The City of Campbell River (the City) intends to enter into the following agreements:

Campbell River Airport

25-year lease that will terminate on January 31, 2050, with the option to renew for 3 further terms of 25-years, to 1515962 B.C. Ltd., for an initial rent of $3.46/m²  ($30,136.60 annually) plus GST (Lease Area 25, 8,710 m², Plan EPP143350). 

#1414, 1400 Ironwood Street                                                                                                                                     

3-year building lease that will terminate on December 31, 2027, to the Campbell River Seniors’ Centre, for a fee of   $1.00. The current fair market value for a lease of the building is $91,200.00 per annum. The total assistance to be provided to the Campbell River Seniors’ Centre by way of rent abatement is $91,200.00   per annum.

 The City will remain the registered, fee-simple owner of all lands and buildings described above.

 This notice is given pursuant to Sections 24 and 26 of the Community Charter.

 Questions? Please contact:                                                                                                                                                                     T: 250.286.5700 E: info@campbellriver.ca