District of Sechelt Regular Council Meeting Minutes March 2026
Sechelt Prepares New Airport Lease With Olson Electric
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Description
The District of Sechelt directed staff to prepare a new lease modification agreement with Olson Electric for property at 4472 Hilltop Road at the Sechelt Airport at a rate of $4,462.77 per month ($53,553.24 annually), with annual CPI and tax-based increases. The lease covers the first 10-year renewal term and will proceed following completion of the statutory Notice of Disposition process.
Contract Details
Contract Amount
$4,462.77 monthly; $53,553.24 annually
Vendor
OLSON ELECTRIC
Agency
District of Sechelt, Canada
Contract Type
FACILITIES
Document Date
March 11, 2026
Contract Term
New lease at 4472 Hilltop Road with first 10-year renewal term; annual increases based on Consumer Price Index and tax rate
Renewal Info
First 10-year renewal term for Olson Electric lease at 4472 Hilltop Road, with annual increases based on Consumer Price Index and tax rate. New lease modification agreement to be executed following Notice of Disposition and Council reporting.
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