Item - 2023.MM6.31
Tracking Status
- City Council adopted this item on May 10, 11 and 12, 2023 without amendments.
MM6.31 - Lease Amendment Agreement for 3 Eireann Quay - by Councillor Ausma Malik, seconded by Deputy Mayor Jennifer McKelvie
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 10 - Spadina - Fort York
City Council Decision
City Council on May 10, 11 and 12, 2023, adopted the following:
1. City Council authorize the City, as Landlord, to enter into a lease amendment agreement with current tenants (Canada Ireland Foundation) at 3 Eireann Quay, for the purpose of amending the City's current state-of-good-repair and accessibility upgrade contribution from $1,976,850 (net Harmonized Sales Tax) to a revised total of up to $4,419,000 (net Harmonized Sales Tax), together with such other terms and conditions as may be deemed appropriate by the Executive Director, Corporate Real Estate Management, in consultation with the General Manager, Economic Development and Culture, the Chief Planner and Executive Director, City Planning and in a form acceptable to the City Solicitor.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-236406.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-236506.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, need to be waived to permit introduction of Motion MM6.31. A two-thirds vote of Council Members present is required to waive notice.
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM6.31 be referred to the General Government Committee. A two-thirds vote of the Council Members present is required to waive referral.