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Property Leasing: Recent Developments Of Importance - Real Estate and Construction

Can a Tenant Stop Paying Rent as a Result Of COVID-19? When the government ordered the closure of all non-essential businesses, tenants quickly turned to their leases to see if the pandemic would qualify as force majeure and discharge them from their rent obligations.  Hengyun International Investment Commerce Inc.  v.  7614 Québec Inc., 2020 QCCS 2251, ( Hengyun ) was one of the first Canadian cases to consider force majeure in the context of COVID-19 government-mandated shutdowns. It sparked hope for tenants that rent relief was possible. In  Hengyun, the Landlord and the original Tenant, VFC, entered into a five-year lease to operate a gym. VFC soon made

Mayor and Council break ground on Creston Emergency Services Building

Mayor and Council break ground on Creston Emergency Services Building SHARE ON: From L-R: Councillor Arnold DeBoon, Mayor Ron Toyota, Councillor Joanna Wilson, Creston Fire Rescue Assistant Fire Chief Laura Dodman, Councillor Jen Comer, Councillor Jim Elford (Supplied by the Town of creston) Council convened to break ground on the site where the Creston Emergency Services Building (CESB) is expected to have more activity by May 3rd. “I really appreciate that we were able to do this today,” said Mayor Ron Toyota. “It’s historic for us because it has taken several years. I think this is the beginning and hopefully, it won’t be too long before the ribbon-cutting ceremony.”

Council formally approves the $1 6 million increase in Creston s Emergency Services Building budget

Council formally approves the $1 6 million increase in Creston s Emergency Services Building budget
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Cost of new Lloydminster Firehall #1 estimated at $7 1 million

Cost of new Lloydminster Fire Hall #1 estimated at $7.1 million SHARE ON: A rendering of the new Firehall #1. (City of Lloydminster) The cost for the new fire hall is estimated to be $1 million less than originally budgeted, but city administration says that can change very quickly. City council was presented with the cost of work on the Fire Hall #1 replacement which puts it at just over $7.1 million. The city has budgeted $8.5 million for the project. Senior Capital Infrastructure Manager James Rogers says costs can still go up on the project as they still need to secure materials and services which could come in higher than expected. It was noted that the cost of construction materials like steel has skyrocket during the pandemic which could push the actual cost up to near the budgeted amount.

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