IN CAMERA COUNCIL MEETING

SEPTEMBER 24, 2013

DECISIONS AND REPORTS RELEASED

Nomination of Vancouver Public Space Network Representative to the Civic Asset Naming Committee

THAT Heather Forbes be appointed to the Civic Asset Naming Committee, representing the Vancouver Public Space Network, term to commence immediately and end December 7, 2014.

The Other Report dated September 18, 2013, refers.

 

Lease of City-owned property situated at 3210 Dunbar Street to Ali Ghanipour Farahani

THAT Council authorize the Director of Real Estate Services to negotiate and execute a sublease (the “Lease”) with Ali Ghanipour Farahani (the “Tenant”) for City-leased premises situated at 3210 Dunbar Street, as shown on Appendix A to the Administrative Report dated June 25, 2013, entitled “Lease of City-owned property situated at 3210 Dunbar Street to Ali Ghanipour Farahani” legally described as PID: 027-488-195, Lot 1 Block 28, District Lot 139, Group 1, New Westminster District Plan BCP36078 (the “Subject Property”), on the following terms and conditions:

Term: Five (5) years, commencing February 1, 2014.

Area: Rentable area of approximately 1,271 square feet (the “Premises”).

Rent: Rent, inclusive of operating costs and property taxes as if levied, s. 17(1) (d) (e) & (f) and s. 21(1).

Fixturing Period:

The Tenant shall receive a s. 17(1) (d) (e) & (f) and s. 21(1) free fixturing period to construct its tenant improvements prior to the commencement of the lease. During this period, the Tenant will be responsible for maintaining insurance coverage and the payment of all utilities.

Free Rent:

The Tenant will receive s. 17(1) (d) (e) & (f) and s. 21(1) following the Fixturing Period (commencing on the first day of the lease term) as a tenant inducement. During this period the Tenant will be responsible for all utilities, the property taxes (as if levied) and operating costs s. 17(1) (d) (e) & (f) and s. 21(1).

Improvement Allowance:

Landlord will provide the Tenant with an Improvement Allowance s. 17(1) (d) (e) & (f) and s. 21(1), to assist with tenant fixturing. Source of funds: Property Endowment Fund (“PEF”).

Option to Renew:

Two – five (5) year options to renew on the same terms and conditions except rent, which is to be negotiated at the then, market rates.

Use: The Premises are to be used for a General Practitioner Doctor’s Office.

s. 17(1) (d) (e) & (f) and s. 21(1).

Other Terms and Conditions:

The Lease is to be provided on the City’s Standard Sublease Agreement, drawn to the satisfaction of the Directors of Legal and Real Estate Services, it being noted that no legal right or obligation will be created and none shall arise until the Lease is fully executed by both parties.

All rents to be credited to the PEF.

The Administrative Report dated June 25, 2013, refers.

 

Sale of a portion of City-owned land located at 377 East 2nd Avenue

A. THAT Council authorize the Director of Real Estate Services to enter into a Sale Agreement to sell a portion of City-owned leased lands at 377 East 2nd Avenue, as shown on Appendix A to the Administrative Report dated August 6, 2013, entitled “Sale of a portion of City-owned land located at 377 East 2nd Avenue”, (the “Subject Lands”), to the owner of the adjoining property, Onni GNW Holdings Corp (“Onni”), for consolidation with Onni's adjoining property legally described as Parcel Identifier: 027-789-594, Lot O, District lot 200A, Group 1, New Westminster District Plan BCP39441, having a civic address of 401 Great Northern Way (“Lot O”) for a sale price of s.17(1), which sale will be subject to the condition that the current tenant (the “Province”) agrees to surrender the Subject Lands to the City and the condition that Onni grant an offsite parking agreement with statutory right-of-way in favour of the City to be registered on title to Lot O to allow the Province use of the area for parking purposes.


