City of Barrie - File #: 23-G-002

• File #: 23-G-002
• Version: 1
• Type: Staff Report
• Status: Carried
• File created: 12/28/2022
• In control: City Council
• On agenda: 1/18/2023
• Final action: 1/18/2023
• Title: LEASE OF CITY OWNED PROPERTY - 24 MAPLE AVENUE (WARD 2) That the Mayor and City Clerk be authorized to execute as landlord a commercial lease agreement for the former convenience store space located at 24 Maple Street in a form satisfactory to the Director of Legal Services and the Director of Corporate Facilities, subject to the following general terms and conditions: a) Lessor to be MVT Canadian Bus, the City of Barrie's current transit operator, for their use as transit operator support space; b) Approximately 500 square feet of vacant space; c) Initial 1-year term at a lease rate of $26.50 per square foot, with optional annual renewal periods subject to 2% rate escalation; and d) Agreement to include a Right of Termination clause in favour of the City to facilitate the vacancy of the space upon completion of the Allandale Transit Hub. (FAC001-23) (File: L18)

Date	Ver.	Action By	Action	Result
1/18/2023	2	City Council	Adopted
1/11/2023	1	General Committee	recommended for consideration of adoption (Section "A")

Title

LEASE OF CITY OWNED PROPERTY - 24 MAPLE AVENUE (WARD 2)

That the Mayor and City Clerk be authorized to execute as landlord a commercial lease agreement for the former convenience store space located at 24 Maple Street in a form satisfactory to the Director of Legal Services and the Director of Corporate Facilities, subject to the following general terms and conditions:

a)                     Lessor to be MVT Canadian Bus, the City of Barrie’s current transit operator, for their use as transit operator support space;

b)                     Approximately 500 square feet of vacant space;

c)                     Initial 1-year term at a lease rate of $26.50 per square foot, with optional annual renewal periods subject to 2% rate escalation; and

d)                     Agreement to include a Right of Termination clause in favour of the City to facilitate the vacancy of the space upon completion of the Allandale Transit Hub.  (FAC001-23) (File: L18)