HomeMy WebLinkAboutOES 17-03
031.
REPORT TO THE
FINANCE & OPERATIONS COMMITTEE
Report Number: OES 17-03
Date: April 11, 2002
From:
Stephen Reynolds
Division Head, Culture & Recreation
Subject:
Pickering Sports Medicine & Wellness Centre
- Amending Lease Agreement
File: C03000
Recommendation:
1.
That Report to Council OES 17-03 regarding the Pickering Sports Medicine &
Wellness Centre Lease Agreement be received and; that
2.
A by-law be enacted to authorize the execution of an Amending Lease
Agreement to which the Pickering Sports Medicine & Wellness Centre will be
permitted to continue to operate a Wellness Centre and Wellness Spa for a five
year term.
Executive Summary:
At the Finance & Operations Committee Meeting held on Monday, September 23, 2002,
Council approved a request to expand the Pickering Sports Medicine & Wellness
Centre and develop a Wellness Spa.
An Amending Lease Agreement is required to reflect the change in the Pickering Sports
Medicine & Wellness Centre operating a Wellness Centre and a Wellness Spa for a
five year term.
Financial Implications:
Revenues
2003 $1,049.00 minimum to $3,000.00 maximum per month
2004 $1,049.00 minimum to $3,000.00 maximum per month
2005 $1,049.00 minimum to $3,000.00 maximum per month
2006 $1,049.00 minimum to $3,000.00 maximum per month
2007 $1,535.00 minimum to $3,000.00 maximum per month
$68,772.00 minimum to $180,000.00 maximum over 5 years
Report OES 17-03
Date: April 11, 2003
032
Subject: Pickering Sports Medicine & Wellness Spa
- Amending Lease Agreement
Page 2
Projected annual revenue is based on monthly lease plus an anticipated monthly
utilization fee.
Background:
On Monday, October 18, 2000, Council enacted By-law #5762/00 authorizing the
execution of a Licence Agreement with Pickering Sports Medicine & Wellness Centre
for the lease of space at the Pickering Recreation Complex for the operation of a
Wellness Clinic.
At the Finance & Operations Committee Meeting held on Monday, September 23, 2002,
Council approved a request for the Pickering Sports Medicine & Wellness Centre to
expand and construct a Wellness Spa at the Pickering Recreation Complex.
The Pickering Sports Medicine & Wellness Centre is currently operating as a sports
medicine out-patient clinic with the services of Physiotherapy, Massage Therapy and
visiting Orthopaedic Surgeon. This business is owned and operated by Angela Dye, a
Registered Physiotherapist and services are implemented by Health Care
Professionals.
The Wellness Spa is a new extension of the Pickering Sports Medicine & Wellness
Centre. It will provide spa services to include skin care, facials, body wraps, manicures
and pedicures to our clients.
The construction of the Wellness Spa involves an investment of capital dollars to
significantly enhance the area previously known as the Snack Bar, located in the central
core area on the second floor. The base monthly rent will not be increased for the next
four years to compensate for the cost of capital improvements (approximately
$67,000.00). The base monthly rent will be increased in the fifth year for the additional
750 square foot Wellness Spa.
Enactment of the draft by-law attached will authorize the execution of an Amending
Lease Agreement, as discussed at the September 23, 2002 Committee Meeting, to be
prepared in a form acceptable to the Solicitor for the City, in consultation with the
appropriate City Departments and existing City practice.
Attachments:
1.
Draft By-Law
Report OES 17-03
Date: April 11, 2003
Page 3 033
Subject: Pickering Sports Medicine & Wellness Spa
- Amending Lease Agreement
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Steph Rey Ids
Division ead, Culture & Recreation
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Attachments
Copy: Chief Administrative Officer
Director, Corporate Services & Treasurer
City Solicitor
Recommended for the consideration of
Pickering Citï Cou
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ATTACHMH"T #".._L TO REPORT # O~<;
17- 03
n34
THE CORPORATION OF THE CITY OF PICKERING
BY-LAW NO.
Being a by-law to authorize the
execution of an Amending Lease
Agreement with Pickering Sports
Medicine & Wellness Centre for the
lease of space at the Pickering
Recreation Complex for the operation
of a Wellness Centre and Wellness
Spa.
WHEREAS, pursuant to the provisions of paragraph 207.58 and 191 of the
Municipal Act, RS.O. 1990, chapter M.45, as amended, the Council of the
Corporation of the City of Pickering may pass by-laws for leasing premises
owned by the Corporation,
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE CITY OF
PICKERING HEREBY ENACTS AS FOLLOWS:
1.
The Mayor and Clerk are hereby authorized to execute an Amending
Lease Agreement, in a form acceptable to the Solicitor for the City,
between the Corporation of the City of Pickering and the Pickering Sports
Medicine & Wellness Centre for the operation of a Wellness Centre and
Wellness Spa at the Pickering Recreation Complex.
BY-LAW read a first, second and third time and finally passed this 5th day of
May, 2003.
Wayne Arthurs, Mayor
Bruce Taylor, Clerk