Item - 2017.CC31.24

City Council on July 4, 5, 6  and 7, 2017, adopted the following:

1.  City Council amend the Property Management Agreement dated January 4, 1995 between the City of Toronto and Toronto Port Lands Company to renew the term of the agreement for an additional five years and to include the western portion of City lands municipally known as 545 Commissioners Street as part of the real estate portfolio that Toronto Port Lands Company has contracted to manage pursuant to the terms of the Property Management Agreement, all on terms and conditions satisfactory to the Deputy City Manager, Cluster B and in a form satisfactory to the City Solicitor.

2.  City Council request that Toronto Port Lands Company, working together with City Staff, pursue negotiations with Remicorp Industries Inc., the owners of 29 Judson Street, to relocate ML Ready Mix operations from 29 Judson Street to the western portion of 545 Commissioners Street, such relocation to be conditional upon a purchase or lease to the City of Toronto of their Judson Street property and otherwise on terms satisfactory to Toronto Port Lands Company, the Deputy City Manager, Cluster B, and the Chief Corporate Officer.

3  City Council authorize the Toronto Port Lands Company to act as the City's agent for the purpose of making a minor variance application and any other Planning Act applications that may be required in order to permit a concrete batching operation on the western portion of 545 Commissioners Street.

4. City Council direct the Deputy City Manager, Cluster B to report to the Government Management Committee on the financial implications for the acquisition (purchase or lease) of 29 Judson Street and the lease arrangement at 545 Commissioners Street, prior to Toronto Port Lands Company finalizing any final purchase or lease agreements for both properties.