B. THAT Council authorize the Director of Real Estate Services to enter into a partial surrender of lease with the Province with respect to the Subject Lands;


FURTHER THAT no legal rights or obligations shall arise or be created until all legal documentation is fully executed on terms and conditions to the satisfaction of the Directors of Real Estate and Legal Services.

The Administrative Report dated August 6, 2013 PDF, refers.

 

458 West Broadway - Lease of Ground Floor Retail Premises to A & L Market

THAT Council authorize the Director of Real Estate Services to negotiate and execute a lease (the “Lease”) between Hsuen Kun Chow dba A & L Market (the “Tenant”) and the City of Vancouver (the “Landlord”) for the portion of the ground floor commercial premises situated at 458 West Broadway, as shown on Appendix A to the Administrative Report dated August 22, 2013, entitled “458 West Broadway – Lease of Ground Floor Retail Premises to A & L Market”, legally described as PID:014-688-123, Lot A (Explanatory Plan 5498) Block 360A District Lot 526 Plan 1277 (the “Subject Property”), on the following general terms and conditions:

Term: Three (3) years commencing January 1, 2014.

Rentable Area: Approximately 6,130 square feet (the “Premises”).

Gross Rent: Rent, inclusive of an amount in lieu of property taxes and operating costs, as if levied:

Year 1: s.17(1) per annum (s.17(1) psf), net of the free rent for the s.17(1), plus GST;
Year 2: s.17(1) per annum (s.17(1) psf), net of the free rent for the s.17(1), plus GST; and
Year 3: s.17(1) per annum (s.17(1) psf), plus GST.


Use: Produce store/market


Early Termination: The Landlord may terminate the Lease upon giving the Tenant twelve (12) months prior written notice of such termination. The Landlord shall not pay to the Tenant any compensation due to such termination.


Rent Free Period: The Tenant shall be granted a total of s.17(1) free rent on s.17(1). The estimated value of the rent free period is s.17(1), plus GST. The Tenant shall be responsible for all utilities including water and heating charges during the Rent Free Period.


Other Terms: The Lease is to be provided on the City’s Standard Form of Lease for Commercial Tenants drawn to the satisfaction of the Directors of Legal and Real Estate Services, it being noted that no legal rights or obligations shall arise or be created until the lease document is fully executed by both parties.

The rent will be credited to the Property Endowment Fund (PEF).

The Report dated August 22 ,2013, refers PDF

 

Lease of City-owned property at 1670 Main Street to Kal Tire Ltd.

THAT Council authorize the Director of Real Estate Services to negotiate and execute a lease (the “Lease”) with Kal Tire Ltd. (the “Tenant”) for the City-owned property situated at 1670 Main Street, as shown on Appendix A to the Administrative Report dated September 6, 2013, entitled “Lease of City-owned property at 1670 Main Street to Kal Tire Ltd.”, legally described as PIDs: 011-087-311, 011-086-793, 011-086-807; Lot A (Reference Plan 2959) and Lots 1 and 2, all of Block 3, District Lot 200A and of Block A2, District Lot 2037, Plan 5703 (the “Subject Property”), on the following terms and conditions:

Term: Five (5) years commencing January 1, 2014.

Area: Rentable area of approximately 5,450 square feet (the “Premises”).

Gross Rent: Rent, inclusive of property taxes as if levied:

Years 1- 3: s.17(1) per annum (s.17(1)), plus GST; and
Years 4 - 5: s.17(1)per annum (s.17(1)), plus GST.

Tenant is responsible for their own operating costs and all other outgoings.

Use: Automotive oriented. Uses including mechanical repairs, tire distribution and servicing with ancillary parking.
Other Terms and Conditions: The Lease will be based on the City’s current standard form of lease for commercial tenants. Terms and conditions of the Lease are to be drawn to the satisfaction of the Directors of Legal Services and Real Estate Services, it being noted that no legal right or obligation shall arise or be created until the execution of the Lease.


All rents to be credited to the Property Endowment fund (PEF).

The Report dated September 6, 2013, refers PDF

 

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