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

 

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

 

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.