City of Salmon Arm Development and Planning Services Committee Agenda December 2024
Twenty-Five Year Rental Housing Deal with Crowne Pacific
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Description
Crowne Pacific Development Corporation and the City of Salmon Arm will enter into a housing agreement securing purpose-built rentals for 25 years at 821 and 861 28 Street NE. This is subject to council approval of a new bylaw and registration of title covenants.
Contract Details
Vendor
CROWNE PACIFIC DEVELOPMENT CORPORATION
Agency
City of Salmon Arm, Canada
Contract Type
PROFESSIONAL_SERVICES
Document Date
December 16, 2024
Contract Term
No less than 25 years from date of occupancy
Renewal Info
Agreement and Section 219 covenant require rental restriction for a minimum of 25 years. Continuation or new agreement after term not specified.
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