Item - 2017.GM18.8

Tracking Status

  • City Council adopted this item on March 28, 2017 with amendments.
  • This item was considered by Government Management Committee on February 21, 2017 and was adopted with amendments. It will be considered by City Council on March 28, 2017.

GM18.8 - Sale of Two Stratified Parcels of City Surplus Lands, Forming Part of a Redevelopment Parcel with G Group at 5220 - 5250 Yonge Street

Decision Type:
ACTION
Status:
Amended
Ward:
23 - Willowdale

City Council Decision

City Council on March 28 and 29, 2017, adopted the following:

 

1.  City Council authorize the sale of two stratified parcels of City surplus lands, one located at 5248 Yonge Street (shown on the sketch attached as Appendix B-1 to the report (February 6, 2017) from the Chief Corporate Officer, as Part 1) ("Parcel One") and the other located between properties municipally known as 5220 and 5222 Yonge Street (shown on the sketch attached as Appendix B-2, as Part 1 and Part 2) ("Parcel Two") (Stratified portions of Parcel One and Parcel Two are collectively the "City Properties") to an adjacent land owner/developer, G Group 5220 Yonge Ltd. ("G Group"), under an Offer to Purchase Agreement (the "Agreement") substantially on the terms outlined in Confidential Attachment 1 to the report (February 6, 2017) from the Chief Corporate Officer and in Confidential Attachment 1 to the supplementary report (March 28, 2017) from the Chief Corporate Officer and on such other terms and conditions as may be acceptable to the Chief Corporate Officer and the Director, Real Estate Services and in a form satisfactory to the City Solicitor. 

 

2.  City Council authorize the Chief Corporate Officer and/or the Director, Real Estate Services to administer and manage the sale transaction under the Agreement in consultation with the Local Councillor, including the provision of any amendments, consents, approvals, waivers and notices (including termination), provided that she or he may, at any time, refer consideration of any such matters (including their content) to City Council for its consideration and direction.

 

3.  City Council authorize severally each of the Chief Corporate Officer and the Director, Real Estate Services to execute the Agreement and associated documents on behalf of the City.

 

4.  City Council authorize the City Solicitor to complete the transaction contemplated in the Agreement on behalf of the City, including paying any necessary expenses, amending the closing, due diligence and other dates, and amending and waiving terms and conditions, on such terms as the City Solicitor considers reasonable.

 

5.  City Council authorize the public release of the confidential information contained in Confidential Attachment 1  to the report (February 6, 2017) from the Chief Corporate Officer once there has been a final determination of all property transactions to the satisfaction of the City Solicitor. 

 

6. City Council direct that Confidential Attachment 1 to the supplementary report (March 28, 2017) from the Chief Corporate Officer remain confidential in its entirety as it pertains to a proposed disposition of land and City Council authorize the public release of the confidential information contained in Confidential Attachment 1 to the supplementary report (March 28, 2017) from the Chief Corporate Officer once all property transactions have been settled and/or completed to the satisfaction of the City Solicitor.

 

Confidential Attachment 1 to the report (February 6, 2017) from the Chief Corporate Officer remains confidential in its entirety at this time in accordance with the provisions of the City of Toronto Act, 2006, as it pertains to a proposed or pending land acquisition and disposition by the City or one of its agencies or corporations. The confidential information contained in Confidential Attachment 1 to the report (February 6, 2017) from the Chief Corporate Officer will be made public once there has been a final determination of all property transactions to the satisfaction of the City Solicitor.

 

Confidential Attachment 2 to the report (February 6, 2017) from the Chief Corporate Officer remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it pertains to a proposed or pending land acquisition and disposition by the City or one of its agencies or corporations.

 

Confidential Attachment 1 to the supplementary report (March 28, 2017) from the Chief Corporate Officer remains confidential in its entirety at this time in accordance with the provisions of the City of Toronto Act, 2006, as it pertains to a proposed disposition of land.   The confidential information contained in Confidential Attachment 1 to the supplementary report (March 28, 2017) from the Chief Corporate Officer will be made public once all property transactions have been settled and/or completed to the satisfaction of the City Solicitor.

