Redevelopment of Centerville Apartments-20785 Fraser Highway
Gerald Minchuk, Development Manager, Whitetail Homes Ltd.
Telephone Number: 778-957-2254
Upcoming City Council Meeting Dates.
Financial Compensation to Tenants
Financial Compensation shall be provided based on length of tenancy and can be in the form of free rent, lump sum payment, or combination of the two. Compensation is to be paid out no later than termination of tenancy:
|Length of Tenancy||Compensation|
|Up to 10 years tenancy:||4 months notice plus 1 month free rent (or one month cash compensation equivalent), plus 1 additional month payment or equivalent rent amount.|
|Over 10 years tenancy:||4 months notice plus 1 month free rent (or one month cash compensation equivalent), plus 2 additional months payment or equivalent rent amount.|
Whitetail Homes Ltd. shall pay up to $500.00 for a studio or one-bedroom unit and up to $750.00 for a two-bedroom unit for an insured moving company to relocate existing tenants into new accommodation, or provide an equivalent flat rate payout.
First Right of Refusal to Tenants
Whitetail Homes Ltd. are proposing a mixed-use strata titled development project on the subject property, and will provide all displaced tenants with a special pre-sale discount of $20,000 to qualified buyers purchasing a new unit in this development, or another Whitetail Homes development project.
Whitetail Homes Ltd. is committed to providing additional support for vulnerable tenants (persons with disabilities, seniors, mental health issues). This will be assessed on an individual basis as part of the Occupancy Report.