Item - 2021.MM38.42
Tracking Status
- City Council adopted this item on December 15, 16 and 17, 2021 with amendments.
MM38.42 - 355 King Street West and 119 Blue Jays Way-Section 37 Agreement—Use of Non-Profit Space - by Councillor Joe Cressy, seconded by Councillor Mike Layton
- Decision Type:
- ACTION
- Status:
- Amended
- Ward:
- 10 - Spadina - Fort York
City Council Decision
City Council on December 15, 16 and 17, 2021, adopted the following:
1. City Council direct the appropriate City staff to work with the owner of 355 King Street West and 119 Blue Jays Way and The Childcare Research Hub so that the two parties can proceed with a lease negotiation for the non-profit community space located on first and second floors of the subject property.
2. City Council increase the Approved 2021 Operating Budget for Non-Program on a one time basis by $50,000 gross, $0 net, fully funded by Section 37 (Planning Act Reserve Funds) obtained from the development at 156 Front Street West (Source Account: XR3026-3701065) for the purpose of providing one time capital funding to the Ontario Coalition for Better Child Care on behalf of The Childcare Research Hub for capital improvements to the non-profit space at 355 King Street West (NP2161).
3. City Council direct that the $50,000 be forwarded to Ontario Coalition for Better Child Care on behalf of The Childcare Research Hub, subject to Ontario Coalition for Better Child Care signing an Undertaking that governs the use of the funds and the financial reporting requirements.
4. City Council request the Controller to report to the General Government and Licensing Committee on the feasibility and financial implications of designating the community space as a Municipal Capital Facility and exempting the community space from property taxes.
Background Information (City Council)
Motions (City Council)
That Councillor Cressy be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
355 King Street West and 119 Blue Jays Way-Section 37 Agreement—Use of Non-Profit Space
Reason for Urgency:
This Motion is urgent due to a clause in the Section 37 agreement allowing the owner to make a cash payment to the City instead of providing the community space. It is necessary that an appropriate tenant be secured quickly.
That City Council amend Recommendation 2 by replacing the words "Corporate Real Estate Management" with "Non-Program on a one time basis" and by adding the words "Planning Act Reserve" after the words Section 37 such that it now reads as follows:
2. City Council increase the Approved 2021 Operating Budget for Corporate Real Estate Management Non-Program on a one time basis by $50,000 gross, $0 net, fully funded by Section 37 (Planning Act Reserve Funds) obtained from the development at 156 Front Street West (Source Account: XR3026-3701065) for the purpose of providing one time capital funding to the Ontario Coalition for Better Child Care on behalf of The Childcare Research Hub for capital improvements to the non-profit space at 355 King Street West (NP2161).