Village of Gold River Agenda Packet 2026-06-01
Gold River considers five-year court lease renewal
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Description
The Village of Gold River is asked to renew Lease #426 with His Majesty the King in Right of the Province of British Columbia (Ministry of Infrastructure) for 1,406 square feet at 499 Muchalat Drive for a five-year term starting September 1, 2026, including a 2% annual rent increase. The renewal would maintain a stable government tenancy and provide predictable rental revenue to the Village.
Contract Details
Vendor
HIS MAJESTY THE KING IN RIGHT OF THE PROVINCE OF BRITISH COLUMBIA MINISTRY OF INFRASTRUCTURE
Agency
Village of Gold River, Canada
Contract Type
FACILITIES
Document Date
June 1, 2026
Contract Term
Five (5) year term commencing September 1, 2026, with an annual rent increase of 2%
Renewal Date
2031-09-01
Renewal Info
Province has exercised its option to renew Lease #426 for an additional five-year term starting September 1, 2026; renewal to be on substantially similar terms with rent renegotiated and a 2% annual escalation.
Vendor
HIS MAJESTY THE KING IN RIGHT OF THE PROVINCE OF BRITISH COLUMBIA MINISTRY OF INFRASTRUCTURE
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