Item - 2010.EX43.7

The Executive Committee recommends that:

1.         City Council delegate the approving and signing authorities in real estate matters as set out in Appendix A in the report (March 31, 2010) from the Deputy City Manager and Chief Financial Officer.

2.         City Council, in respect of the exercise of delegated authority to dispose of land, as the approving authority under the Expropriations Act, authorize staff to whom authority to dispose of land is being delegated, to dispose of lands acquired by expropriation without giving the owner from whom the land was expropriated the first chance to repurchase the land on the terms of the best offer received by the expropriating authority, if the expropriation has taken place ten years or more prior to the proposed disposal.

3.         City Council, in respect of the acquisition of contaminated lands by means other than the development review process, rescind the policy adopted by the former City of Toronto entitled “Environmental Issues – Real Property Acquisitions”, as set out in Clause 46 of Report No. 11 of the Executive Committee at its meeting of June 21, and 22, 1993, and the former City of Etobicoke “Policy and Procedures for Dealing with Contaminated or Potentially Contaminated Sites”, adopted by the former Etobicoke Council meeting on September 15, 1997, together with any other subsisting policies from the legacy municipalities. 

4.         City Council rescind the delegated authorities in real estate matters referred to in Appendix B in the report (March 31, 2010) from the Deputy City Manager and Chief Financial Officer.

5.         City Council request the Director of Real Estate Services to report annually, through the Government Management Committee, on all real estate matters that have been processed by way of this delegated authority.

6.         City Council authorize and direct the appropriate City officials to introduce in Council any bills necessary to give effect to the foregoing.

For the purposes of relieving Committee and Council Agendas of frequently routine real estate reports, facilitating situations involving critical deadlines, improving the stage on which the City conducts its real estate transactions, and avoiding delay in the implementation of approved transactions, staff is recommending that Council delegate authority to approve and sign certain real estate matters where funding has been made available in an approved budget.  Such delegation will also co-ordinate, consolidate and harmonize various delegations previously approved by Council.