The amount paid by Stone Ridge Estates Ltd. to the Minister/Department of Indian Affairs and Northern Development, in trust for the band, for the 20-year extension to the lease is simply the amount of ongoing rents during the extended term. Ongoing rents are determined by the minister, based on fair market rent, at the start of each four-year period during the term of the lease. The rent paid form 1992 to 1996 was $86,400 per year.
In the House of Commons on October 8th, 1996. See this statement in context.