HomeMy WebLinkAboutCOD-002-08
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REPORT
CORPORATE SERVICES DEPARTMENT
Meeting:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
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Date:
January 21, 2008
Report #: COD-002-08
File#_
By-law #CJ oe8-() 17
Subject:
Theatre Dance Academy - Lease Extension
Courtice Community Complex
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report COD-002-08 be received;
2. THAT the Lease Extension from the Theatre Dance Academy for the lease of space in
the Courtice Community Complex in the amount of $18,800.00 per year for the term of
February 1, 2008 to January 31, 2013 be approved; and
3. THAT the attached By-law marked Schedule "A" authorizing the Mayor and the Clerk to
execute the lease agreement with the Theatre Dance Academy be forwarded to Council
for approval.
RevieWedby:d.~ ~
Franklin Wu,
Chief Administrative Officer
J h P. Caruana,
i~ ctor of Community Services
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L 1C 3A6 T(905)623-3379 F (905)623-4169
REPORT NO.: COD-002-08
PAGE 2
BACKGROUND AND COMMENT
The Theatre Dance Academy owner has expressed an interest in and agreed to an
extension of the current lease for a period of five (5) years commencing February 1,
2008 to January 31,2013. A nomina/6.8% increase over the existing rate of
$17,600.00 per year is proposed; thereby increasing the annual price to $18,800.00 per
year or $11.75 square feet. This rate is fixed for the full five (5) year term.
As there has been very little change in the market conditions since last year, it is staff's
recommendation that the offer be accepted.
Attachments:
Attachment 1 - Schedule "A", By-law
Schedule "A"
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW 2008-
Being a By-law to authorize the execution of a lease
Extension Agreement between the Corporation of the
Municipality of Clarington and the Theatre Dance Academy in
respect of a lease for space located in the Courtice
Community Complex, Courtice, Ontario.
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON HEREBY ENACTS AS
FOllOWS:
1. THAT the Mayor and Clerk are hereby authorized to execute, on behalf of the
Corporation of the Municipality of Clarington and seal with the Corporation Seal, a
Lease Agreement with Theatre Dance Academy and said Corporation; and
2. THAT the contract attached hereto as Schedule "A" form part of this By-law.
By-law read a first and second time this day of
,2008.
By-law read a third time and finally passed this
day of
,2008.
Jim Abernethy, Mayor
Patti l. Barrie, Municipal Clerk