FACILITIESAPPROVED

North Dundas Township Council Meeting Agenda Packet February 2026

Township Renews Hydro One Lease with Higher Rent

Base rent at $12.50 per square foot (14,773.40 sq ft), plus annual CPI adjustments; approximately $65,000 annual rent increaseTownship of North DundasHYDRO ONE NETWORKSFebruary 25, 2026

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Description

North Dundas Council, through By-law 2026-24, authorizes an amending lease agreement with Hydro One Networks Inc. for office space at 636 St. Lawrence Street. The five-year renewal from November 1, 2025 to October 31, 2030 increases rent to $12.50 per square foot with annual CPI adjustments and includes options for a further five-year extension.

Contract Details

Contract Amount

Base rent at $12.50 per square foot (14,773.40 sq ft), plus annual CPI adjustments; approximately $65,000 annual rent increase

Vendor

HYDRO ONE NETWORKS

Agency

Township of North Dundas, Canada

Contract Type

FACILITIES

Document Date

February 25, 2026

Contract Term

Five-year lease renewal from November 1, 2025 to October 31, 2030, with an additional optional five-year renewal to October 31, 2035

Renewal Date

2030-10-31

Renewal Info

Term renewed for five years from November 1, 2025 to October 31, 2030 as the Fifth Renewal Period, with a further option for a five-year Seventh Renewal Period from November 1, 2030 to October 31, 2035 under similar terms except rent and the renewal option itself. Rent is subject to annual CPI-based increases each October 31.