The Corporation of the County of Prince Edward Committee of the Whole Agenda May 2024
Five-Year Lease of Athol Town Hall to The HUB for Childcare
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Description
The County of Prince Edward is set to enter a five-year, no-fee lease with The HUB Child & Family Centre for shared use of Athol Town Hall as a childcare centre, pending Ministry of Education approval. The HUB will be responsible for all required facility renovations and ongoing operating costs related to their use.
Contract Details
Contract Amount
No lease fee for term; potential rental fee after Year 1 if operating costs impacted
Vendor
HUB CHILD & FAMILY CENTRE
Agency
County of Prince Edward, Canada
Contract Type
FACILITIES
Document Date
May 23, 2024
Contract Term
Five years (anticipated June 2024 – June 2029)
Renewal Date
2029-06-01
Renewal Info
Lease may be renegotiated after the five-year term; the County reserves the right to review and revise lease fees after year one based on operating cost impacts. Termination provisions included for non-compliance or material changes.
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