Item - 2024.GG14.21
Tracking Status
- City Council adopted this item on July 24 and 25, 2024 without amendments and without debate.
- This item was considered by the General Government Committee on July 2, 2024 and adopted without amendment. It will be considered by City Council on July 24 and 25, 2024.
- See also By-law 777-2024
GG14.21 - 245 Bartley Drive - Designation of a Portion of the Property used by the Toronto Transit Commission as a Municipal Capital Facility
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Ward:
- 16 - Don Valley East
City Council Decision
City Council on July 24 and 25, 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 245 Bartley Inc., the landlord, which will lease approximately 46,000 square feet at 245 Bartley Drive (the "Leased Premises") to the City of Toronto, used for the general administration of the City; 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.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-246520.pdf
GG14.21 - 245 Bartley Drive - Designation of a Portion of the Property used by the Toronto Transit Commission as a Municipal Capital Facility
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 16 - Don Valley East
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 245 Bartley Inc., the landlord, which will lease approximately 46,000 square feet at 245 Bartley Drive (the "Leased Premises") to the City of Toronto, used for the general administration of the City; 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 245 Bartley Inc., leased to the Toronto Transit Commission 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 2 which is approximately 46,000 square feet at 245 Bartley Drive.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/gg/bgrd/backgroundfile-246520.pdf