City of Richmond, BC - City Council - November 14, 2023 - Minutes

R 23 /19-13 It was moved and seconded ( 1 ) That the current ground lease with the Provincial Rental Housing Corporation (“PRHC”) for the Alderbridge Supportive Housing, located on City property at 6999 Alderbridge Way, be extended for a period of approximately three and a half years from the expiry of the current ground lease until December 31, 2027, as per the terms outlined in the staff report titled “Potential Lease Extension Amendment Agreement for 6999 Alderbridge Way Supportive Housing” dated October 12, 2023 from the Director, Community Social Development and Director, Real Estate Services; and ( 2 ) That staff be authorized to take all necessary steps to negotiate an extension to the lease extension amendment agreement for the Alderbridge Supportive Housing and that the Chief Administrative Officer and the General Manager, Finance and Corporate Services be authorized to execute such amending agreement and all related documentation.

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