.
At this point, I have no idea what those will be. I know they will be multi-unit housing, but I don't have a specific idea about the assessment of those buildings. An assessment will be done by our assessors, along with those of the military base, to determine the value of the housing units.
Earlier, I spoke about payments in lieu of taxes. We will assess that and then apply the tax rate of the City of Shannon, which, if I may take a moment to say so, is one of the lowest in Quebec. The tax rate is quite low, and it will be applied to these new housing units. The average value of homes in Shannon is about $460,000. I don't think the units on the military base will be worth $460,000. Their value will be lower, since we're talking about apartments or multi-unit dwellings.
Does that answer your question?