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COLLIER CENTRE - LEASE OF CITY RIGHT OF WAY FOR PRIVATE OUTDOOR PATIOS (WARD 2)
1. That the Mayor and Clerk be authorized to enter into a lease agreement with the Mady Development Corporation for the construction, use and maintenance of City right of way on the east side of Mulcaster Street for proposed outdoor patios.
2. That the following be included as the terms and conditions of such lease:
a) That a total of 1,274 square feet (SF) of City land be leased as identified in Appendix "A" to Staff Report PLN032-14;
b) That the lease rate be established at $0.50/SF per month, subject to yearly increases and in accordance with the Consumer Price Index;
c) That the lands be leased for a term of 15 years;
d) That upon termination of the lease, Mady be responsible for reinstatement of the City right-of-way to the satisfaction of the City;
e) That Mady provide proof of liability insurance in the amount of a minimum of $2M per occurrence, with a general aggregate of not less than $5M, naming the City as additional insured; and
f) That Mady be responsible for all maintenance (snow removal/annual general maintenance) of the City right-of-way on the east side of Mulcaster, between Worsley Street and Collier Street.
3. That By-law 2008-212, a by-law to regulate the clearing away and removal of snow and ice from the sidewalks in front of, alongside of, or at the rear of buildings or vacant lots in the downtown by the private business owners, be amended by adding "East side of Mulcaster Street, between Collier Street and Worsley Street" to Section 3.0.0.0.0 of the By-law entitled "Geographic Boundaries".
4. That the revenue be recognized as general tax revenue. (PLN032-14) (File: D18-COL)