In-camera Council meeting released decisions and reports
February 4, 2014

#110 – 750 Hamilton St. – Sublease of CBC Cultural Amenity Space and Approval of Capital Grant

A. THAT Council approve a capital grant of up to $1,000,000 to PuSh for basic capital improvements to the Premises, subject to the terms and conditions necessary to complete the fit out of the Premises to the satisfaction of the Managing Director of Cultural Services and the Director of Facilities Planning and Development, to be added to the 2014 Capital Budget without offset. Source of funds to be the Community Amenity Cash Contribution from the 2011 TELUS Garden Rezoning at 555 Robson Street, 775 Richards Street, 520 West Georgia Street. Any funds not required for the basic capital improvements to be held in a Facility Reserve Fund for future capital expenses for the Premises.

B. THAT no legal rights or obligations be created or arise by Council’s adoption of A and B until the Sublease has been executed by all parties and the terms and conditions of the capital grant are finalised.

The related report remains sensitive and is not to be released at this time.

Additional funding for Building Improvements for the City-owned property at 281 Industrial Avenue

THAT Council approve the request for additional funding to complete mandatory building improvements at the City-owned property located at 231 - 281 Industrial Avenue, legally described as Parcel Identifiers: 010-622-187, 010-622-195, 010-622-209, 010-622-233, Lots 34-37, Block A2 District Lot 2037 Plan 7419, Parcel Identifiers: 011-087-307, 011-087-315, 011-087-323, Lots 38-40, Block A2 District Lot 2037 Plan 5703 (the “Subject Property”) as shown on Appendix A of the Administrative Report dated January 21, 2014, entitled “Additional funding for Building Improvements for the City-owned property at 281 Industrial Avenue”, in the amount of s.17(1) plus GST. Funding to be provided through budget reallocation from PEF capital projects that have been completed with surplus funding remaining.

The Report dated January 21, 2014, refers.

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