In-camera Council meeting released decisions and reports
November 6, 2013

Lease of City-owned property at 1065 Seymour Street to Royalty Group Realty Inc.

THAT Council authorize the Director of Real Estate Services to negotiate and execute a lease (the “Lease”) with Royalty Group Realty Inc. (the “Tenant”) for the City-owned premises situated at 1065 Seymour Street, as shown on Appendix A to the Administrative Report dated October 21, 2013, entitled “Lease of City-owned property at 1065 Seymour Street to Royalty Group Realty Inc.”, legally described as PID: 014-388-456; Lot C Block 83 District Lot 541, Plan VAP 22353 Land District 36 (the “Subject Property”), on the following terms and conditions:

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

Rentable Area: Approximately 2,137 square feet (the “Premises”).

Gross Rent: Rent, inclusive of an amount in lieu of property taxes and operating costs, as if levied, s.17(1) per annum s.17(1), plus applicable GST.

Use: The Premises are to be used as a Real Estate Brokerage Office.

Fixturing Period: The Tenant shall receive a s.17(1) month rent 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) months free rent 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 maintaining insurance coverage and the payment of all utilities.

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 current market rates.

Brokerage Commission: The City to waive one month rent in the amount of s.17(1) plus applicable GST to Royalty Group Realty Inc.

Other Terms and Conditions: The Lease is to be provided 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 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 Property Endowment Fund (PEF).

The Report dated October 21, 2013, refers.

Lease of a portion of City-owned property at 455 Industrial Avenue to All Tech Transport Ltd., dba Busters Towing

THAT Council authorize the Director of Real Estate Services to negotiate and execute a lease (the “Lease”) with All Tech Transport Ltd., dba Busters Towing (the “Tenant”) for a portion of the City-owned premises situated at 455 Industrial Avenue, as shown on Appendix A to the Administrative Report dated October 21, 2013, entitled “Lease of a portion of City-owned property at 455 Industrial Avenue to All Tech Transport Ltd., dba Busters Towing”, legally
described as PID: 005-497-141, Lot A (Statutory Right of Way Plan 18236) Except: Part in Plan LMP33893; of Lot H, District Lot, 2037 Group 1, Plan 7729
(the “Subject Property”), on the following terms and conditions:

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

Area: Rentable area 3,698 sq. ft. of office space and approximately 106,000 sq. ft. of yard space (the “Premises”).

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

Years 1-2: s.17(1) per annum, plus GST.
Years 3-4: s.17(1) per annum, plus GST.
Year 5: s.17(1) per annum, plus GST.

Tenant is responsible for all regular routine maintenance, operating and utility costs serving the Premises.

Use: Office and vehicle storage.

Option to Renew: One-five (5) year option to renew on the same terms and conditions, save and except rent, which is to be negotiated at
the then market rates, and provision of a one (1) year demolition clause should the property be required for municipal purposes.

Other Terms and Conditions: The Lease will be based on the City’s Standard Commercial Lease Agreement. Terms and conditions of the Lease are to be drawn to the satisfaction of the Directors of Legal and Real Estate Services, it being noted that no legal rights or obligations will be
created and none shall arise until the lease document is fully executed by both parties.

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

The Report dated October, 21, 2014, refers.

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