Item - 2018.EX36.37

Tracking Status

  • City Council adopted this item on July 23, 2018 without amendments.
  • This item was considered by the Executive Committee on July 17, 2018 and adopted without amendment. It will be considered by City Council on July 23, 2018.
  • See also AH10.12

EX36.37 - Feasibility of Acquisition or Expropriation of 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street

Decision Type:
ACTION
Status:
Adopted
Ward:
27 - Toronto Centre-Rosedale

City Council Decision

City Council on July 23, 24, 25, 26, 27 and 30, 2018, adopted the following:  

 

1.  City Council authorize the public release of Confidential Attachment 1 to the report (June 11, 2018) from the Director, Affordable Housing Office following the closing of any acquisition/expropriation, or in five years from adoption of Item EX36.37, whichever occurs first.

 

2.  City Council direct the Transition Lead, CreateTO, the Director, Real Estate Services and the Director, Affordable Housing Office, to develop an affordable housing real estate acquisition/expropriation strategy and report on the strategy as part of the Housing Opportunities Toronto 2020-2030 plan in 2019.

 

3.  City Council request the Director, Affordable Housing Office to work with the Director, Real Estate Services in the event that the properties at 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street become available for sale on the open market to make a conditional offer on the properties and report to City Council in early 2019 with a recommended course of action for the acquisition, including federal, provincial or municipal sources of funding to purchase the properties.

 

Confidential Attachment 1 to the report (June 11, 2018) from the Director, Affordable Housing Office remains confidential at this time in accordance with the provisions of the City of Toronto Act, 2006 as it concerns a proposed or pending acquisition or sale of land for municipal or local board purposes.  Confidential Attachment 1 to the report (June 11, 2018) from the Director, Affordable Housing Office will be made public following the closing of any acquisition/expropriation, or in five years from adoption of Item EX36.37, whichever occurs first.

Confidential Attachment - A proposed or pending acquisition or sale of land for municipal or local board purposes

Background Information (Committee)

(June 25, 2018) Letter from the Affordable Housing Committee on Feasibility of Acquisition or Expropriation of 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118042.pdf
(June 11, 2018) Report and Attachment 1 from the Director, Affordable Housing Office and the Director, Real Estate Services Division on Feasibility of Acquisition or Expropriation of 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118043.pdf
Confidential Attachment 1

Motions (City Council)

Motion to Adopt Item (Carried)

EX36.37 - Feasibility of Acquisition or Expropriation of 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street

Decision Type:
ACTION
Status:
Adopted
Ward:
27 - Toronto Centre-Rosedale

Confidential Attachment - A proposed or pending acquisition or sale of land for municipal or local board purposes

Committee Recommendations

The Executive Committee recommends that that:  

 

1.  City Council authorize the public release of Confidential Attachment 1 to the report (June 11, 2018) from the Director, Affordable Housing Office following the closing of any acquisition/expropriation, or in five years from adoption of the report, whichever occurs first.

 

2.  City Council direct the Transition Lead, CreateTO, the Director, Real Estate Services Division and the Director, Affordable Housing Office, to develop an affordable housing real estate acquisition/expropriation strategy and report on the strategy as part of the Housing Opportunities Toronto 2020-2030 plan in 2019.

 

3.  City Council request the Director, Affordable Housing Office to work with the Director, Real Estate Services in the event that the properties at 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street become available for sale on the open market to make a conditional offer on the properties and report to City Council in early 2019 with a recommended course of action for the acquisition, including federal, provincial or municipal sources of funding to purchase the properties.

Origin

(June 25, 2018) Letter from the Affordable Housing Committee

Summary

In May 2018, City Council directed staff, in consultation with CreateTO, to conduct the necessary due diligence on the acquisition or expropriation of the seven abutting properties at 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street ("the Properties") for affordable housing purposes.

 

Given the preliminary assessment and due diligence work outlined in this report and Confidential Attachment 1, staff do not recommend the acquisition or expropriation of the Properties at this time.

 

The City of Toronto does not currently have a policy or standardized approach to the acquisition/ expropriation of properties for affordable housing development. This report recommends CreateTO, the Director, Real Estate Services Division and the Director, Affordable Housing Office, develop an affordable housing real estate acquisition/ expropriation strategy and report on the strategy in 2019 as part of the development of the Housing Opportunities Toronto 2020-2030 Action Plan.

Background Information

(June 25, 2018) Letter from the Affordable Housing Committee on Feasibility of Acquisition or Expropriation of 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118042.pdf
(June 11, 2018) Report and Attachment 1 from the Director, Affordable Housing Office and the Director, Real Estate Services Division on Feasibility of Acquisition or Expropriation of 214, 218, 220, 222, 224, 226 and 230 Sherbourne Street
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118043.pdf
Confidential Attachment 1

Motions

1 - Motion to Adopt Item moved by Councillor Ana Bail„o (Carried)
Source: Toronto City Clerk at www.toronto.ca/council