Item - 2021.MM38.18

City Council on December 15, 16 and 17, 2021, adopted the following:

1. City Council authorize the Executive Director, Housing Secretariat to work with the Toronto Alliance to End Homelessness and Miziwe Biik Development Corporation to engage the non-profit sector and select suitable operators to lease and operate the new Federally-funded affordable rental housing being created at 222 Spadina Avenue and 292-296 Parliament Street through a non-competitive process for an initial five-year term, with an option to extend the term for up to 5 additional years, (prioritizing those with extensive supportive housing management experience), and subsequently conduct a competitive process to select operators for longer term leasing and operation of the properties, in the event that no successful proponent(s) are identified through the open Request for Proposals.

2. City Council authorize the Executive Director, Corporate Real Estate Management, in consultation with the Executive Director, Housing Secretariat, to negotiate, approve and execute, on behalf of the City, nominal rent leases or below market rent leases and related agreements with each of the non-profit housing operators that may be selected through the process referred to in Part 1 above for up to five (5) years, with an option to extend the term for up to 5 additional years, on such terms and conditions acceptable to the Executive Director, Corporate Real Estate Management, in consultation with the Executive Director, Housing Secretariat, and in a form satisfactory to the City Solicitor.

3. City Council authorize the Executive Director, Housing Secretariat to negotiate and execute on behalf of the City, municipal housing facility agreements (the City's "Contribution Agreement") with the non-profit housing providers that may be selected through the processes referred to in Part 1 above, to secure the financial assistance being provided and to set out the terms of the operation of the new affordable rental housing, on terms and conditions satisfactory to the Executive Director, Housing Secretariat and in a form approved by the City Solicitor.