The City of Parksville will renew the Vancouver Island Regional Library lease for another five years.
Based on current market conditions, they agreed to maintain the same base rent and increase the operating cost to reflect actual costs. It will now include a three percent annual increase for inflation.
This is the third, five year lease with the library since the Parksville Civic and Technology Centre was completed in 2001.
The library didn’t ask for a change in the rental rate, and since the current $14.60 per square foot is a couple dollars higher than comparable properties, the report from city staff recommended renewing at the same rate.
Total city revenue, including operating expenses, is estimated at $144,379 over the five years.
Join the staff of the library in Parksville for an introduction to ebooks and ereaders.
This session will include how to search Library-to-Go and how to set up your ereader to sign out library ebooks.
The session is free but please call to book your seat, 250-248-3841.