The Society and its predecessor, the Strata Leaseholders Subcommittee, have been in discussions with the City on lease renewal for over 6 years. It is only in the last 12 months that we have had a City Council committed to resolving this issue and directing its staff to work with us to do so in a fair and timely manner. This commitment came after an unprecedented communications campaign from the Society and community support. We believe the MOU we have negotiated is fair to both parties, provides a degree of certainty that existing leases do not, and represents our best chance of moving forward as a community . Attempting to restart negotiations once a new Council is elected, would come with considerable risk and uncertainty.