Item - 2023.RA8.3

The Board of Directors of CreateTO:

1.  Directed that the confidential information contained in Confidential Attachment 1 to the report (October 31, 2023) from the Chief Executive Officer, CreateTO remain confidential in its entirety, as it is about a position, plan, procedure, criteria, or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO.

The CreateTO Board and City Council directed the Chief Executive Officer, CreateTO to report back to the CreateTO Board in 2023 on the status of the viability of the three sites identified in the Mount Dennis area, pursuant to RA30.6 - Mount Dennis Campus Opportunity, referred by the CreateTO Board to City Council as GL30.16 - Mount Dennis Campus Opportunity.  This report provides a further update on this review and confirms the addition of one site after a thorough review and the continued due diligence on the first three potential sites.  

A Memorandum of Understanding was executed between CreateTO and George Brown College to continue this due diligence work which speaks to the feasibility of a post-secondary campus and City-building opportunities in the Mount Dennis area, feeding into the George Brown College lead Campus Master Plan review.