Item - 2024.EX11.9
Tracking Status
- City Council adopted this item on February 6, 2024 without amendments and without debate.
- This item was considered by the Executive Committee on January 30, 2024 and adopted without amendment. It will be considered by City Council on February 6, 2024.
EX11.9 - Advancing the George Street Revitalization Project - Update and Next Steps
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Ward:
- 13 - Toronto Centre
City Council Decision
City Council on February 6 and 7, 2024, adopted the following:
1. City Council adopt the confidential instructions to staff in Confidential Attachment 1 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services.
2. City Council authorize the public release of Confidential Attachment 1 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services.
3. City Council authorize the public release of Confidential Attachment 2 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services following the closing of any legal and financial transactions.
The confidential instructions to staff in Confidential Attachment 1 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services were adopted by City Council and are now public as follows:
1. City Council authorize the Deputy City Manager, Corporate Services to end the Memorandum of Understanding between the City of Toronto and Ontario Infrastructure and Lands Corporation to deliver the George Street Revitalization project using the Design-Build-Finance alternative financing and procurement (public-private partnership P3) delivery model, while continuing to leverage partnership opportunities with Infrastructure Ontario and the Province of Ontario through other City initiatives.
2. City Council direct the Executive Director, Corporate Real Estate Management, and the Chief Executive Officer, Create TO in consultation with the General Manager, Toronto Shelter and Support Services, General Manager, Senior Services and Long-Term Care, Executive Director, Housing Secretariat, and Executive Director, Social Development, Finance and Administration, to explore a City-delivered method for the George Street Revitalization project to maximize the value for money of the current approved project budget and to report back with the results to Executive Committee in the third quarter of 2024.
Confidential Attachment 1 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services is now public and can be accessed under Background Information (Committee).
Confidential Attachment 2 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services remains confidential at this time in accordance with the provisions of the City of Toronto Act, 2006, as it contains commercial and financial information that belongs to the City of Toronto and has monetary value or potential monetary value and criteria to be applied to negotiations carried on or to be carried on by or on behalf of the City of Toronto. Confidential Attachment 2 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services will be made public following the closing of any legal and financial transactions.
Confidential Attachment - Commercial and financial information that belongs to the City of Toronto and has monetary value or potential monetary value and criteria to be applied to negotiations carried on or to be carried on by or on behalf of the City of Toronto.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2024/ex/bgrd/backgroundfile-242228.pdf
Confidential Attachment 1 - Project Update and Recommendations - Made public on February 21, 2024
https://www.toronto.ca/legdocs/mmis/2024/ex/bgrd/backgroundfile-242229.pdf
Confidential Attachment 2 - Financial Details
EX11.9 - Advancing the George Street Revitalization Project - Update and Next Steps
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 13 - Toronto Centre
Confidential Attachment - Commercial and financial information that belongs to the City of Toronto and has monetary value or potential monetary value and criteria to be applied to negotiations carried on or to be carried on by or on behalf of the City of Toronto.
Committee Recommendations
The Executive Committee recommends that:
1. City Council adopt the confidential instructions to staff in Confidential Attachment 1 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services.
2. City Council authorize the public release of Confidential Attachment 1 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services once adopted by City Council.
3. City Council authorize the public release of Confidential Attachment 2 to the report (January 16, 2024) from the Deputy City Manager, Corporate Services following the closing of any legal and financial transactions.
Origin
Summary
This report provides an update and recommendations around the next phase of procurement and construction of the George Street Revitalization project which are further described in detail in Confidential Attachment 1 and Confidential Attachment 2.
In 2013, Toronto City Council approved proceeding with the George Street Revitalization project, which would include a new facility to replace the existing Seaton House men's shelter and facilitate the co-location of a long-term care home, shelters services, affordable housing, and a community service hub. City Council also approved delivering the project through an alternative financing and procurement (public-private partnership, "P3") model with Infrastructure Ontario and Lands Corporation (known as Infrastructure Ontario, "IO") acting as procurement lead.
The George Street Revitalization project is a core project of the Downtown East Action Plan and advances several initiatives to address the barriers and needs of community members from equity-deserving groups who have a history of accessing services in Toronto's Downtown East area.
The proposed George Street Revitalization project is on George Street between Gerrard Street East to the north and Dundas Street East to the south. George Street is located in the Garden District in downtown Toronto and is also part of the Moss Park neighbourhood, one of City’s most animated, diverse and dense communities with a historic role as an inclusive place for vulnerable populations.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/ex/bgrd/backgroundfile-242228.pdf
Confidential Attachment 1 - Project Update and Recommendations - Made public on February 21, 2024
https://www.toronto.ca/legdocs/mmis/2024/ex/bgrd/backgroundfile-242229.pdf
Confidential Attachment 2 - Financial Details