Item - 2023.MM13.12

City Council on December 13, 14 and 15, 2023, adopted the following:

1. City Council authorize the General Manager, Economic Development and Culture and the Executive Director, Corporate Real Estate Management to write off the additional rent owed from January 1, 2023 to October 31, 2023 in the total amount of $27,621.78 by the tenants, Da Endz Restaurant Inc., Chic Peas Vegan Cuisine Incorporated, Teta's Kitchen Inc., at 5210 Yonge Street.

2. City Council authorize the General Manager, Economic Development and Culture and the Executive Director, Corporate Real Estate Management to refund the additional rent paid from January 1, 2023 to October 31, 2023 in the total amount of $29,150.12 by the tenants, Da Endz Restaurant Inc., Chic Peas Vegan Cuisine Incorporated, Teta's Kitchen Inc., Bunhaus Eats Inc. at 5210 Yonge Street.

3. City Council authorize the City to enter into settlement agreements (collectively, the “Settlement Agreement”) with each of the tenants to document the arrangements set out in Parts 1 and 2 above, including such other terms and conditions as may be acceptable to the Director, Property Management, and in a form acceptable to the City Solicitor.

4. City Council authorize the Executive Director, Corporate Real Estate Management to execute and deliver the Settlement Agreement and any related documents contemplated thereunder on behalf of the City.