Item - 2020.GL12.17

The General Government and Licensing Committee recommends that:  

1.  City Council authorize the City of Toronto (the "City") to enter into a lease (the "Lease") with Dufferin Mall Holdings Inc. (the "Landlord") or its duly authorized property manager, for approximately 27,863 square feet of space, to a maximum of 28,699 square feet at 900 Dufferin Street, Toronto (the "Premises") for a fifteen (15) year term (the "Term") expected to commence on May 1, 2021 and expire on April 30, 2036, substantially on the major terms and conditions as set out in Appendix A to the report (February 24, 2020) from the Executive Director, Corporate Real Estate Management, including such other terms and conditions as may be deemed appropriate by the Executive Director, Corporate Real Estate Management or their designate, and in a form acceptable to the City Solicitor.

This report seeks authority to enter into a new lease agreement with Dufferin Mall Holdings Inc., as landlord, for approximately 27,863 square feet of space at 900 Dufferin Street, Suite 219, Toronto (the "Premises"), for use by Toronto Employment and Social Services. The rentable area of the Premises is subject to the landlord's right to re-measure the Premises, provided that despite any increase in square footage as a result of such measurement, the tenant shall not be required to pay Minimum Rent or Additional Rent on an area greater than 28,699 square feet. The lease is for a term of fifteen (15) years. CreateTO has reviewed, and agrees that entering into the lease agreement is the most optimal approach to ensuring program delivery at this time.