Also in her recent response about the Notice to Proceed (NTP), VLCIA Executive Director Andrea Schruijer she didn’t mention this paragraph:
5.1.2. Expiration. If the Company has not issued the NTP by the expiration of the Term of the Option Agreement, then this Agreement shall expire and terminate, without any further liability on the part of any Party to the other, except as otherwise expressly provided in this Agreement.The current, second, extension term expires 13 March 2012, one month from Monday. If there’s no NTP and no third extension before then, there’s no private prison (see 5.1.2).
So has VLCIA sent CCA terms for a third extension option? If not, this thing may be over in a month and a few days. If yes, what are those terms?