Item - 2021.GL21.4

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 Bentway Conservancy, with whom the City has a lease, for the property known as 20 Brunel Court, for approximately 7,207 square feet of space (the "Leased Premises") owned by the City of Toronto, with respect to a facility for a community centre and ancillary parking; and

b. exempt the Leased 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 pass a resolution that the Municipal Capital Facility referenced in Recommendation 1 above is for the purposes of the City of Toronto as a community centre and is for public use.

3. City Council direct the City Clerk to provide 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 City Council's authority for the adoption of the necessary by-law to designate a portion of the property owned by the City of Toronto and leased to The Bentway Conservancy 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 of approximately 7,207 square feet of space and ancillary parking at 20 Brunel Court which is leased to The Bentway Conservancy.