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 Public Library ("PGPL"):
- PID: 031-693-342
Lot B, District Lot 343, Cariboo District Plan EPP108820
(the “Lands”),
having a civic address of 888 Canada Games Way, Prince George, BC, as shown outlined in bold black on the map 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 PGPL. The Lease will commence on December 1, 2024, and will expire on November 30, 2029, with an option to extend where mutually agreeable for two (2) renewal terms of an additional five (5) years each. The consideration to be received by the City of Prince George is rent in the amount of $15,000.00 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 PGPL as the value of the property is an amount that is less than fair market value.