In-camera Council meeting released decisions and reports
June 27, 2017
Updated: April 18, 2023
Lease of Premises Located at 450 SW Marine Drive
Proposed Sub-Sublease of City-owned Premises Situated at 691 East Broadway to Ba-Le Deli and Bakery Ltd.
THAT Council authorize the Director of Real Estate Services to execute a sub-sublease (the “Lease”) to Ba-Le Deli and Bakery Ltd. (“Ba-Le” or the “Tenant”) for the City-owned property with a civic address of 691 East Broadway, being premises within a building on property legally described as PID: 028-721-942, Lot A, Block 119, District Lot 264A, Group 1, New Westminster District Plan BCP 49417, outlined in red in Appendix A of the Administrative Report dated May 15, 2017, entitled “Proposed Sub-Sublease of City-owned Premises Situated at 691 East Broadway to Ba-Le Deli and Bakery Ltd.” (the “Premises”) on the following general terms and conditions:
Term: Ten (10) years commencing December 1, 2017.
Option to Renew: Three (3) options to renew in favour of Ba-Le for an additional five (5) year term each, on the same terms and conditions provided herein except rent, which is to be negotiated at the then market rates as a condition of the Lease renewal.
Lease area: 1,980 square feet.
Total Rent: A total rent, inclusive of common area maintenance, parking and building insurance costs (the “Rent”) based on the following rates:
Per Month Per Annum (per sq.ft.) Year 1 & 2 s.17(1) Year 3 & 4 Year 5 & 6 Year 7 & 8 Year 9 & 10 Tenant Inducements: Cash Allowances – Nil
Fixturing Allowance - s.17(1) month fixturing period to demise and construct its tenant improvements. The fixturing period commences on July 1, 2017. Ba-Le s.17(1) but will be responsible for payment of all its utility costs.s.17(1)
Parking: The total Rent will include the exclusive use of two (2) parking stalls for Ba-Le used during the Lease. Two additional parking stalls will be licensed on a month to month basis until they are needed for future tenants of the building.
Use: Deli, bakery and light meal eatery.
Utilities: Ba-Le will be responsible for the cost of all utilities located within the Premises. These expenses are not included in the Rent.
Other Terms: The Lease is to be provided on the City’s current standard form of lease for commercial tenants in this building. 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. The Tenant is responsible for the costs of regular service, maintenance, repair and replacement of the HVAC units that exclusively serve the Premises.
Realtor Commission: s.17(1) to be paid to Tenant realtor representative.
The Report dated May 15, 2017, refers 