HomeMy WebLinkAboutTR-72A-83 W,5
CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
• L1C3A6 TELEPHONE 623-3379
REPORT TO GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING
HELD NOVEMBER 7, 1983
TR - 83 - 72A
SUBJECT: AMENDED LEASE AGREEMENT: HARRY LOCKE
RECOMMENDATION:
It is respectfully recommended:
1 . that this report be received; and
2. that the Mayor and Clerk are hereby authorized to execute on behalf of the
Corporation of the Town of Newcastle and seal with the Corporation Seal , a
lease agreement, between Harry Locke and the Corporation for the property
situated at the southwest corner of Martin Road and Highway 2 (Parks and
Recreation Depot) ; and
3. that the attached by-law be forwarded to Council for approval .
BACKGROUND AND COMMENT
An amended offer to lease submitted by Harry Locke for the Parks and Cemeteries
facility in Bowmanville was obtained in accordance with a recent request by Council .
The previous lease expired on June 30, 1983, with a monthly rate of $700 per month.
The negotiated lease specifies a rate of $735 per month for the first year. The Town
also has the option to negotiate a further one or two year term immediately after the
expiration date of June 30, 1984.
I
An investigation of local commercial property revealed that the proposed lease
rates with Mr. Locke is comparable with other rates charged in the area.
Staff recommends to Council to accept the conditions as negotiated.
Respectfully submitted,
i
/"-,Kathryn A. Campbell , C.A. , B. Comm.
Treasurer ^
1
T.A. Fanning �p
Director of Community Services
KAC/TAF/lb