Land and Building Lease Policy & Procedure
Adopted by City Council on January 1st, 2016
Purpose: To provide a consistent framework for the leasing of City owned real property and to ensure the City is fairly and appropriately compensated for the leasing of City owned property.
The principles guiding the procedure for the leasing of City owned lands and buildings not required for operational purposes include:
- To provide benefits to the public through leasing of vacant lands and/or premises;
- To recover costs for operation, replacement and taxes of lands and/or premises;
- To ensure consistency and transparency in leasing through a consistent Lease Agreement;
- To guide Administration in managing City owned real property; and
- To allow Administration and City Council to issue Lease Agreements to a Charity or Non-profit Organization that assists the community at large.
Land and Building Lease Policy (240 KB)