Item - 2019.GL5.15

The General Government and Licensing Committee recommends that:

1.  City Council authorize the City of Toronto to enter into an Agreement with the Toronto Community Housing Corporation for the nominal sum conveyance to the Toronto Community Housing Corporation of:

a.  Part of Varna Drive, legally described as part of Varna Drive, Plan 5633 North York, City of Toronto, designated as Parts 1 and 2 on the draft Reference Plan Number 2789-16R2 prepared by R. Avis Surveying Inc., dated April 23, 2018, and attached as Appendix B (the Draft R-Plan) and shown approximately as Part 1 on the sketch attached as Appendix A to the report (May 6, 2019) from the Acting Director, Real Estate Services;

b.  Cather Crescent, legally described as Cather Crescent, Plan 5633 North York, City of Toronto, designated as Parts 3, 4, 5, and 6 on the Draft R-Plan and shown approximately as Part 2 on the sketch attached as Appendix A to the report (May 6, 2019) from the Acting Director, Real Estate Services; and

c.  Trafford Lane, legally described as Lane, Plan 5633 North York, City of Toronto, designated as Part 4 on Plan 66R-28485 and shown approximately as Part 3 on the sketch attached as Appendix A to the report (May 6, 2019) from the Acting Director, Real Estate Services;

collectively referred to as "the Highways," conditional upon City Council approving the permanent closure of the Highways, and subject to the reservation by the City of Toronto of easements for sewer and watermain purposes and on such other terms as may be satisfactory to the Director, Real Estate Services, or his/her designate, and in a form satisfactory to the City Solicitor.

2.  City Council authorize the Director, Real Estate Services, or his/her designate, to execute the Agreement on behalf of the City of Toronto.

3.  City Council authorize the granting of an easement to Enbridge Gas, for nominal consideration, over the portion of Varna Drive described in Recommendation 1.a., conditional upon City Council approving the closure of this portion of Varna Drive and on such other terms as may be satisfactory to the Director, Real Estate Services, or his/her designate, and in a form satisfactory to the City Solicitor.

4.  City Council authorize the City Solicitor to complete the transactions on behalf of the City of Toronto, 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.

The purpose of this report is to seek City Council authority to enter into an Agreement with the Toronto Community Housing Corporation to convey Cather Crescent, Trafford Lane, and part of Varna Drive, at nominal consideration, conditional upon City Council approving the permanent closure of these highways, in conjunction with the Lawrence Allen Revitalization Project.