Leasing

The City of Lloydminster actively leases land and property that is not currently required for municipal purposes. Agreements are determined in a fair and ethical manner. All property is leased at fair market value, unless otherwise passed by a Council motion.

Market Value is the probable leasing price of the property in a competitive and open market, as of a given date, and is recognized as the most understandable, transparent, and objective measure of a property’s worth.

Leasing Opportunities with the City of Lloydminster:

• Farmland (tendered on a 5-year basis)
• Bare land 
• Airport Terminal Space 
• Airport Hangar Bare Land 
• Facility Space 
• Downtown Parking Stalls 

Leasing Process:

• Citizens become aware of City-owned real property potentially available for lease through signage, word of mouth, expression of interest, etc.
• Citizen will submit an expression of interest to lease at leasing@lloydminster.ca, with exception of Farmland Leases which are tendered on a 5-year basis.
• Internal approval process is completed:
  • The property is circulated through internal departments to ensure there is no current requirement for municipal needs.
  • A review by the Property Leasing Agent is completed to determine items such as duration, zoning, intended use, etc.
  •  Market Valuation is conducted.Internal approval process is completed:
• Negotiations are completed and a final lease is created.
• A lease agreement may be executed which shall include all supporting documents required by the City, including but not limited to, valid Certificate of Insurance.