Item - 2019.MM9.62
Tracking Status
- City Council adopted this item on July 16, 17 and 18, 2019 without amendments.
MM9.62 - Potential Acquisition of 1240 Bay Street - by Councillor Mike Layton, seconded by Councillor Kristyn Wong-Tam
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on July 16, 17 and 18, 2019, adopted the following:
1. City Council direct the Director, Real Estate Services, and any other appropriate City staff, to investigate and report back on the benefits, costs, and options for the City to acquire the property interest in the property municipally known as 1240 Bay Street.
Background Information (City Council)
Motions (City Council)
Motion
to Introduce Motion without Notice
moved by
Councillor Mike Layton
(Carried)
That Councillor Mike Layton be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
Potential Acquisition of 1240 Bay Street
Reason for Urgency:
This Motion is urgent as the City is involved in multiple negotiations with developers in the neighbourhood and instruction is necessary to further the City's interests.
Motion
to Adopt Item
(Carried)