HomeMy WebLinkAboutCS-X 1981-07-27 to Council VJUA
R E P O R T
TO: Mayor G. B. Rickard and Members of Council
FROM: Thomas A. Fanning, R.'D. M. R.
Director, Department of Community Services
DATE: July 27, 1981
SUBJECT: Resolution #CS-128-81
Lease of Park Depot
4
Mayor Garnet B. Rickard and the Director of Community Services , Thomas
A. Fanning met with Mr. Harry Locke on Thursday, July 23rd, 1981
regarding leasing the Park Depot.
Mr. Locke has agreed to the following rental of his. property which is
(4,160) square feet.
July 1st, 1981 to
January 1st, 1982
The rental fee i%s
per square foot.
months the rental
of ($8,400.00) fo
December 31st, 1981 ($650.00) monthly. From
to December 31st, X38.p;�, ($700.00) monthly.
If
($650.00) for six (6) months, based on ($1.88)
On a basis of ($700.00) monthly for twelve (12)
fee is based on ($2.02) per square foot for a total
r .the year 1982.
The totalcost of rental would be ($7,500.00) for the year 1981. The
total budget on use -of the building including lights and heat is
($10,600.00) .
Recommendation:
That the report of the Director of Community Services dated 'July 27th ,
1981 be approved.
That staff be authorized to prepare a lease agreement respecting the
lease of the Parks Depot from Mr. Harry Locke.
That the lease be for a term of six (6) months at a cost of ($3,900. )
payable monthly from July 1st, 1981 to December 31st, 1981. That the
lease for a term of eighteen (18) months at a cost of ($12,600. )
payable monthly from January 1st, 1982 to June 30th , 1983.
That the Mayor and Clerk be authorized to execute the agreement on
behalf of the Town of Newcastle, and further, that Mr. Harry Locke,
owner, of the land be so advised.
TAF/sa