District of Sechelt Regular Council Meeting Minutes March 2026
Sechelt Renews Airport Lease with Olson Electric
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Description
The District of Sechelt approved a new CPI-adjusted lease rate for Olson Electric’s 10-year renewal term at 4472 Hilltop Road at the Sechelt Airport. Staff will prepare a lease modification agreement, issue a Notice of Disposition, and report back on any public responses.
Contract Details
Contract Amount
$4,462.77 monthly or $53,553.24 annually, increasing at the Consumer Price Index rate each year
Vendor
OLSON ELECTRIC
Agency
District of Sechelt, Canada
Contract Type
FACILITIES
Document Date
March 11, 2026
Contract Term
First 10-year renewal term for the lease at 4472 Hilltop Road at the Sechelt Airport
Renewal Info
First 10-year renewal term with annual increases at the Consumer Price Index rate; lease modification agreement to confirm new rate and add property tax payment requirement; new Notice of Disposition to be issued under Community Charter sections 24 and 94.
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