FACILITIESAPPROVED

Village of Kaslo Awards Facilities Contract to Kootenay Lake Independent School Society (August 2026)

The Village of Kaslo will enter into a 10‑year nominal‑rent, absolute triple‑net lease with the Kootenay Lake Independent School Society for the Vimy Park Pavilion premises, starting December 1, 2026. The Society will operate a childcare centre and assume full responsibility for utilities, maintenance, capital renewal, and insurance, with rent starting at $400 per year and increasing 3% annually for the first five years.

Document date · August 11, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
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Scope & details

The full contract record, as filed.

Contract amount
$400 per year, increasing 3% annually for first five years; indicative fair market rent $18,000–$31,600 per year
Contract type
FACILITIES
Contract term
December 1, 2026 – November 30, 2036, with option to renew for a further 10-year term
Renewal date
2036-11-30
Renewal
Initial 10‑year term from December 1, 2026 to November 30, 2036, with Tenant option to renew for one additional 10‑year term on the same terms and conditions, excluding the renewal clause itself. Either party may terminate early with at least six months’ written notice or by mutual written agreement.
Document type
Agenda
Source document
Village of Kaslo Regular Council Meeting Agenda 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Village of Kaslo?

Kootenay Lake Independent School Society was awarded this facilities contract by Village of Kaslo, as recorded on August 11, 2026. The contract value is $400 per year, increasing 3% annually for first five years; indicative fair market rent $18,000–$31,600 per year.

How much is the Kootenay Lake Independent School Society contract with Village of Kaslo worth?

The Kootenay Lake Independent School Society contract with Village of Kaslo is valued at $400 per year, increasing 3% annually for first five years; indicative fair market rent $18,000–$31,600 per year, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Village of Kaslo Regular Council Meeting Agenda 2026-08-11 (Agenda), dated August 11, 2026 from Village of Kaslo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kootenay Lake Independent School Society hold?

Kootenay Lake Independent School Society may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Kootenay Lake Independent School Society's profile

What is Village of Kaslo currently buying?

Explore Village of Kaslo's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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