Item - 2020.GL12.3

The General Government and Licensing Committee recommends that:  

1.  City Council pass a By-law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to:

a.   enter into a Municipal Capital Facility Agreement with the Head Landlord, 30 Adelaide Street East Limited Partnership ("Dream") and the Sublandlord, State Street Trust Company Canada, which leases approximately 24,370 square feet of space on the 7th floor at 30 Adelaide Street East (the Subleased Premises) to the City of Toronto, used for the general administration of the City; and

b.  exempt the Subleased Premises from taxation for municipal and school purposes, with the tax exemption being effective from the latest of:

1. the commencement date of the Lease;

2. the date the Municipal Capital Facility Agreement is entered into; and

3. the date the Tax Exemption by-law is enacted.

2.  City Council direct the City Clerk to give written notice of the by-law to the Minister of Finance, the Municipal Property Assessment Corporation, the Toronto District School Board, the Toronto Catholic District School Board, le Conseil scolaire Viamonde, and le Conseil scolaire catholique MonAvenir.

This report seeks Council's authority for the adoption of the necessary by-law to designate a portion of the property owned by 30 Adelaide Street East Limited Partnership, leased to State Street Trust Company Canada and subleased to Toronto Court Services, as a Municipal Capital Facility, and to provide an exemption for municipal taxes and education taxes.  The Municipal Capital Facility agreement authorized by the by-law will provide an exemption for approximately 24,370 square feet of interior space, which is the entire 7th floor of 30 Adelaide Street East subleased to Toronto Court Services.

The privately-owned space at 30 Adelaide Street East was selected as a temporary office space location for Toronto Court Services staff until the required work is completed for relocation to a city-owned property, scheduled for 2022.