HomeMy WebLinkAboutTR-100-86 UCH . C
TOWN OF NEWCASTLE
REPORT
File # -/`l•/��'
Res. #
By-Law #
(SING. GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: December 1 , 1986
REPORT #: FILE #:TR 100 86
SMECT: COMMERCIAL LEASE AGREEMENT
MATTHEWS AND ASSOCIATES INSURANCE BROKERS LTD.
ORONO HYDRO ELECTRIC BUILDING
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
/1 06'V%
1 . That this reportibe received; and
2. That the necessary By-Law be passed, authorizing the Mayor and Clerk to
sign a rental agreement with Matthews and Associates Insurance Brokers
Ltd. ; and
3. That Matthews and Associates Insurance Brokers Ltd. be advised of
Councils actions.
BACKGROUND AND COMMENT:
Matthews and Associates Insurance Brokers Ltd. currently lease office space in the
Orono Hydro Electric Building at a monthly rate of $401 .31 . As in the past, a two
(2) year lease is proposed with a 5% increase each of the two (2) years.
A 5% increase in the montly rental from $401 .31 to $421 .38 effective January 1 , 1987
and to $442.45 effective January 1 , 1988, was suggested in a letter dated November
5, 1986 to Mr. Gary Harris. Staff have been advised that the proposed increase is
acceptable to Matthews and Associates Insurance Brokers Ltd. See Schedule "A" and
"B" attached.
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Tr-100-86
COMMERCIAL LEASE AGREEMENT
MATTHEWS AND ASSOCIATES INSURANCE BROKERS LTD.
ORONO HYDRO ELECTRIC BUILDING
The current lease expires on December 31 , 1986 and staff respectfully recommends
that the proposed rental agreement be accepted. A copy of the proposed lease is
attached marked Schedule "C".
Respectfully submitted, Recommended for presentation
to the Committee,
C
142 '
J.R. Blanchard, Lawrence E. K tseff,
Treasurer. Chief Admintytrative Officer.
/hjm
Attachments
uF M+ M SCHEDULE "A"
CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
k ��-�'f'�• L1C3A6 TELEPHONE 623.3379
November 5 , 1986.
Mr . Gary Harris ,
Matthews and Associates Insurance
Brokers Ltd . ,
Orono, Ontario .
LOB IMO
Dear Mr . Harris :
Re : Commercial Lease Agreement
Orono Hydro Electric Building
Please be advised that the above commercial Lease Agreement
expires on December 31 , 1986 .
With the concurrence of Matthews and Associates Insurance
Brokers Ltd . , I will put this matter forward to Council with
a rental increase of 5% per year, for a two (2) year lease .
This will raise the monthly rate to $421 . 38 effective January
1 , 1987 and $442 . 45 effective January 1 , 1988.
If you have any questions with respect to this lease , please
give me a call .
Your earliest written response would be appreciated .
Yours truly ,
Lou Ann Birkett ,
Purchasing and Supply Agent .
LAB/hjm
cc/ J . R . Blanchard , Treasurer
1
SCHEDULE 11E3"
Matthews Associates Harold Matthnws
Chairman
David N.Warren.fIIC
INSURANCE BROKERS LTD. President
rwy W Haiti, n f r' C'
466 George Street North, Box 1180, Peterborough, Ontario K9J 71-14 • (705) 743 -4211
November 20, 1986
Corporation of the Town of Newcastle,
40 Temperance Street,
Bowmanville, Ontario
L1C 3A6
1 131 >
raov t
1
Attention: Lou Ann Birkett
. rll
Dear Ms. Birkett:
In regard to your letter of November 5, 1986 re lease of Orono
Hydro Electric Building, we agree with the lease agreements as
quoted in your letter. Please proceed with the necessary
documentation.
Thank you for your prompt attention.
Yours truly,
Gary W. Harris, C.A. ,
Vice President
;ck
cc:Pauline Mote
Peterborough Fenelon Falls Orono Thunder Bay