8 Apr 2024 Council meeting Housing

Lease to BC Housing - 1435 Cranberry Avenue

Motion
That Council approve the disposition of a 60-year lease of City-owned land located at 1435 Cranberry Avenue to the Provincial Rental Housing Corporation.
Minutes, page 12
Sources
Agenda itemCity agenda
Staff reportPage 1
Purpose
To seek Council approval to issue a 60-year lease to the Provincial Rental Housing Corporation on City-owned land located at 1435 Cranberry Avenue to facilitate BC Housing’s construction of a non-market rental housing project.
Staff report, page 1
Staff recommendation
That Council approve the disposition of a 60-year lease of City-owned land located at 1435 Cranberry Avenue to the Provincial Rental Housing Corporation.
Staff report, page 1
DocumentsStaff report about Housing, Land Use & Urban Form

Questions and answers

Councillor Janice Perrino
Speaker identificationConfident
Yes

asked
Someone care to make the recommended. Motion move. Council Brino seconded. Councilor Manly. Councilor Prince. Thank you, you, worship. Very. Pleased to put this on the table, but I just have a very quick question. I'm just wondering why it's 60 years. Why not 80? Why not 100? Is there
Bill Corsan
Speaker identificationConfident
answeredDirector, Corporate and Business Development
a reason? For it. Is that particular number? Yeah. Three. Worship to council prenote. So, generally, all the leases we do. With BC housing are 60 year lease. Got it. Thank you. This aligns with the other leases. You've done on projects on Wesley Street. And boundary, et cetera. Thank
J. Holm
Speaker identificationConfident
answeredDirector, Planning and Development
Blue Jay Trail. Mr. Holme, good evening. Welcome. Good evening, your worship. Thank you. Really minor item, this one. Development variance. Permit for property on Blue jay Trail. The corner of Blue J Trail and Brody's place off Lost Lake