City of Nanaimo

City of Nanaimo

February 22, 2023

Notice of Disposition of Real Property by Way of Co-Management Agreement to The Port Theatre Society

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

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