TAKE NOTICE that pursuant to the provisions of Section 24, 26, and 94 of the Community Charter, the City of Prince George (the “City”) proposes to dispose of an interest in the following land to the Prince George Soccer Association (“PGSA”):
- PID: 024-274-470
A Portion of Parcel 1, District Lot 2508, Cariboo District Plan PGP43052 Except Plan BCP14702
(the “Lands”),
having a civic address of 1771 George Paul Lane, Prince George, BC, as shown outlined in bold red on this Notice.
The proposed disposition is for the lease (the “Lease”) of the Lands and the building located on the Lands between the City and PGSA. The Lease will commence on January 1, 2026, and will expire on December 31, 2030, with an option to extend where mutually agreeable for one (1) renewal term of an additional five (5) years. The consideration to be received by the City of Prince George is rent in the amount of $10,000.00 for the initial term and extension terms of the Lease, inclusive.
TAKE NOTICE that in accordance with Section 24 and 94 of the Community Charter, the City’s intention is to provide a form of assistance to the PGSA as the value of the property is an amount that is less than fair market value.