Windsor Airport Leases And Canderel
I'll tell you about it later today. I am also taking the advice of fellow Blogger at http://windsormunicipal.blogspot.com/
Windsor Municipal Shadow stated that:
- "It usually doesn't pay to do anything while you're angry, and that holds true with blogging. After watching last night's Council meeting, I may even have to wait two days."
If you want to read someone who reacted quickly, then take a look at the BLOG of Chris Schnurr http://chrisschnurr.wordpress.com/
Ssomething is very, very strange here. And inconsistent.
Items 13 and 14 on the Council agenda last night (and on the Consent Agenda meaning there was going to be little debate about them) had to do with with "Land Lease for Windsor Airport." We are given freely a lot of information about these leases and in great detail. Funny though, Municipal Freedom of Information Act applications have to be obtained to try to obtain similar information on other leases that the Mayor has been involved in.
Can the explanation for the differences be that he is that bad a negotiator?
We learn that:
- Dr. Murray R. O'Neil will lease space at a cost of $1,377.30 with a rent escalator tied to the CPI
- Great Lakes Flight Centre Incwill lease space at a cost of $24, 058. 06 per annum with a rent escalator tied to the CPI and with the right to renew for 3 five year terms but with the rent to be renegotiated
In both cases there is no right to assign or sublet without the City's consent.
I am rather shocked to be honest. We learn everything about the rental on these properties but not this kind of detail at Canderel
Remember what Eddie said about rents at Canderel:
- "Francis said the figures that have been disclosed are average costs, and the numbers won't be further broken down."
But here they are broken down and we are given exact numbers.
We learn what the rent escalator is at the Airport but we are not given that information at Canderel.
The leases do not allow assigning or subletting without consent but at Canderel, it seems there was sub-subletting (see http://chrisschnurr.wordpress.com/2007/01/17/of-westmont-and-canderel-double-feature/ )
There were tenant confidentiality clauses at Canderel but not it seems at the airport.
We know that there are renewal terms at both Canderel and the airport but we do not know what the renewal terms are at Canderel.
If you can explain the openness with the airport leases but not the Canderel ones, then you are a better person than I! As for the arena lease with the Spitfires, I won't even go there!