News

Minion Field lease OK’d

City council has approved entering into another three-year lease agreement with Farmcrest Foods Ltd. for the use of Minion Field.

In October, the city put out a request for quotation to lease the approximately 80-acre parcel of agricultural land at 2191 30th Street SW for a non-renewable term, from April 1, 2014 to Oct. 31, 2016.

As was the case in 2011, Farmcrest – the property’s current tenant – was the only respondent, and council approved a lease for an annual fee of $20,000, plus taxes.

“Farmcrest has been the lessee of the property since 2005 and has been a good tenant and therefore the recommendation is the city enter into this lease agreement for another three years,” commented Salmon Arm’s corporate officer Corey Paiement.

 

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