Pursuant to section 24 and 26 of the Community Charter, and in accordance with section 94, notice is hereby given that the District of Lake Country (“District”) intends to provide assistance and dispose of District-owned land by way of entering into a lease for less than market value to the Lessee as follows:
Lessee:
Housing Okanagan Foundation
Term:
Sixty-five (65) years
Description of Lands:
Civic: 3151 Hill Road
Legal: LOT A SECTION 10 TOWNSHIP 20 OSOYOOS DIVISION YALE DISTRICT PLAN EPP85720
Consideration:
$10.00 for the term of the lease (less than market value)
Nature of Disposition:
For the purpose of the Lessee developing, constructing and operating an affordable mixed‑use residential project in accordance with BC Builds affordability requirements.