Item - 2023.MM8.25
Tracking Status
- City Council adopted this item on July 19, 2023 without amendments.
MM8.25 - Supporting the Development of Supportive Housing - Assistance to Reena's Project at 165 Elm Ridge Drive - by Councillor Mike Colle, seconded by Councillor Shelley Carroll
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 8 - Eglinton - Lawrence
City Council Decision
City Council on July 19 and 20, 2023, adopted the following:
1. City Council authorize the Executive Director, Corporate Real Estate Management, in consultation with the General Manager, Parks, Forestry and Recreation, to enter into real estate licences, at nominal value, for tie-back encumbrances, crane swing, and construction staging required for the construction of the affordable housing project at 165 Elm Ridge Drive, with the value of the agreements to be secured in the Contribution Agreement between the City and Reena.
2. City Council direct the Executive Director, Housing Secretariat, in consultation with the Executive Director, Corporate Real Estate Management, to report back on the feasibility of expanding the Open Door Affordable Rental Housing Program to include the authority for the City to enter into licences or other arrangements at nominal value and/or to waive fees related to tieback encumbrances, construction staging and crane swing agreements for eligible affordable housing projects under the City's Open Door Affordable Rental Housing Program.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-238367.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-238479.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM8.25 be referred to the Planning and Housing Committee. A two-thirds vote of the Council Members present is required to waive referral.