The City of Campbell River (the City) intends to enter into the following agreements at:
1220 Shoppers Row
- 5-year land lease that will terminate on May 31, 2031, to the Tidemark Theatre Society, for a fee of $1.00.
- The current fair market value for a lease of the building is $415,421.00 per annum.
- The total assistance to be provided to the Tidemark Theatre Society by way of rent abatement is $415,421.00 per annum.
2131 Island Highway South
- 5-year land lease that will terminate on June 30, 2031, to the Campbell River Arts Community Council, for a fee of $1.00.
- The current fair market value for a lease of the building is $27,000.00 per annum.
- The total assistance to be provided to the Campbell River Arts Community Council by way of rent abatement is $27,000.00 per annum.
1235 Shoppers Row
- 5-year land lease that will terminate on August 31, 2031, to the Campbell River & District Public Art Gallery, for a fee of $1.00.
- The current fair market value for a lease of the building is $53,685.00 per annum.
- The total assistance to be provided to the Campbell River & District Public Art Gallery by way of rent abatement is $53,685.00 per annum.
621 Island Highway
- 5-year land lease that will terminate on July 31, 2031, to the Campbell River Maritime Heritage Society, for a fee of $1.00.
- The current fair market value for a lease of the building is $307,560.00 per annum.
- The total assistance to be provided to the Campbell River Maritime Heritage Society by way of rent abatement is $307,560.00 per annum.
The City will remain the registered, fee-simple owner of the lands described above. This notice is given pursuant to Sections 24 and 26 of the Community Charter.
For more information, email info@campbellriver.ca or call 250.286.5700.