In-camera Council meeting released decisions and reports
June 11, 2019

Neighbourhood Energy Expert Panel (“Expert Panel”)

A. THAT Liisa Brown-O’Hara be appointed to the Neighbourhood Energy Expert Panel, effective immediately, with term to end on December 31, 2023.
B. THAT Cameron Lusztig’s appointment to the Neighbourhood Energy Expert Panel be extended to December 31, 2020.

Appointments to Advisory Bodies

A. THAT Afuwa Granger be appointed to the Arts and Culture Advisory Committee, for a term to commence immediately, and end December 31, 2020.

B. THAT the Rylan Huckabone be appointed to the Children, Youth and Families Advisory Committee, representing the 14 and under age category, term to commence immediately, and end December 31, 2020.

C. THAT Robyn Chan be appointed to the Vancouver City Planning Commission, term to commence immediately, and end December 31, 2019.

The Administrative Report dated June 5, 2019, refers

Lease of a Portion of City-owned Premises at 312-324 Main Street to Pigeon Park Savings

THAT Council authorize the Director of Real Estate Services to approve terms and execute a lease (the "Lease") with Vancouver City Savings Credit Union operating as Pigeon Park Savings (the "Tenant") for premises at Unit 110 - 312 Main Street (the “Premises”) as shown in Appendix B of the Administrative Report dated June 4, 2019, entitled “Lease of a Portion of City-owned Premises at 312-324 Main Street to Pigeon Park Savings”, which Premises are located within a City-owned property situated at 312-324 Main Street shown as the “Subject Property” (“312 Main Street”) in Appendix A of the above-noted report, and legally described in Appendix C of the same report, all on the following terms and conditions:

Lease Area of Premises: Approximately 3,010 square feet.

Term: Ten (10) years commencing July 1, 2020 and ending on June 30, 2030 (the “Term”).

Possession Date: March 1, 2020

Fixturing: s.17(1) rent free (with the exception of utilities, maintenance, and insurance charges) commencing on the Possession Date, during which to install the Tenant’s fixtures.

Rent:

Basic Rent is as follows:
Year 1-5 s.17(1) annually s.17(1) PSF / year)
Year 6-10 s.17(1) annually s.17(1) PSF / year) plus GST.

Additional Rent: s.17(1) PSF Year 1 (Proportionate Share of Building Operating Costs) (collectively the “Rent”)

Use: The provision of retail banking services for marginalized citizens in the Downtown Eastside.

Renewal Option: One (1) further option to renew for five (5) years (the “First Renewal Term”) on the same terms and conditions save and except the Rent, to be negotiated at market rates.

Tenant Inducement: s.17(1) Basic Rent Free (value of s.17(1))

Other Terms and Conditions: 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 Directors of Legal and Real Estate Services, it being noted that no legal right or obligations shall arise or be created until the Lease is fully executed by both parties.

The Report dated June 4, 2019, refers.

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