OC2016-120
2016-08-12
Transportation and Works
Public Tender Act
Under the authority of subsection 4(2) of the Public Tender Act, the Lieutenant-Governor in Council is pleased to authorize the Department of Transportation and
Works to lease 81,421 square feet ofhangar space from Central Holdings Inc. for a 10-year term up to 2026, at a total rental rate of $1,760,000 per annum with lease operating costs included in the rental rate subject to an inflationary factor tied to CPI(St. John's) or 3%, whichever is less, to be reviewed in 5 year increments on a go forward basis.