*Update*
The vote was successful in the motion to purchase the new office building for the local.
Letter of June 29, 2021 from Gord Willis
Special Meeting re Property Purchase: 101 – 1550 Hartley Avenue, Coquitlam.
The purpose of this meeting was to discuss Local 386 buying property to relocate our offices.
The building we are currently in has been put on the market for $2.8M. The asking price is not something the local thought was financially viable. We have a lease until 2024, which our lawyer says we can give 6 months notice to vacate. The current lease costs are $3000 per month.
We have discussed the local purchasing property for a few years now. As our future here is uncertain and we know that we are not paying current market rental rates. The cost to lease will only increase.
By purchasing our own space we will be in control of our costs and investing in the future of the local.
1. Financials for 101-1550 Hartley
If you require additional information or would like to discuss with the Local, please call the office at (604) 936-1810.