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Government Operations committee  This is the replacement of a dam on the northern part of the Ottawa River. It had three sluice gates that we determined to be inadequate to handle potential flow in the spring runoff. So it's been the complete reconstruction of that dam. This is part of an agreement we have with

February 5th, 2009Committee meeting

John McBain

Government Operations committee  We haven't, to my knowledge, conducted a recent audit of our entire portfolio per se. We do look at the valuation of the portfolio on a regular basis, and we look at our holdings in terms of our specific needs and the decision points--the analysis on the options of whether we con

February 5th, 2009Committee meeting

John McBain

Government Operations committee  Mr. Chair, in a point of correction, if I may, we have 2,000 leases in place, all expiring at different periods, so they're not all coming up. They will over time. As I said, some might run 25 years. In terms of the lease agreements themselves, we pay a fixed amount for the ren

February 5th, 2009Committee meeting

John McBain

Government Operations committee  In terms of the cost for the space itself, we can predict, because that's specified in the terms of the lease, but there are additional costs associated with occupying the space that do increase. We are forced to adjust and react to them. When you multiply that by the number of p

February 5th, 2009Committee meeting

John McBain

Government Operations committee  Thank you for the question. We have in excess of 2,000 leases in place from coast to coast, for a variety of reasons, obviously, and they all have different expiring times. So we're renewing those over different periods of time. We are targeting longer lease periods to drive a b

February 5th, 2009Committee meeting

John McBain

Government Operations committee  I can't provide you with a specific number, but I'd be willing to come back to the committee with the actual numbers of the renewals this specific year. We have leases in place that range from five to eight to twenty-five years, so there is quite a range, and there is a series of

February 5th, 2009Committee meeting

John McBain

Government Operations committee  In terms of the requirements for our accommodation and our portfolio, we conduct an annual event with our colleagues at Treasury Board to look at the increases that come through. It's built into the lease agreements we have as are our own operating costs for the crown-owned build

February 5th, 2009Committee meeting

John McBain

Government Operations committee  In terms of the crown-owned portfolio, we are regularly looking at our options in terms of acquisitions and disposals. We don't have specific plans for disposals other than for assets that are no longer pertinent to our requirement. For the short term there is no change in how we

February 5th, 2009Committee meeting

John McBain