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The finance committee has voted to renew leases and increase the rents for the main branch of the Ottawa Public Library.
The city and library board — which own the downtown branch — entered into a 60-year lease for the rights to the office tower above and parking garage below the library in 1973.
The fourth 10-year renewal term of the lease began recently. The current owner of the office tower, which is allowed through “air rights”, is Slate Properties Inc.
Slate will pay the city $286,000 in rent annually for the next decade for the tower, plus an additional $230,000 in rent annually for the parking garage.
Both amounts are increases but the staff report doesn’t say how much the previous agreements were for.
查看原文...
The city and library board — which own the downtown branch — entered into a 60-year lease for the rights to the office tower above and parking garage below the library in 1973.
The fourth 10-year renewal term of the lease began recently. The current owner of the office tower, which is allowed through “air rights”, is Slate Properties Inc.
Slate will pay the city $286,000 in rent annually for the next decade for the tower, plus an additional $230,000 in rent annually for the parking garage.
Both amounts are increases but the staff report doesn’t say how much the previous agreements were for.
查看原文...
