Item - 2019.MM2.21
Tracking Status
- City Council adopted this item on January 30 and 31, 2019 without amendments.
MM2.21 - Potential Acquisition of Hearn Generating Station - by Councillor Paula Fletcher, seconded by Mayor John Tory
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 14 - Toronto - Danforth
City Council Decision
City Council on January 30 and 31, 2019, adopted the following:
1. City Council direct the Deputy City Manager, Corporate Services, in consultation with the Chief Executive Officer, CreateTO, to initiate negotiations on an expedited basis with the appropriate parties for the acquisition of the Hearn Generating Station site at market value, taking into consideration the environmental condition of the property and any other relevant factors, including recent transaction values, and otherwise on terms satisfactory to the Deputy City Manager, Corporate Services.
2. City Council direct the Deputy City Manager, Corporate Services to report to the Executive Committee at its meeting of April 9, 2019 regarding the status of such negotiations, and for the approval of the agreed upon business terms, if applicable.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2019/mm/bgrd/backgroundfile-124230.pdf
(January 31, 2019) Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2019/mm/bgrd/backgroundfile-124301.pdf
Motions (City Council)
That Councillor Paula Fletcher be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
Potential Acquisition of Hearn Generating Station
Reason for Urgency:
This Motion is urgent as the acquisition of this site would support important City planning, recreational, cultural and infrastructure priorities.
Vote (Adopt Item) Jan-31-2019 4:12 PM
| Result: Carried | Majority Required - MM2.21 - Adopt the Item |
|---|---|
| Total members that voted Yes: 20 | Members that voted Yes are Paul Ainslie, Brad Bradford, Shelley Carroll, Gary Crawford, Joe Cressy, John Filion, Paula Fletcher, Mark Grimes, Jim Karygiannis, Cynthia Lai, Mike Layton, Josh Matlow, Jennifer McKelvie, Frances Nunziata (Chair), James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, Michael Thompson, John Tory |
| Total members that voted No: 2 | Members that voted No are Michael Ford, Stephen Holyday |
| Total members that were Absent: 4 | Members that were absent are Ana Bailão, Mike Colle, Denzil Minnan-Wong, Kristyn Wong-Tam |