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Government Operations committee We are currently involved in discussions both with Corrections Canada and the City of Kingston to understand what the possibilities are there. Frankly, that's a subject of collaboration with the mayor. Bob has been in conversations and meetings with the mayor to engage the public
June 2nd, 2016Committee meeting
John McBain
Government Operations committee For us, because of the value proposition that we propose for Canadians, we don't view ourselves as the same as other developers. For example, because of the percentage of green space that we include in our properties, and the commemoration of heritage and legacy projects that we
June 2nd, 2016Committee meeting
John McBain
Government Operations committee It's an interesting question. I'm always impressed when we look—
June 2nd, 2016Committee meeting
John McBain
Government Operations committee Okay. I'm impressed by the quality of the mandate and the foresight it showed—
June 2nd, 2016Committee meeting
John McBain
Government Operations committee —but at the same time, the world of real estate and development is evolving.
June 2nd, 2016Committee meeting
John McBain
Government Operations committee We get a 300-acre property, sometimes after—
June 2nd, 2016Committee meeting
John McBain
Government Operations committee In terms of a plan like Griesbach, we do stakeholder engagement and engage with the communities. We propose a plan that goes to the city. We then get the feedback, we adjust the plan, and it gets approved, and we then have a development plan. Then we make the decision. Do we do b
June 2nd, 2016Committee meeting
John McBain
Government Operations committee I'll turn it over to Bob, but for us it's really a question of where the most benefit is for Canada Lands and therefore the return to the crown. We assess the market. Do you want to answer that, Bob?
June 2nd, 2016Committee meeting
John McBain
Government Operations committee If you'll allow me to take a look....
June 2nd, 2016Committee meeting
John McBain
Government Operations committee We did conduct a thorough review of the risk management framework within the organization, including having a new chair of risk management appointed at the board level. We undertook that review with our third-party auditors, Ernst & Young. As a result of that work, we reformu
June 2nd, 2016Committee meeting
John McBain
Government Operations committee Certainly.
June 2nd, 2016Committee meeting
John McBain
Government Operations committee No, they are not. We are a separate employer.
June 2nd, 2016Committee meeting
John McBain
Government Operations committee You're quite right. To be fully transparent, one of the benefits of being a crown, working within the policies set out by the government, is that we reach an agreement with the federal custodians on the market value of the properties. We sign a promissory note. We make an upfront
June 2nd, 2016Committee meeting
John McBain
Government Operations committee We purchase surplus land from the government; we don't purchase new land.
June 2nd, 2016Committee meeting
John McBain
June 2nd, 2016Committee meeting
John McBain