Item - 2023.RA2.4
Tracking Status
- This item was considered by CreateTO on February 6, 2023 and was adopted with amendments.
RA2.4 - Updates on Property Acquisition for New Toronto Transit Commission Bus Garage and Additional Operational Uses
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - A proposed or pending acquisition or sale of land for municipal or local board purposes.
Board Decision
The Board of Directors of CreateTO:
1. Directed that Confidential Attachment 1 to the report (June 27, 2022) from the Executive Director, Corporate Real Estate Management remain confidential until the conditions specified in Part 3 of City Council's decision are met.
Decision Advice and Other Information
The Board of Directors of CreateTO recessed its public session to meet in closed session to consider the item as it pertains to a proposed or pending acquisition or sale of land for municipal or local board purposes.
Origin
Summary
City Council on July 19, 20, 21 and 22, 2022, adopted this Item, and has forwarded the Item and Confidential Attachment 1 to the report (June 27, 2022) from the Executive Director, Corporate Real Estate Management to the CreateTO Board and the Toronto Transit Commission Board for their information and City Council has requested the CreateTO Board and the Toronto Transit Commission Board to keep Confidential Attachment 1 to the report (June 27, 2022) from the Executive Director, Corporate Real Estate Management confidential until the conditions specified in Part 3 of City Council's decision are met.
Background Information
https://www.toronto.ca/legdocs/mmis/2023/ra/bgrd/backgroundfile-233918.pdf
(July 19, 2022) City Council Decision on Item EX34.25 - Updates on Property Acquisition for New Toronto Transit Commission Bus Garage and Additional Operational Uses
https://www.toronto.ca/legdocs/mmis/2023/ra/bgrd/backgroundfile-233920.pdf
(June 27, 2022) Report from the Executive Director, Corporate Real Estate Management on Updates on Property Acquisition for New Toronto Transit Commission Bus Garage and Additional Operational Uses
https://www.toronto.ca/legdocs/mmis/2023/ra/bgrd/backgroundfile-233919.pdf
Confidential Attachment 1 - Details of Property, Financial Impacts and Proposed New Transaction of Agreement of Purchase and Sale
Motions
That the Board direct that Confidential Attachment 1 to the report (June 27, 2022) from the Executive Director, Corporate Real Estate Management remain confidential until the conditions specified in Part 3 of City Council's decision are met.