Item - 2024.GG12.19
Tracking Status
- City Council adopted this item on May 22 and 23, 2024 without amendments and without debate.
- This item was considered by the General Government Committee on May 1, 2024 and adopted without amendment. It will be considered by City Council on May 22 and 23, 2024.
- See also By-law 1022-2024
GG12.19 - 2900 Warden Avenue - Designation of a Portion of the Property Used by Toronto Employment and Social Services as a Municipal Capital Facility
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Ward:
- 22 - Scarborough - Agincourt
City Council Decision
City Council on May 22 and 23, 2024, adopted the following:
1. City Council pass a By-law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to:
a. enter into a Municipal Capital Facility Agreement between Bridlewood Mall Management Inc., the landlord, which will lease approximately 34,658 square feet at 2900 Warden Avenue (the "Leased Premises") to the City of Toronto, used for social and health services; and
b. exempt the Leased Premises from taxation for municipal and school purposes, with the tax exemption being effective from the latest of:
1. the commencement date of the lease;
2. the date the Municipal Capital Facility Agreement is entered into; and
3. the date the Tax Exemption By-Law is enacted.
2. City Council direct the City Clerk to give written notice of the By-law to the Minister of Finance, the Municipal Property Assessment Corporation, the Toronto District School Board, the Toronto Catholic District School Board, le Conseil scolaire Viamonde and le Conseil scolaire catholique MonAvenir.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-244972.pdf
GG12.19 - 2900 Warden Avenue - Designation of a Portion of the Property Used by Toronto Employment and Social Services as a Municipal Capital Facility
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 22 - Scarborough - Agincourt
Committee Recommendations
The General Government Committee recommends that:
1. City Council pass a By-Law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to:
a. enter into a Municipal Capital Facility Agreement between Bridlewood Mall Management Inc., the landlord, which will lease approximately 34,658 square feet at 2900 Warden Avenue (the "Leased Premises") to the City of Toronto, used for social and health services; and
b. exempt the Leased Premises from taxation for municipal and school purposes, with the tax exemption being effective from the latest of:
- the commencement date of the lease;
- the date the Municipal Capital Facility Agreement is entered into; and
- the date the Tax Exemption By-Law is enacted.
2. City Council direct the City Clerk to give written notice of the By-Law to the Minister of Finance, the Municipal Property Assessment Corporation, the Toronto District School Board, the Toronto Catholic District School Board, le Conseil scolaire Viamonde and le Conseil scolaire catholique MonAvenir.
Origin
Summary
This report seeks City Council's authority for the adoption of the necessary By-Law to designate a portion of the property owned by 2366829 Ontario Limited leased to the Toronto Employment and Social Services as a Municipal Capital Facility, and to provide an exemption for municipal taxes and education taxes. The Municipal Capital Facility agreement authorized by the By-Law will provide an exemption for unit 225 which is approximately 34,658 square feet at 2900 Warden Avenue.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-244972.pdf