In the agenda for Wednesday's council meeting, a notice of motion will request staff investigate the financial performance of the Bega Valley Regional Learning Centre and its ownership options with an eye on considering its commercial value.

The notice of motion is being tabled by Mayor Russell Fitzpatrick with a request that recommendations on ownership options in accordance the council's adopted financial strategy be included in the staff report.

In August 2015, Bega Valley Shire Council purchased the building in Cabarita Place with the intention of establishing a regional training facility.

At the time it was reported the building was purchased for $1.293million plus GST. It was opened to the public as a learning centre a year later.

It has housed several tenants since that time with council as owner.

Cr Fitzpatrick said the purchase decision "required a timeline of operation as a learning facility - that has now expired".

Meanwhile, councillors will also discuss the management arrangements and costs associated with museums and historical societies utilising council-owned buildings.

Again raised as a notice of motion by Cr Fitzpatrick, staff are being asked to provide a report so costs and operation of the shire's historical-related facilities can be considered and the buildings' structural integrity ensured into the future.

Perhaps not coincidentally, council staff are tabling a report on Wednesday into the lease arrangements of the Old Pambula Courthouse to the Bega Valley Genealogy Society, in which it's confirmed the rent for the voluntary group is being increased from $559.63 a year to $4335 - revised down on negotiation from $9945.

They also refer to costly repair and maintenance costs required on the building and that further capital expenditure is required

A five-year lease agreement expired on June 30 this year with the provision to offer a further five years with an updated property valuation and rental rebate application.

"Although a substantial fee increase has resulted, the annual rental fee payable is still heavily subsidised to what this organisation would be paying for space elsewhere in the private rental market," staff said.