Item - 2022.GL31.14

The General Government and Licensing Committee recommends that:

1. City Council authorize a new lease agreement with a child care operator to be selected by Children's Services for a term of ten (10) years with an option to renew for a further ten (10) years for nominal consideration, substantially based on the terms set out in Appendix A to the report (May 24, 2022) from the Executive Director, Corporate Real Estate Management, and the General Manager, Children's Services, and on such other or amended terms and conditions acceptable to the Executive Director, Corporate Real Estate Management. 

2. City Council authorize the City Solicitor to complete all relevant agreements, and all documentation as required, and to deliver any notices, and amend the respective commencement, termination and other dates to such earlier or later date(s), on such terms and conditions, as the City Solicitor, or their designate, may from time to time, determine.

3. City Council authorize the Executive Director, Corporate Real Estate Management to execute such documents required to complete the relevant lease agreements.

The purpose of this report is to obtain City Council authority to enter into a new ten (10) year lease agreement (the "Lease Agreement") with a child care operator to be selected by Children's Services, for use of approximately 9,061 square feet (comprising approximately 5,113 square feet of indoor space and approximately 3,948 square feet of outdoor space) for the purposes of delivering child care services on the ground floor of the condominium building municipally known as 38 Monte Kwinter Court, legally described as Unit 6, Level 1, Toronto Standard Condominium Plan Number 2814 (the "Property"), for nominal consideration.