In-camera Council meeting released decisions and reports
November 25, 2014

 

2014-2016 Memorandum of Agreement between the Vancouver Police Board and the Vancouver Police Officers’ Association

THAT the Memorandum of Agreement covering employees represented by the Vancouver Police Officers’ Association (VPOA) for the period January 1, 2014, to December 31, 2016, be approved.

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

 

Lease Renewal of City Owned Property at 1670 West 5th Avenue

THAT Council authorize the Director of Real Estate Services to negotiate and execute a lease renewal (the “Lease”) with Bordignon Marble & Granite Ltd. (the “Tenant”) for City owned premises situated at 1670 West 5th Avenue, as shown on Appendix A of the Administrative Report dated October 28, 2014, entitled “Lease Renewal of City Owned Property at 1670 West 5th Avenue”, legally described as PID: 015-220-893 and 015-220-915 Lots 17 & 18 except the Vancouver and Lulu Island Railway R.O.W. shown on miscellaneous Plan 218, block 269, DL 526, Plan 590 and PID: 015-221-059 and 015-221-075 Lots 3 & 4, Block 269, DL 526, Plan 590 (the “Subject Property”) on the following terms and conditions;


Term: Two (2) years and nine (9) months, commencing April 1, 2015.

Rentable Area: Approximately 10,467 square feet (the “Premises”).

Total Rent:

Year 1: s.17(1) gross rent per annum (s.17(1) per square foot) plus applicable GST;
Year 2: s.17(1) gross rent per annum (s.17(1) per square foot) plus applicable GST;
Year 3: s.17(1) gross rent for 9 months (s.17(1) per square foot) plus applicable GST.

Rent is inclusive of building insurance.

Taxes: No taxes are collected as the property is exempt.

Use: Office/Showroom and Manufacturing/Warehouse.

Option to Renew: None.

Termination terminate Clause: Both the Landlord or the Tenant has the right to the lease upon giving three (3) months written notice of termination.

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 shall arise until the Lease is fully executed by both parties.

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

The Administrative Report dated October 24, 2014, refers PDF

 

Broadway Rapid Transit Project - Strategic Land Acquisition: Purchase of Portion of Lot Q, 525 Great Northern Way

 

Sub-sublease of City Premises Situated at 651-691 East Broadway to La Boussole Centre Communautaire Societe

THAT Council authorize the Director of Real Estate Services to execute a sub-sublease to La Boussole Centre Communautaire Societe (the “Tenant”) for a portion of the City owned property situated at 651-691 East Broadway (the “Premises”), legally described as Parcel Identifier: 028-721-942, Lot A, Block 119, District Lot 264A, Group 1, New Westminster District, Plan BCP 49417, on the following general terms and conditions:

Term: Five (5) years commencing January 1, 2015 with an option for an additional five (5) year term on the same terms and conditions except rent, which is to be negotiated at market rates.


Rentable Area: Approximately 2,284 square feet.

Rent: A total rent, inclusive of common area maintenance and building insurance costs (the “Rent”), is as follows:

Year 1 - s.17(1) /annum plus s.17(1) GST psf)

Year 2 - s.17(1)/annum plus s.17(1) GST psf)

Year 3 - s.17(1)/annum plus s.17(1) GST psf)

Year 4 - s.17(1)/annum plus s.17(1) GST psf)

Year 5 - s.17(1)/annum plus s.17(1) GST psf).

Fixturing Period: The Tenant will receive a s.17(1) fixturing period to install its tenant improvements. The tenant will not pay any Rent during the fixturing period.

Free Rent: The Tenant’s s.17(1) of Rent will be reduced by s.17(1) as a tenant inducement.

Improvement Allowance: The Landlord will provide the Tenant with an improvement allowance of s.17(1) psf, s.17(1) inclusive of GST, to assist with tenant fixturing. A tenant improvement budget was approved as part of the 2014 PEF Capital Budget.

Parking: The Rent will include the exclusive use of two (2) parking stalls for the Tenant.

Use: Francophone Community Centre.

Other Terms: The lease is to be provided on the City’s standard Sub-sublease agreement, drawn to the satisfaction of the Directors of Legal and Real Estate Services, it being noted that no legal right or obligation is created and none shall arise until the Sub-sublease document is fully executed by both parties.

Rent to be credited to the Property Endowment Fund (“PEF”).

The Report dated November 13, 2014, refers.

 

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