The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

J opu gnou A yer x *A gAn:h 2 md & t & _ That means once the lease begins, Puncher will pay the city an < annual rent of $25,929.96 for each of the first two years of the * lease, payable at the rate of $2,160.83 per month. ‘The big difference is they (Puncher) are asking for $10,000 to help them with their leasehold improvements and we are to supâ€" ply the heating and ventilation and air conditioning," McKenzie said, when asked what the main differences are between the preâ€" vious and proposed new leases. * The president of Paul Puncher Men‘s Wear Limited, Paul Puncher, said after Monday night‘s meeting a consultant he worked with began talking with the city about Puncher leasing the former train station after hearing the lease with Archie‘s had hit a snag earher this fall. The city received a signed ‘offer to lease‘ the train stauon from Puncher this past Friday equipment. In turn, Puncher will: * provide interior leasehold improvements * construct an auxiliary building to accommodate washrooms, office space, a tailor shop, storage space or additional retail selling tracks â€" â€" * provide general landscaping * provide and install heating, ventilation and air conditioning In the third year of the lease, the men‘s clothing store will pay the city $28,525.20, payable at the rate of $2,377.10 per month. In the fourth and fifth years of the lease, the firm will pay the city $31,116.00 a year, payable at the rate of $2,593.00 per month. Also under the lease agreement, the city will: * pave the parking area from Regina Street South to Gillen Street * complete the sidewalk extension along Regina Street South * repair the stone walkway beside the former CNR railway same lease rate and the same term as the previous lease," Stockie is for an initial fiveâ€"year term with the option to renew the lease for three addiâ€" uonal fiveâ€"year periods. The firm would also have an ‘option to purchase‘ the train station and surrounding property at any time after May 1, 2002 The city cannot sell the property for five years. "Actually when you compare it to the Archie‘s agreement, this lease offers the Puncher said the firm tentatively hoped to open its new operaâ€" earieer e NiA d P e Waterloos chief administrative officer, Tom Stockde, said after tion at the former train station in March and would be closing its "Our prierity has always been to try and find a freeâ€"standing building with some character to i1. And certainly the train station has that in spades." â€"â€" Paut Punchet ix Kitchener â€";QIWMSMW&«:M time after that. in _ "We had been looking for some time for a more convenient it â€" location for our customers," he said. "Our priority has always been to try and find a freeâ€"standing es gIways BBBR 10 building with some characier to it. And d a freeâ€"standing certainly the train station has that in o Canpsmedet 19 11. _ y 4 i CE e Puncher also said he believed his new ) trmin SEBNOR MBS score would benefit from steady traffic ipades." in Waterloo‘s uptown core as well as â€" ux Poncher bdmjloawdmanauwithadeqmlc Under the new agreement, the firm will get exclusive use of 14 current city parking spaces, 11 located immediately north of the former train station and three to the east. As for the legal action against Archie‘s, McKenzie said the city would be going after the restaurant chain for lost rent (the lease was originally to begin this past Sept. 1), staff time and legal costs "Actually we‘ve already started that process," Stockie said. "We‘re looking for something in the order of $50,000 to $60,000." (Continued from page 1) i Prize packages for best uuuugesnunderfit'gsai: ‘Wflmafing 'meoryo. 6 North at Erb. St., w m m m on on un ie Westmo $V io o m o c ntioug Rib Eye St i St. Jacobs 664â€"3610 Monday â€" Saturday 9â€"6 PA t Hom e a "“ $1:791 $3.69n. $2.99n $3.39m The Halloween Fami work ol wl -"::;k-d ‘UNICEF Kitchener teers are bringing toget} ets Oct. 26 at the St Homestead to mark th vice delivery in the reg T ankes mtheongh sures occur, there must | 25 Bruce St (519)578â€"6030 1 Turnbull to meet with mmdl man, Ken Seiling, to 4 resolution to Premier lfidfil‘&ahw MPPs. The resolution 1 guarantees that local h not be reduced and the by local health care res sibility for acute care ir Thmwy; romllibiess w ooo nems Street West would WHEN