Confidential Attachment - This report is about a proposed or pending land acquisition and disposition by the City or one of its agencies or corporations.

Background Information (Committee)

(February 6, 2017) Report and Appendices A, B-1 and B-2 from the Chief Corporate Officer on Sale of Two Stratified Parcels of City Surplus Lands, Forming Part of a Redevelopment Parcel with G Group at 5220 - 5250 Yonge Street
https://www.toronto.ca/legdocs/mmis/2017/gm/bgrd/backgroundfile-101180.pdf
Confidential Attachment 1 - Confidential Information or Advice
Confidential Attachment 2 - Major Terms and Conditions

Background Information (City Council)

(March 28, 2017) Supplementary report from the Chief Corporate Officer on the Sale of Two Stratified Parcels of City Surplus Lands, Forming Part of a Redevelopment Parcel with G Group at 5220 to 5250 Yonge Street (GM18.8a)
https://www.toronto.ca/legdocs/mmis/2017/cc/bgrd/backgroundfile-102397.pdf
Confidential Attachment 1

Communications (City Council)

(March 27, 2017) Letter from Joel D. Farber, Fogler Rubinoff LLP on behalf of G Group 5220 Yonge Ltd. (CC.New.GM18.8.1)
https://www.toronto.ca/legdocs/mmis/2017/cc/comm/communicationfile-67916.pdf

Motions (City Council)

1 - Motion to Amend Item moved by Councillor John Filion (Carried)

That City Council adopt the following recommendations contained in the supplementary report (March 28, 2017) from the Chief Corporate Officer [GM18.8a]:

 

1. City Council amend Government Management Committee recommendation 1 by replacing Confidential Attachment 2 to the report February 6, 2017 from the Chief Corporate Officer with Confidential Attachment 1 to this report.

 

2. City Council direct that Confidential Attachment 1 to this report remain confidential in its entirety as it pertains to a proposed disposition of land and City Council authorize the public release of the confidential information contained in Confidential Attachment 1 once all property transactions have been settled and/or completed to the satisfaction of the City Solicitor.

Vote (Amend Item) Mar-29-2017 6:47 PM

Result: Carried Majority Required - GM18.8 - Filion - motion 1
Total members that voted Yes: 35 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Jon Burnside, John Campbell, Christin Carmichael Greb, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Michael Ford, Mary Fragedakis, Mark Grimes, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Chin Lee, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Frances Nunziata (Chair), Cesar Palacio, Gord Perks, Anthony Perruzza, Neethan Shan, David Shiner, Michael Thompson
Total members that voted No: 0 Members that voted No are
Total members that were Absent: 10 Members that were absent are Shelley Carroll, Josh Colle, Michelle Holland, Giorgio Mammoliti, Denzil Minnan-Wong, Ron Moeser, James Pasternak, Jaye Robinson, John Tory, Kristyn Wong-Tam

Motion to Adopt Item as Amended (Carried)

Vote (Adopt Item as Amended) Mar-29-2017 6:48 PM

Result: Carried Majority Required - GM18.8 - Adopt the item as amended
Total members that voted Yes: 36 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Jon Burnside, John Campbell, Christin Carmichael Greb, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Michael Ford, Mary Fragedakis, Mark Grimes, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Chin Lee, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Frances Nunziata (Chair), Cesar Palacio, Gord Perks, Anthony Perruzza, Jaye Robinson, Neethan Shan, David Shiner, Michael Thompson
Total members that voted No: 0 Members that voted No are
Total members that were Absent: 9 Members that were absent are Shelley Carroll, Josh Colle, Michelle Holland, Giorgio Mammoliti, Denzil Minnan-Wong, Ron Moeser, James Pasternak, John Tory, Kristyn Wong-Tam

GM18.8 - Sale of Two Stratified Parcels of City Surplus Lands, Forming Part of a Redevelopment Parcel with G Group at 5220 - 5250 Yonge Street

Decision Type:
ACTION
Status:
Amended
Ward:
23 - Willowdale

Confidential Attachment - This report is about a proposed or pending land acquisition and disposition by the City or one of its agencies or corporations.

