Prince Township Approves Federal Lease for Gros Cap Marina
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Description
Prince Township Council approved a five-year lease agreement for Gros Cap Marina lands with the Government of Canada (Minister of Fisheries and Oceans) with rent set at $500/year or 20% of gross revenue. Lease term is June 1, 2026 to May 31, 2031.
Contract Details
Contract Amount
$500 per annum or 20% of gross revenue plus taxes (whichever is greater)
Vendor
HIS MAJESTY THE KING IN RIGHT OF CANADA AS REPRESENTED BY THE MINISTER OF FISHERIES & OCEANS & THE CANADIAN COAST GUARD
Agency
Township of Prince, Canada
Contract Type
FACILITIES
Document Date
June 9, 2026
Contract Term
June 1, 2026 to May 31, 2031 (5 years)
Renewal Date
2031-05-31
Renewal Info
Lease may be renewed or terminated under specified conditions; tenancy holds over on a month-to-month basis if not renewed formally.
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