the Niagara Parks Commission (the "Commission”) entered into a lease and operating agreement (the "Lease") with Niaga...
O.C. 1736/2023
Ontario — Orders in Council
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Order in Council 1736/2023
On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:
Whereas the Niagara Parks Commission (the "Commission”) entered into a lease and operating agreement (the "Lease") with Niagara Adventure Excursions Inc. ( NAE ), on October 23, 2015, for the financing, design, building and operation of zip line and aerial adventure course attractions over a portion of the Commission's lands;
And
whereas the Lease expires on September 30, 2030;
And
whereas NAE wishes to do capital improvements on the zipline and aerial adventure course;
And
whereas such capital improvements require financing which further requires that the Lease be extended until September 30, 2035;
And
whereas further due diligence and planning will be undertaken, including any required duty to consult analysis, prior to the capital improvements being made;
Now therefore pursuant to subsection 7(1)(3) of the Niagara Parks Act, R.S.O. 1990, c. N.3, approval is hereby given to the Commission:
to extend the term of the Lease until September 30, 2035; and
to execute such documents as may be necessary for that purpose.
Ministry of Tourism, Culture and Sport
Approved and Ordered:
November 23, 2023
Updated: December 07, 2023
Published: December 07, 2023