HomeMy WebLinkAboutCOD-001-13 Clarftwn REPORT
CORPORATE SERVICES DEPARTMENT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
Date: February 25, 2013 Resolution#: -1 -1 By-law#:
Report#: COD-001-13 File#:
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-001-13 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$19,488.00 per year
for the term of February 1, 2013 to January 31, 2016 be approved; and
3. THAT the Mayor and the Clerk be authorized to execute the lease extension
agreement with the Theatre Dance Academy satisfactory to the Municipal
Solicitor.
Submitted by: Reviewed by:
Marie Marano,
H.B.Sc., Franklin Wu,
AMCT, Chief Administrative Officer
Director of Corporate
Services
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L1C 3A6 T 905-623-3379
REPORT NO.: COD - 001 -13
1.1 Theatre Dance Academy has been a tenant at the Courtice Community Complex
since 2003 leasing 1,600 square feet of space for the operation of a Dance
Academy.
1.2 The owner of Theatre Dance Academy has expressed an interest in and agreed
to an extension of the current lease for a period of three (3) years commencing
February 1, 2013 to January 31, 2016. A nominal 3.7% increase over the
existing rate of $18,800.00 per year is proposed; thereby increasing the annual
price to $19488.00 per year or $12.18 square feet. This rate is fixed for the full
three (3) year term.
2. COMMENTS
2.1 There has been little change in market conditions since the last lease renewal
and it is staff's recommendation that the offer to extend the lease be accepted.
3. CONCURRENCE
3.1 This report has been reviewed by Joseph Caruana, Director of Community
Services who concurs with the recommendation.
4. CONCLUSION
4.1 Theatre Dance Academy has expressed an interest in extending the lease for a
further three (3) year period and as there is no known need for the leased area
for the period ending 2016 it is recommended that the lease be extended.
CONFORMITY WITH STRATEGIC PLAN — Not Applicable
Staff Contact: Jerry Barber, Manager of Purchasing
List of interested parties - NONE
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L1C 3A6 T 905 - 623 -3379