Item - 2024.MM16.51

City Council on March 20 and 21, 2024, adopted the following:

1. City Council direct the Executive Director, Corporate Real Estate Management, in consultation with the General Manager, Parks, Forestry and Recreation and the local Councillor, to pursue expansion of Maple Leaf Forever Park through City acquisition of the properties identified in Confidential Attachment 1, using available funds from the Parkland Acquisition sub-project in the Land Acquisition project (account CPR115-50-01) in the 2024-2033 Council Approved Capital Budget and Plan for Parks, Forestry and Recreation, to be funded by Section 42 First 5 per cent South District Parkland Acquisition Cash-in-lieu Reserve fund (Source Account XR2208).
 

2. City Council authorize the execution of agreements of purchase and sale, together with such other transaction documents as may be reasonably required to secure the lands identified in Part 1, by the Executive Director, Corporate Real Estate Management, should business terms satisfactory to the Executive Director, Corporate Real Estate Management, in consultation with the General Manager, Parks, Forestry and Recreation be reached by the parties.
 

3. City Council direct that Confidential Attachment 1 to this Motion remain confidential at the discretion of the City Solicitor as it pertains to a proposed or pending acquisition or disposition of land by the City of Toronto.

Confidential Attachment 1 to Motion MM16.51, remains confidential at this time, in accordance with the provisions of the City of Toronto Act, 2006, as it pertains to a proposed or pending acquisition or disposition of land by the City of Toronto. Confidential Attachment 1 to Motion MM16.51 will be made public at the discretion of the City Solicitor.