Item - 2021.PA23.11

Tracking Status

This item was considered by Toronto Parking Authority on May 12, 2021 and was adopted with amendments.

PA23.11 - Transaction Expenses - Acquisition of New Public Parking Garage, 300 to 308 Queen Street West (Municipal Car Park 262)

Decision Type:: ACTION

Status:: Amended

Ward:: 10 - Spadina - Fort York

Confidential Attachment - Advice that is subject to solicitor-client privilege

Board Decision

The Board of Directors of Toronto Parking Authority:

1. Adopted the recommendations in Confidential Attachment 1 to the report (April 27, 2021) from the City Solicitor and the President, Toronto Parking Authority, as amended by the Board in closed session.

2. Directed that Confidential Attachment 1 to the report (April 27, 2021) from the City Solicitor and the President, Toronto Parking Authority remain confidential in its entirety at the discretion of the City Solicitor, as it contains advice that is subject to solicitor-client privilege.

Decision Advice and Other Information

The Board of Directors of Toronto Parking Authority recessed its public meeting to meet in closed session to consider this item as it contains advice that is subject to solicitor-client privilege.

Origin

(April 27, 2021) Report from the City Solicitor and the President, Toronto Parking Authority

Summary

This report is to provide the Board of Directors of Toronto Parking Authority with information and recommendations regarding the transaction-related expenses associated with the acquisition of a new parking garage at a property municipally known as 300 to 308 Queen Street West (the Property), which was conveyed to the City on July 17, 2020.

Confidential Attachment 1 contains information pertaining to potential litigation and contains advice that is subject to solicitor-client privilege.

Background Information

(April 27, 2021) Report from the City Solicitor and the President, Toronto Parking Authority on Transaction Expenses - Acquisition of New Public Parking Garage, 300 to 308 Queen Street West (Municipal Car Park 262)
https://www.toronto.ca/legdocs/mmis/2021/pa/bgrd/backgroundfile-166192.pdf
Confidential Attachment 1 - Transaction Expenses - 300 Queen Street West

Motions

Motion to Adopt Item as Amended moved by Hartley Lefton (Carried)

That:

1. The Board of Directors of Toronto Parking Authority adopt the recommendations in Confidential Attachment 1 to the report (April 27, 2021) from the City Solicitor and the President, Toronto Parking Authority, as amended by the Board in closed session.

2. The Board of Directors of Toronto Parking Authority direct that the information contained in Confidential Attachment 1 remain confidential in its entirety at the discretion of the City Solicitor, as it contains advice that is subject to solicitor-client privilege.