Committee Recommendations

The Government Management Committee recommends that:

 

1.  City Council authorize the sale of two stratified parcels of City surplus lands, one located at 5248 Yonge Street (shown on the sketch attached as Appendix B-1 to the report (February 6, 2017) from the Chief Corporate Officer, as Part 1) ("Parcel One") and the other located between properties municipally known as 5220 and 5222 Yonge Street (shown on the sketch attached as Appendix B-2, as Part 1 and Part 2) ("Parcel Two") (Stratified portions of Parcel One and Parcel Two are collectively the "City Properties") to an adjacent land owner/developer, G Group 5220 Yonge Ltd. ("G Group"), under an Offer to Purchase Agreement (the "Agreement") substantially on the terms outlined in Confidential Attachments 1 and 2 to the report (February 6, 2017) from the Chief Corporate Officer and on such other terms and conditions as may be acceptable to the Chief Corporate Officer and the Director, Real Estate Services and in a form satisfactory to the City Solicitor. 

 

2.  The Chief Corporate Officer and/or the Director, Real Estate Services be authorized to administer and manage the sale transaction under the Agreement in consultation with the Local Councillor, including the provision of any amendments, consents, approvals, waivers and notices (including termination), provided that she or he may, at any time, refer consideration of any such matters (including their content) to City Council for its consideration and direction.

 

3.  City Council authorize severally each of the Chief Corporate Officer and the Director, Real Estate Services to execute the Agreement and associated documents on behalf of the City.

 

4.  City Council authorize the City Solicitor to complete the transaction contemplated in the Agreement on behalf of the City, including paying any necessary expenses, amending the closing, due diligence and other dates, and amending and waiving terms and conditions, on such terms as he or she considers reasonable.

 

5.  City Council authorize the public release of the confidential information contained in Confidential Attachments 1 and 2 to the report (February 6, 2017) from the Chief Corporate Officer once there has been a final determination of all property transactions to the satisfaction of the City Solicitor.

Decision Advice and Other Information

The Government Management Committee:

 

1.  Directed the Chief Corporate Officer to report directly to City Council on March 28, 2017 on changes to the Purchase of Sale agreement since the writing of the report (February 6, 2017) from the Chief Corporate Officer.

Origin

(February 6, 2017) Report from the Chief Corporate Officer

Summary

The purpose of this report is to obtain authority for the City to sell two stratified parcels of City surplus lands, one located at 5248 Yonge Street and the other located between properties municipally known as 5220 and 5222 Yonge Street, to an adjacent land owner/developer for the purpose of inclusion into its development block for a mixed use development.

Background Information

(February 6, 2017) Report and Appendices A, B-1 and B-2 from the Chief Corporate Officer on Sale of Two Stratified Parcels of City Surplus Lands, Forming Part of a Redevelopment Parcel with G Group at 5220 - 5250 Yonge Street
https://www.toronto.ca/legdocs/mmis/2017/gm/bgrd/backgroundfile-101180.pdf
Confidential Attachment 1 - Confidential Information or Advice
Confidential Attachment 2 - Major Terms and Conditions

Speakers

Joel D. Farber, Fogler, Rubinoff LLP
Councillor John Filion

Motions

1 - Motion to Amend Item moved by Councillor Paul Ainslie (Carried)

That recommendation 5 be revised by deleting the words "direct that Confidential Attachment 1 and 2 to this report from Chief Corporate Officer remain confidential in their entirety as they are regarding a proposed or pending acquisition or disposition of land and" and the words "have been settled and/or" so that it now reads:

 

5.  City Council authorize the public release of the confidential information contained in Confidential Attachments 1 and 2 once there has been a final determination of all property transactions to the satisfaction of the City Solicitor.


2 - Motion to Amend Item (Additional) moved by Councillor Paul Ainslie (Carried)

That:

 

The Chief Corporate Officer report directly to City Council on March 28, 2017 on changes to the Purchase of Sale agreement since the writing of the report (February 6, 2017) from the Chief Corporate Officer.


3 - Motion to Adopt Item as Amended moved by Councillor Paul Ainslie (Carried)
Source: Toronto City Clerk at www.toronto.ca/council