To be introduced by Jeremy Holm, Subdivision Approval Manager and Approval Officer.
Purpose: To respond to Council’s request to explore opportunities for granting longer-term lease agreements to various arts organizations in the City.
Recommendation: That the Finance & Audit Committee recommends that Council direct Staff to utilize a 10 year term of occupancy, with the option to renew for 10 additional years at the City’s discretion, as the standard for future co-management and lease agreements related to City-owned cultural facilities such as the Port Theatre, Nanaimo Museum, Vancouver Island Military Museum, Nanaimo Art Gallery, and Harbour City Theatre buildings.