Anonymous has left a new comment on your post "Termination And Other Terms":
Nah, not buyin' it. If it was by Morris for
Morrisites (as you contend) there wouldn't be a termination clause.
A termination clause is a significant club to hold over the head of a person or an organisation.
There isn't one in the hydro building lease to the National Defence Department. You know , the one that's imperative to national security. Top secret an'all
I heard the building was offered because the Feds were contemplating closure of the armories
It would have meant loss of the traditional association with the Queen's York Rangers.
So we turfed the parks department out to make room for the Rangers.
Now we have to build a multi- million dollar joint facility for the parks and works department.
The Department of National Defence can get dispose of the big expensive to operate, impossible to heat , drill shed at the corner of Mosely Park..
When the lease expires for the Hydro building, if it's not renewed, the Town . not the Department of National Defense, will be responsible for the end of historical association with the Rangers.
Oh Happy Thought.
The rent from the hydro building has been going into general revenues.
The building is part of the Hydro asset. The rent should have been assigned to the Hydro Reserve fund. It's where it belongs.
Why do I have to think of everything.
This year, we are contemplating weaning ourselves from Hydro
interest revenue of $100,000. annually.
It means we lose that amount. As well as increased costs, we will have that much less revenue. Another cause for tax increase.
We are back at that again to-night.
I am not content. .