From the Daily Graphic

The Portage Credit Union Centre now officially has a home.

At a special meeting held at city hall this morning, city councillors voted unanimously in favour of entering into a 99-year lease agreement with the Rural Municipality of Portage and the Portage Industrial Exhibition Association (PIEA) to build the new multiplex on approximately 8.5 hectares of land at the fairgrounds on Island Park.

“This is a big step, and it’s the right step,” said Mayor Ken Brennan after the meeting. “We really feel good about this lease signing, it’s just another step that we have to take to get this multiplex built … I’m really pleased for the community.”

Following the vote by council Paul Trimble, president of the PIEA, Reeve Toby Trimble of the RM and Brennan signed the agreements and made the deal official.

Under the agreement the city and RM will pay the PIEA $20,000 plus an annual increase equal to Manitoba Price Index for the term of the lease.