Loyalist Township Agenda Packet 2026-06-09
Council Approves Daycare License Agreement with BGC South East
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Description
Loyalist Township Council approved a 5-year license agreement with BGC South East for exclusive use of space at the former Leisure & Activity Centre to operate 49 new licensed childcare spaces. The arrangement generates $45,600 annually in license revenue, with annual 2% escalations and potential multi-term renewals. BGC South East is responsible for improvement costs and program operations.
Contract Details
Contract Amount
$45,600 annually ($12.00/sq. ft. for 3,800 sq. ft. indoor space), increases 2% per year
Vendor
BGC SOUTH EAST
Agency
Township of Loyalist, Canada
Contract Type
OTHER
Document Date
June 9, 2026
Contract Term
5-year agreement with two 5-year renewal options; 6 month termination clause
Renewal Date
2031-06-09
Renewal Info
Two 5-year renewal options following the initial 5-year term; license fee escalates 2% yearly; 6-month termination clause applies; BGC responsible for all renovations and operational compliance.
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