In Camera Council Meeting
May 30, 2017 - Decisions and Reports Released

Updated March 31, 2022

Appointments to Civic Agencies and Committees

A. THAT the following individuals be appointed to the PNE Board of Directors, terms to commence June 1, 2017, and end May 31, 2021:

• Jackie Hogue
• Anita Zaenker

B. THAT Michelle Lee-Hunt be appointed to the Active Transportation Policy Council, term to commence immediately and end November 4, 2018.

Proposed Lease between the City of Vancouver and Majestic Furniture Ltd. at 2141 Burrard Street

THAT Council authorize the Director of Real Estate Services to negotiate and
execute a lease (the “Lease”) with Majestic Furniture Ltd., (the “Tenant”) for
premises at 2141 Burrard Street, as shown on Appendix A of the Administrative
Report dated May 24, 2017, entitled “Proposed Lease between the City of
Vancouver and Majestic Furniture Ltd. at 2141 Burrard Street” (the
“Premises”), located within a City owned property situated at 2141 – 2151
Burrard Street and 1830 – 1836 W 5th Avenue, legally described as


PID: 015-222-659, 015-222-675, 015-222-683, 015-222-705 & 015-222-926, Lots
7, 8, 9, and south 40 feet of Lot 10, Lot A (Explanatory Plan 5233), Block 267
, Lot 14 except ROW shown of Misc. Plan 218, Block 267, District Lot 526, Plan
590, (the “Property”) on the following terms and conditions:


Term: Five (5) years commencing June 1, 2017.


Option to Renew: One five (5) year option to renew on the same terms and
conditions save and except the rent, which is to be negotiated at
market rates.


Lease Area: Total lease area of 3,412 square feet (2,975 square feet of
retail/showroom, plus 437 square feet of storage).


Total Rent: Years 1 – 5, s. 17(1)   per annum or s. 17(1)   per month plus GST.
(Averaged rate is s. 17(1)   per square foot of which 2,975 SF is retail/showroom at s. 17(1)   per square foot, plus 437 SF storage at s. 17(1)   per square foot). Total rent is inclusive of Common Area Maintenance charges including utilities, janitorial and recycling, grounds and landscaping, general security, and insurance costs.


Tenant Inducements: Cash Allowances - Nil.


Rental Allowances - s. 17(1)  


Use: Retail/showroom/storage.


Early Termination: Twelve (12) months written notice by Landlord.


Other Terms: 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 to the satisfaction of the Director of Legal
Services, it being noted that no legal right or obligations 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 May 24, 2017 PDF, refers.

 

946-950 Main Street Lease Terms

 

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