Item - 2018.GM28.28
Tracking Status
- City Council adopted this item on June 26, 2018 without amendments.
- This item was considered by the Government Management Committee on June 5, 2018 and adopted without amendment. It will be considered by City Council on June 26, 2018.
GM28.28 - Land Exchange with 2470347 Ontario Inc. (Galleria Developments) for City Land Forming Part of Wallace Emerson Park and Community Centre at 1260 Dufferin Street
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 18 - Davenport
City Council Decision
City Council on June 26, 27, 28 and 29, 2018, adopted the following:
1. City Council authorize the City to enter into a Land Exchange Agreement with 2470347 Ontario Inc. ("Galleria Developments") for part of 1245 Dupont Street, shown as Part 2 on Sketch No. PS-2018-015 ("Galleria Lands") in exchange for part of 1260 Dufferin Street, being Lots 1, 8, 10, 12, 16 to 20, Part of Lots 2, 9, 11 on Plan M567, Parts 2, 3, 4, 6 on 66R-9966, shown as Part 1 on Sketch No. PS-2018-015 ("City Lands") in Appendix B to the report (June 1, 2018) from the Director, Real Estate Services, substantially on the terms and conditions outlined in Appendix A to the report (June 1, 2018) from the Director, Real Estate Services and such other terms as may be approved by the Director, Real Estate Services, in consultation with the General Manager, Parks, Forestry and Recreation, and in a form satisfactory to the City Solicitor.
2. City Council approve that the transaction meets the requirement for an exchange of land set out in Chapter 4.3, Parks and Open Space Areas, Policy 8 of the Official Plan.
3. City Council authorize each of the Deputy City Manager, Internal Corporate Services and the Director, Real Estate Services severally to accept the term of the Land Exchange Agreement on behalf of the City.
4. City Council authorize the City Solicitor to complete the transactions provided for in the Land Exchange Agreement on behalf of the City, including making payment of any necessary expenses and amending the closing and other dates to such earlier or later date(s) and on such terms and conditions as she may from time to time consider reasonable.
City Council Decision Advice and Other Information
City Council considered Items GM28.28 and TE33.5 together.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2018/gm/bgrd/backgroundfile-115896.pdf
(May 22, 2018) Report from the Director, Real Estate Services on Land Exchange with 2470347 Ontario Inc. (Galleria Developments) for City Land Forming Part of Wallace Emerson Park and Community Centre at 1260 Dufferin Street - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2018/gm/bgrd/backgroundfile-115544.pdf
Communications (Committee)
https://www.toronto.ca/legdocs/mmis/2018/gm/comm/communicationfile-83177.pdf
Motions (City Council)
Vote (Adopt Item) Jun-26-2018 6:54 PM
| Result: Carried | Majority Required - GM28.28 - Adopt the item |
|---|---|
| Total members that voted Yes: 34 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Gary Crawford, Joe Cressy, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Frank Di Giorgio, Sarah Doucette, John Filion, Michael Ford, Mark Grimes, Jim Hart, Stephen Holyday, Norman Kelly, Mike Layton, Josh Matlow, Mary-Margaret McMahon, Miganoush Megardichian, Joe Mihevc, Frances Nunziata (Chair), James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, Michael Thompson, John Tory, Lucy Troisi, Jonathan Tsao, Kristyn Wong-Tam |
| Total members that voted No: 1 | Members that voted No are Giorgio Mammoliti |
| Total members that were Absent: 10 | Members that were absent are Josh Colle, Vincent Crisanti, Paula Fletcher, Mary Fragedakis, Michelle Holland, Jim Karygiannis, Denzil Minnan-Wong, Cesar Palacio, Neethan Shan, David Shiner |
GM28.28 - Land Exchange with 2470347 Ontario Inc. (Galleria Developments) for City Land Forming Part of Wallace Emerson Park and Community Centre at 1260 Dufferin Street
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 18 - Davenport
Committee Recommendations
The Government Management Committee recommends that:
1. City Council authorize the City to enter into a Land Exchange Agreement with 2470347 Ontario Inc. ("Galleria Developments") for part of 1245 Dupont Street, shown as Part 2 on Sketch No. PS-2018-015 ("Galleria Lands") in exchange for part of 1260 Dufferin Street, being Lots 1, 8, 10, 12, 16 to 20, Part of Lots 2, 9, 11 on Plan M567, Parts 2, 3, 4, 6 on 66R-9966, shown as Part 1 on Sketch No. PS-2018-015 ("City Lands") in Appendix B to the report (June 1, 2018) from the Director, Real Estate Services, substantially on the terms and conditions outlined in Appendix A to the report (June 1, 2018) from the Director, Real Estate Services and such other terms as may be approved by the Director, Real Estate Services in consultation with the General Manager, Parks, Forestry and Recreation in a form satisfactory to the City Solicitor.
2. City Council approve that the transaction meets the requirement for an exchange of land set out in Chapter 4.3 (Parks and Open Space Areas), Policy 8 of the Official Plan.
3. City Council authorize each of the Deputy City Manager, Internal Corporate Services and the Director, Real Estate Services severally to accept the term of the Land Exchange Agreement on behalf of the City.
4. City Council authorize the City Solicitor to complete the transactions provided for in the Land Exchange Agreement on behalf of the City, including making payment of any necessary expenses and amending the closing and other dates to such earlier or later date(s) and on such terms and conditions as she may from time to time consider reasonable.
Origin
Summary
The purpose of this report is to seek authority to enter into an agreement to exchange lands owned by the City of Toronto and lands owned by 2470347 Ontario Inc. (Galleria Developments).
The proposed land exchange would facilitate a new street and block configuration associated with the redevelopment of the former Galleria Mall site located at 1245 Dupont Street. In order to facilitate the new street and block configuration, a land exchange is proposed which will exchange a portion of the former Galleria Mall lands for a portion of Wallace Emerson Park, including the existing Wallace Emerson Community Centre. The existing Wallace Emerson Community Centre will be demolished following the construction of a new larger community centre to be situated on the enlarged and reconfigured Wallace Emerson Park.
The terms for completing the transaction are considered to be fair, reasonable and reflective of market value.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/gm/bgrd/backgroundfile-115896.pdf
(May 22, 2018) Report from the Director, Real Estate Services on Land Exchange with 2470347 Ontario Inc. (Galleria Developments) for City Land Forming Part of Wallace Emerson Park and Community Centre at 1260 Dufferin Street - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2018/gm/bgrd/backgroundfile-115544.pdf
Communications
https://www.toronto.ca/legdocs/mmis/2018/gm/comm/communicationfile-83177.pdf
Motions
That:
1. Consideration of the item be deferred until the July 3, 2018 Government Management Committee meeting.