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Article content An agreement authorized by North Bay council last fall will see the city pay tens of thousands of dollars to lease a portion of property where Sage Road Park is located. A copy of the agreement, which The Nugget obtained through freedom of information legislation, shows the city agreed to pay Grand Sierra Investments Ltd. a one-time licence fee of $31,000, a reimbursement of $15,305 in realty taxes and an annual fee of $3,500, subject to a consumer price index increase of at least two per cent, for a term lasting 10 years. We apologize, but this video has failed to load. ....
Article content An agreement authorized by North Bay council last fall will see the city pay tens of thousands of dollars to lease a portion of property where Sage Road Park is located. A copy of the agreement, which The Nugget obtained through freedom of information legislation, shows the city agreed to pay Grand Sierra Investments Ltd. a one-time licence fee of $31,000, a reimbursement of $15,305 in realty taxes and an annual fee of $3,500, subject to a consumer price index increase of at least two per cent, for a term lasting 10 years. We apologize, but this video has failed to load. ....