District of Sechelt Regular Council Meeting Minutes March 2026
Sechelt approves Olson Electric airport lease modification
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Description
The District of Sechelt approved direction to staff to finalize a new lease modification agreement with Olson Electric for premises at 4472 Hilltop Road at the Sechelt Airport. The lease sets a rate of $4,462.77 per month ($53,553.24 annually) with annual CPI and tax-based increases over the first 10-year renewal term.
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
Initial term plus first 10-year renewal term; lease rate increased annually by Consumer Price Index and tax rate
Renewal Info
Lease modification covers a new rate structure for the Olson Electric lease at 4472 Hilltop Road, with annual increases tied to the Consumer Price Index and tax rate for the first 10-year renewal term; additional renewal options beyond this term are not specified.
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