Item - 2022.MM39.30

City Council on February 2 and 3, 2022, adopted the following:

1. City Council authorize the City to enter into a twenty (20) year, nominal sublease agreement (the "Sublease") with Thunder Woman Healing Lodge Society (the "Subtenant") for the use of the property located at 161 Spadina Road (the "Leased Premises"), substantially on the major terms and conditions as set out in Attachment 1 to the report (February 1, 2022) from the Executive Director, Corporate Real Estate Management and the Executive Director, Housing Secretariat, and other terms and conditions as may be deemed appropriate by the Executive Director, Corporate Real Estate Management, or their designate, and in a form acceptable to the City Solicitor.

2.  City Council authorize the Executive Director, Housing Secretariat to negotiate and execute, on behalf of the City, a Municipal Housing Facility Agreement (the City's Contribution Agreement) with Thunder Woman Healing Lodge Society to secure financial assistance and to set out the terms of the renovation and operation of the new affordable transitional housing, on terms and conditions satisfactory to the Executive Director, Housing Secretariat, and in a form acceptable to the City Solicitor.

3.  City Council authorize the City Solicitor to complete the agreements on behalf of the City, including amending the commencement date of the agreements and other dates, and amending terms and conditions, on such terms as the City Solicitor deems advisable.

4.  City Council authorize an exemption from taxation for municipal and school purposes for the transitional affordable housing at 161 Spadina Road for a period of twenty (20) years.

5.  City Council authorize the Controller to cancel or refund taxes paid after the effective date of the Municipal Housing Facility Agreement (the City's Contribution Agreement) for the new transitional affordable housing at 161 Spadina Road.