The Sydport side of the wharf property that the CBRM recently sold to Point Edward Marine. IAN NATHANSON/CAPE BRETON POST IAN NATHANSON/CAPE BRETON POSTArticle contentThe sale of the Sydport property to Albert Barbusci is a bone of contention within the public. This land is an asset of Cape Breton Regional Municipality taxpayers, and, given the location of the proposed Arctic Icebreakers Maintenance Facility, it should be used to generate revenue for us, the taxpayers, not for a private businessman.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY.Subscribe now to access this story and more:Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsSUBSCRIBE TO UNLOCK MORE ARTICLES.Subscribe or sign in to your account to continue your reading experience.Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsRegister to unlock more articles.Create an account or sign in to continue your reading experience.Access additional stories every monthShare your thoughts and join the conversation in our commenting communityGet email updates from your favourite authorsSign In or Create an AccountorArticle contentArticle contentThe Cape Breton Regional Police were asked to investigate, and I think that is an extreme conflict of interest.Article contentArticle contentThe CBRM administration oversees the CBRPS, and I believe the RCMP should be called in to investigate to see if the following clauses were met:Article content40. Provided that the Tenant shall have regularly and duly performed all of its obligations under the lease herein, including the timely payment of Rent and Expenses, it shall have an option to renew prior to the expiration of the Term for a further ten (10) year period, with fixed annual minimum rent equal to the current Rent. Upon any renewal, all other terms of the original lease herein shall apply mutatis mutandis.Article content41. The Tenant shall exercise the option to renew by written notice to the Landlord delivered no less than six (6) months prior to the expiry of the Term, failing which the option to renew shall be null and void and the Tenant shall be obligated to pay a fee of six hundred thousand dollars ($600,000.00) as a termination fee (the “Termination Fee”) which represents the unamortized portion of the original Landlord purchase price for the Lands.Article contentArticle contentOutright PurchaseArticle contentArticle content42. Provided that the Tenant shall have regularly and duly performed all of its obligations under the lease herein, including the timely payment of Rent and Expenses, it shall have an option, at any time during the Term or any subsequent renewal, to purchase the Demised Premises for an amount equal to One Million Two Hundred Thousand Dollars ($1,200,000.00), less the amount of Sixty Thousand ($60,000.00) Dollars per year from the date of the commencement of the Term to the date of exercise of the option contained in this Paragraph 42.Article contentThis municipality has a long history of looking after a handful of people with our assets, and it continues today.Article contentThe politicians (municipal, provincial and federal) should be aware that the public is getting more and more angry with how we are treated by all of you. The federal government and our MPs ignore our right to equalization by stating it is transferred unconditionally. The provincial MLAs ignore the citizens (me included) about fair taxation, and they act like puppets to the party leader instead of standing up for our right to live equally within this province and country without excessive taxation.Article contentWill this be swept under the rug as usual?Article contentRev. Dr. Albert MarounArticle contentSydneyArticle content
OPINION: RCMP, not regional police should investigate property sale
