Item - 2020.GL12.19

Tracking Status

This item was considered by General Government and Licensing Committee on March 9, 2020. The General Government and Licensing Committee postponed consideration of this item. Consult the text of the decision for further information on the deferral.

GL12.19 - Toronto Employment and Social Services Lease at 2900 Warden Avenue, Suite 225

Decision Type:: ACTION

Status:: Deferred

Ward:: 22 - Scarborough - Agincourt

Committee Decision

The General Government and Licensing Committee deferred consideration of the item until its April 15, 2020 meeting.

Origin

(February 24, 2020) Report from the Executive Director, Corporate Real Estate Management

Summary

This report seeks authority to enter into a new sublease agreement with Bridlewood Mall Management Inc., as sub-landlord, for approximately 37,000 square feet of space at 2900 Warden Avenue, Suite 225, Scarborough (the "Leased Premises"), for use by Toronto Employment and Social Services. The rentable area of the Leased Premises is subject to the sub-landlord's right to re-measure the Leased Premises, provided that any increase in square footage shall not exceed five percent (5 percent) for the purposes of calculating rent. The sublease is for a term of ten (10) years. CreateTO has reviewed, and agrees that entering into the lease agreement is the most optimal approach to ensuring program delivery at this time.

Background Information

(February 24, 2020) Report and Appendices A to D from the Executive Director, Corporate Real Estate Management on Toronto Employment and Social Services Lease at 2900 Warden Avenue, Suite 225
https://www.toronto.ca/legdocs/mmis/2020/gl/bgrd/backgroundfile-146373.pdf

Motions

Motion to Defer Item moved by Councillor Jim Karygiannis (Carried)

That consideration of the item be deferred until the April 15, 2020 meeting of the General Government and Licensing Committee.