Public Notice is hereby given pursuant to Section 24 and 26 of the Community Charter that the City of Nanaimo proposes to enter into a Co-Management Agreement with The Port Theatre Society for a building and parcel of land located at 125 Front Street, Nanaimo, BC and legally described as:
PID: 023-378-026 Lot 1, Plan VIP63076, Section 1, Nanaimo Land District, Except Plan VIP63941 & VIP79756, & of the bed of the Public Harbour of Nanaimo
The term of License is ten (10) years, effective 2023-JAN-01. This Agreement can be renewed at the City’s sole discretion on the same terms and conditions for a further ten (10) years.
The City will be providing annual financial assistance to The Port Theatre Society, this amount has been budgeted in the 2023 Financial Plan in the amount $589,948.
Further information may be obtained by contacting: Corporate and Business Development, Real Estate Section, Telephone: 250-755-4453, File No.: LD000182