As you know, Selkirk Land and Cattle Corporation instituted a multi-million dollar lawsuit against the City of Revelstoke for breach of contract.
A settlement agreement was entered into in May of last year.
As the taxpayers were made aware at the time, the settlement agreement includes a requirement that the terms and conditions of the settlement be confidential.
Since the settlement I have, on occasion, been asked if Selkirk would be willing to waive the requirement of confidentiality if the city could be persuaded by the taxpayers to do likewise. With a seminal election looming, the question has taken on an increased relevance.
With the current mayor’s stated goal of increased transparency at city hall, I am now being asked the question more often so, in order to clear up any misconceptions, I hereby confirm that Selkirk is willing to waive the confidentiality requirement if the city wishes to release the settlement agreement in its entirety to the taxpayers.