Item - 2020.GL12.16

The General Government and Licensing Committee recommends that:

1.  City Council authorize the City of Toronto (the City), as landlord, to enter into a nominal sum lease agreement with Toronto Community Housing Corporation, as tenant, for a term of 50 years less one day, substantially on the major terms and conditions set out in Appendix A to the report (February 21, 2020) from the Executive Director, Corporate Real Estate Management, including such other terms and conditions as deemed appropriate by the Executive Director, Corporate Real Estate Management or their designate, and in a form acceptable to the City Solicitor.

2.  City Council direct that the lease agreement shall include an easement reserved in favour of the City for the protection of Toronto Water services and utilities in the closed laneway, on terms and conditions deemed appropriate by the Executive Director, Corporate Real Estate Management in consultation with the General Manager, Toronto Water, and in a form acceptable to the City Solicitor.

This report seeks authority to enter into a long term ground lease agreement with Toronto Community Housing Corporation for nominal consideration. Toronto Community Housing Corporation currently occupies the closed laneway pursuant to a licence agreement with the City, expiring on May 21, 2020. The proposed lease will allow Toronto Community Housing to continue to use the laneway for a children's playground, including an open landscaped area and walkway, for the benefit of Toronto Community Housing Corporation's residents in the adjacent buildings. The term of the lease will be 50 years less one day, for approximately 7,800 square feet of a closed laneway located at the rear of 6 Henry Street, as more particularly described in Appendix A, and shown on the location map in Appendix B (the "Property") in Ward 11, University- Rosedale.